Evergreen Capital Management LLC Sells 25,363 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Evergreen Capital Management LLC reduced its stake in Cisco Systems by 7.5%, selling 25,363 shares and now holding 313,753 shares, representing 0.6% of its portfolio.
• Cisco Systems reported earnings of $0.99 per share, exceeding analysts' expectations, with a revenue of $14.67 billion for the latest quarter—a 7.6% increase year-over-year.
• The company announced a quarterly dividend of $0.41 per share, with an ex-dividend date of October 3rd, reflecting a 2.4% annual yield.

Evergreen Capital Management LLC lessened its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 7.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 313,753 shares of the network equipment provider's stock after selling 25,363 shares during the period. Cisco Systems accounts for 0.6% of Evergreen Capital Management LLC's portfolio, making the stock its 28th largest holding. Evergreen Capital Management LLC's holdings in Cisco Systems were worth $19,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of CSCO. Mpwm Advisory Solutions LLC bought a new position in Cisco Systems in the 4th quarter worth approximately $26,000. JDM Financial Group LLC raised its position in shares of Cisco Systems by 160.4% during the 4th quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock valued at $29,000 after acquiring an additional 300 shares during the last quarter. Pandora Wealth Inc. bought a new stake in shares of Cisco Systems during the 1st quarter valued at $31,000. Fairway Wealth LLC raised its position in shares of Cisco Systems by 224.7% during the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock valued at $36,000 after acquiring an additional 400 shares during the last quarter. Finally, Accent Capital Management LLC bought a new stake in shares of Cisco Systems during the 1st quarter valued at $36,000. Institutional investors own 73.33% of the company's stock.

Cisco Systems Price Performance

NASDAQ CSCO opened at $69.43 on Friday. The business has a 50 day simple moving average of $68.42 and a 200 day simple moving average of $63.71. Cisco Systems, Inc. has a 52-week low of $47.85 and a 52-week high of $72.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 1.01. The stock has a market cap of $274.94 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 2.90 and a beta of 0.91.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. The firm had revenue of $14.67 billion during the quarter, compared to analysts' expectations of $14.63 billion. Cisco Systems had a return on equity of 27.02% and a net margin of 18.45%.The company's revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 EPS. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems's dividend payout ratio is 62.60%.

Analyst Ratings Changes

Several brokerages have commented on CSCO. Rosenblatt Securities reiterated a "buy" rating and set a $87.00 target price on shares of Cisco Systems in a research report on Thursday, August 14th. Morgan Stanley upped their target price on shares of Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Barclays upped their target price on shares of Cisco Systems from $66.00 to $71.00 and gave the company an "equal weight" rating in a research report on Thursday, August 14th. UBS Group upped their target price on shares of Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Finally, Evercore ISI upped their target price on shares of Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.53.

Insider Activity

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 9,783 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $651,547.80. Following the completion of the transaction, the executive vice president owned 161,662 shares in the company, valued at approximately $10,766,689.20. This represents a 5.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard Scott Herren sold 15,678 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $65.52, for a total value of $1,027,222.56. Following the transaction, the chief financial officer owned 309,543 shares of the company's stock, valued at approximately $20,281,257.36. This trade represents a 4.82% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 119,095 shares of company stock worth $7,841,167. 0.01% of the stock is currently owned by insiders.

Cisco Systems Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.

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