Financiere des Professionnels Fonds d investissement inc. Sells 8,851 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Financiere des Professionnels Fonds d investissement inc. has reduced its stake in Cisco Systems by 33.2%, selling 8,851 shares and now holding a total of 17,773 shares valued at approximately $1.23 million.
• Recent changes by other hedge funds indicate active management, with several firms increasing their Cisco holdings, signaling institutional interest in the stock.
• Cisco Systems has reported better-than-expected quarterly earnings, with a net revenue of $14.67 billion and a reported EPS of $0.99, exceeding consensus estimates.

Financiere des Professionnels Fonds d investissement inc. trimmed its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 33.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,773 shares of the network equipment provider's stock after selling 8,851 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.'s holdings in Cisco Systems were worth $1,233,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC lifted its stake in shares of Cisco Systems by 2.9% during the 1st quarter. Ashton Thomas Securities LLC now owns 5,654 shares of the network equipment provider's stock valued at $349,000 after buying an additional 159 shares in the last quarter. Boltwood Capital Management increased its holdings in Cisco Systems by 1.4% during the 2nd quarter. Boltwood Capital Management now owns 11,593 shares of the network equipment provider's stock worth $804,000 after acquiring an additional 160 shares during the period. Greenline Partners LLC increased its holdings in Cisco Systems by 0.5% during the 1st quarter. Greenline Partners LLC now owns 32,570 shares of the network equipment provider's stock worth $2,010,000 after acquiring an additional 162 shares during the period. Birchbrook Inc. increased its holdings in Cisco Systems by 6.3% during the 1st quarter. Birchbrook Inc. now owns 2,964 shares of the network equipment provider's stock worth $183,000 after acquiring an additional 176 shares during the period. Finally, Avalon Trust Co increased its holdings in Cisco Systems by 5.4% during the 1st quarter. Avalon Trust Co now owns 3,433 shares of the network equipment provider's stock worth $212,000 after acquiring an additional 177 shares during the period. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Cisco Systems Stock Down 0.0%

NASDAQ:CSCO traded down $0.03 on Tuesday, reaching $67.73. 2,230,539 shares of the stock traded hands, compared to its average volume of 21,059,248. The company has a market capitalization of $267.73 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 2.87 and a beta of 0.99. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a 12 month low of $52.01 and a 12 month high of $72.55. The company's fifty day simple moving average is $68.14 and its 200 day simple moving average is $64.17.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. The business had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. Cisco Systems's revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business 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. Equities analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CSCO. Hsbc Global Res lowered shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $87.00 price objective on shares of Cisco Systems in a research note on Thursday, August 14th. Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a "hold" rating to a "buy" rating and upped their price objective for the company from $65.00 to $73.00 in a research note on Monday, June 16th. UBS Group upped their price objective on shares of Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Finally, Barclays upped their price objective on shares of Cisco Systems from $66.00 to $71.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. One investment 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's stock. According to data from MarketBeat, Cisco Systems has an average rating of "Moderate Buy" and an average price target of $74.53.

Insider Transactions at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 2,718 shares of Cisco Systems stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $68.08, for a total value of $185,041.44. Following the completion of the sale, the executive vice president directly owned 157,184 shares in the company, valued at $10,701,086.72. The trade was a 1.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Oliver Tuszik sold 17,526 shares of Cisco Systems stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the completion of the sale, the executive vice president owned 198,855 shares of the company's stock, valued at $13,512,197.25. This represents a 8.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,965 shares of company stock valued at $5,559,996. Company insiders own 0.01% of the company's stock.

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.