First Business Financial Services Inc. Has $2.48 Million Position in Cisco Systems, Inc. $CSCO

Key Points

• First Business Financial Services Inc. has reduced its stake in Cisco Systems, Inc. by 34.3%, owning 35,766 shares worth approximately $2.48 million as of the latest SEC filing.
• Cisco experienced recent insider selling, with EVP Thimaya K. Subaiya and another insider selling shares, resulting in a total of 82,965 shares sold over the last quarter valued at $5.56 million.
• Wall Street analysts have varied opinions on Cisco, with ratings ranging from a “strong-buy” to “hold”, and an average price target set at $74.72.

First Business Financial Services Inc. cut its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 34.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,766 shares of the network equipment provider's stock after selling 18,666 shares during the period. First Business Financial Services Inc.'s holdings in Cisco Systems were worth $2,481,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CSCO. Drive Wealth Management LLC raised its position in shares of Cisco Systems by 2.7% during the second quarter. Drive Wealth Management LLC now owns 16,605 shares of the network equipment provider's stock worth $1,152,000 after purchasing an additional 436 shares during the period. Kornitzer Capital Management Inc. KS boosted its stake in Cisco Systems by 0.7% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider's stock worth $55,049,000 after purchasing an additional 6,501 shares during the period. Golden State Wealth Management LLC boosted its position in shares of Cisco Systems by 10.8% during the first quarter. Golden State Wealth Management LLC now owns 6,298 shares of the network equipment provider's stock worth $389,000 after buying an additional 612 shares during the period. Shell Asset Management Co. boosted its position in Cisco Systems by 53.3% during the 2nd quarter. Shell Asset Management Co. now owns 77,234 shares of the network equipment provider's stock worth $5,358,000 after acquiring an additional 26,840 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Cisco Systems by 255.9% in the first quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider's stock worth $482,509,000 after purchasing an additional 5,622,672 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Insider Buying and Selling at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 7,511 shares of Cisco Systems stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $66.84, for a total value of $502,035.24. Following the transaction, the executive vice president owned 161,467 shares in the company, valued at approximately $10,792,454.28. This trade represents a 4.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeetendra I. Patel sold 9,061 shares of the company's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $603,462.60. Following the sale, the insider owned 237,405 shares of the company's stock, valued at approximately $15,811,173. This represents a 3.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,965 shares of company stock valued at $5,559,996. 0.01% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CSCO has been the topic of several recent research reports. Wall Street Zen lowered shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Piper Sandler raised their target price on shares of Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Hsbc Global Res downgraded shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Weiss Ratings restated a "buy (b-)" rating on shares of Cisco Systems in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company lifted their price objective on shares of Cisco Systems from $75.00 to $83.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, Cisco Systems currently has a consensus rating of "Moderate Buy" and an average price target of $74.72.

Cisco Systems Stock Down 0.6%

NASDAQ CSCO opened at $70.27 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. The company has a market cap of $277.79 billion, a price-to-earnings ratio of 26.82, a PEG ratio of 2.98 and a beta of 0.97. The company has a 50 day moving average of $68.21 and a 200-day moving average of $65.49. Cisco Systems, Inc. has a 1-year low of $52.11 and a 1-year high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. The firm had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a return on equity of 27.06% 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 last 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. On average, equities research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd were given a dividend of $0.41 per share. The ex-dividend date was Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.3%. Cisco Systems's dividend payout ratio (DPR) is currently 62.60%.

Cisco Systems Company 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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