First Citizens Bank & Trust Co. Sells 4,688 Shares of Cisco Systems, Inc. $CSCO

Key Points

• First Citizens Bank & Trust Co. reduced its stake in Cisco Systems by 1.7%, selling 4,688 shares and bringing its total ownership to 278,986 shares, valued at approximately $19.36 million.
• Several large investors, including Goldman Sachs and Vanguard Group, have recently adjusted their holdings in Cisco, with Goldman Sachs increasing its stake by 37.4%.
• Cisco announced a quarterly dividend of $0.41 per share, indicating a 2.3% yield with a payout ratio of 62.60%, recently paid to stockholders of record.

First Citizens Bank & Trust Co. decreased its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 278,986 shares of the network equipment provider's stock after selling 4,688 shares during the period. First Citizens Bank & Trust Co.'s holdings in Cisco Systems were worth $19,356,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of CSCO. Vanguard Group Inc. raised its stake in shares of Cisco Systems by 0.5% in the first quarter. Vanguard Group Inc. now owns 388,949,854 shares of the network equipment provider's stock valued at $24,002,095,000 after buying an additional 1,865,648 shares during the period. Invesco Ltd. increased its position in shares of Cisco Systems by 10.4% during the first quarter. Invesco Ltd. now owns 47,117,146 shares of the network equipment provider's stock valued at $2,907,599,000 after buying an additional 4,437,450 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Cisco Systems by 37.4% in the first quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider's stock worth $2,898,722,000 after buying an additional 12,775,066 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Cisco Systems by 3.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 37,797,629 shares of the network equipment provider's stock valued at $2,332,492,000 after acquiring an additional 1,326,354 shares during the period. Finally, Amundi grew its stake in Cisco Systems by 11.0% during the first quarter. Amundi now owns 29,170,847 shares of the network equipment provider's stock valued at $1,679,312,000 after acquiring an additional 2,898,391 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Piper Sandler raised their price target on shares of Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" rating in a report on Thursday, August 14th. HSBC reiterated a "hold" rating and issued a $69.00 price objective on shares of Cisco Systems in a research report on Friday, August 15th. Evercore ISI boosted their target price on Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a research report on Thursday, August 14th. UBS Group raised their price target on Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Cisco Systems in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $74.72.

Insider Activity at Cisco Systems

In related news, EVP Oliver Tuszik sold 17,526 shares of the firm's 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 transaction, the executive vice president directly owned 198,855 shares in the company, valued at $13,512,197.25. This trade represents a 8.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Maria Victoria Wong sold 428 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $68.25, for a total value of $29,211.00. Following the completion of the sale, the senior vice president owned 30,619 shares of the company's stock, valued at $2,089,746.75. The trade was a 1.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,965 shares of company stock worth $5,559,996 over the last three months. Corporate insiders own 0.01% of the company's stock.

Cisco Systems Price Performance

CSCO opened at $70.66 on Thursday. 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 stock has a market capitalization of $279.33 billion, a P/E ratio of 26.97, a PEG ratio of 2.98 and a beta of 0.97. The stock has a 50-day moving average price of $68.19 and a 200-day moving average price of $65.38. Cisco Systems, Inc. has a 12-month low of $52.11 and a 12-month high of $72.55.

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 for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. During the same quarter in the previous year, the company posted $0.87 EPS. Cisco Systems's quarterly revenue was up 7.6% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, October 3rd. Cisco Systems's payout ratio is 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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