FNY Investment Advisers LLC Has $669,000 Stock Position in Cisco Systems, Inc. $CSCO

Key Points

• FNY Investment Advisers LLC reduced its stake in Cisco Systems by 49.1%, holding 9,654 shares worth $669,000 after selling 9,296 shares in Q2.
• Insider sales included 17,526 shares sold by EVP Oliver Tuszik, totaling approximately $1.19 million, leading to an 8.10% decrease in his holdings.
• Analysts have raised Cisco's price target, with Wells Fargo increasing it from $75.00 to $83.00, reflecting a positive outlook for the company's stock.

FNY Investment Advisers LLC lowered its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 49.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,654 shares of the network equipment provider's stock after selling 9,296 shares during the period. FNY Investment Advisers LLC's holdings in Cisco Systems were worth $669,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Postrock Partners LLC raised its stake in shares of Cisco Systems by 4.5% during the second quarter. Postrock Partners LLC now owns 3,480 shares of the network equipment provider's stock valued at $241,000 after acquiring an additional 150 shares during the last quarter. Mount Vernon Associates Inc. MD lifted its holdings in Cisco Systems by 0.4% in the second quarter. Mount Vernon Associates Inc. MD now owns 41,379 shares of the network equipment provider's stock valued at $2,871,000 after buying an additional 150 shares during the period. Lion Street Advisors LLC lifted its holdings in Cisco Systems by 0.7% in the second quarter. Lion Street Advisors LLC now owns 20,694 shares of the network equipment provider's stock valued at $1,436,000 after buying an additional 152 shares during the period. Balboa Wealth Partners increased its stake in Cisco Systems by 1.7% in the second quarter. Balboa Wealth Partners now owns 9,150 shares of the network equipment provider's stock valued at $635,000 after purchasing an additional 153 shares in the last quarter. Finally, Pacifica Partners Inc. increased its stake in Cisco Systems by 0.5% in the second quarter. Pacifica Partners Inc. now owns 34,060 shares of the network equipment provider's stock valued at $2,338,000 after purchasing an additional 155 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Insider Activity at Cisco Systems

In other news, EVP Oliver Tuszik sold 17,526 shares of the firm's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $67.95, for a total value of $1,190,891.70. Following the sale, the executive vice president directly owned 198,855 shares in the company, valued at approximately $13,512,197.25. This trade represents a 8.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeetendra I. Patel sold 9,061 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $603,462.60. Following the completion of the sale, the insider owned 237,405 shares in the company, valued at $15,811,173. This represents a 3.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,965 shares of company stock worth $5,559,996 over the last quarter. Corporate insiders own 0.01% of the company's stock.

Analyst Ratings Changes

CSCO has been the subject of a number of recent analyst reports. Wells Fargo & Company upped 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. William Blair raised shares of Cisco Systems to a "hold" rating in a report on Thursday, August 14th. Rosenblatt Securities reaffirmed a "buy" rating and set a $87.00 target price on shares of Cisco Systems in a research note on Thursday, August 14th. Piper Sandler boosted their price objective on shares of Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, August 14th. Finally, UBS Group boosted their price objective on shares of Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Cisco Systems currently has an average rating of "Moderate Buy" and a consensus target price of $74.72.

Cisco Systems Trading Up 0.1%

Shares of CSCO opened at $70.72 on Wednesday. The company has a market cap of $279.57 billion, a P/E ratio of 26.99, a P/E/G ratio of 2.98 and a beta of 0.97. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $72.55. The company's fifty day simple moving average is $68.18 and its 200-day simple moving average is $65.34. 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 (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. During the same quarter last year, the firm posted $0.87 EPS. The firm's 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. As a group, analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The firm 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 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, October 3rd. Cisco Systems's dividend payout ratio is presently 62.60%.

About Cisco Systems

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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