Cisco Systems, Inc. $CSCO Shares Sold by Fulton Bank N.A.

Key Points

• Fulton Bank N.A. reduced its stake in Cisco Systems by 4.9% during Q2, selling 6,720 shares and holding 130,108 shares worth approximately $9.03 million at the end of the quarter.
• Cisco's recent earnings report disclosed an EPS of $0.99, exceeding expectations and reflecting a 7.6% revenue increase year-over-year, with total revenue for the quarter at $14.67 billion.
• A quarterly dividend of $0.41 per share has been declared, with a scheduled payment on October 22nd and a current annualized yield of 2.4%.

Fulton Bank N.A. lowered its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 4.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 130,108 shares of the network equipment provider's stock after selling 6,720 shares during the quarter. Fulton Bank N.A.'s holdings in Cisco Systems were worth $9,027,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC grew its holdings in shares of Cisco Systems by 2.9% in the 1st quarter. Ashton Thomas Securities LLC now owns 5,654 shares of the network equipment provider's stock worth $349,000 after acquiring an additional 159 shares during the last quarter. Central Valley Advisors LLC lifted its stake in shares of Cisco Systems by 2.6% in the 2nd quarter. Central Valley Advisors LLC now owns 6,303 shares of the network equipment provider's stock valued at $437,000 after purchasing an additional 159 shares during the period. Capital Advisory Group Advisory Services LLC increased its holdings in Cisco Systems by 1.1% during the 2nd quarter. Capital Advisory Group Advisory Services LLC now owns 14,291 shares of the network equipment provider's stock worth $992,000 after purchasing an additional 159 shares in the last quarter. Boltwood Capital Management grew its holdings in shares of Cisco Systems by 1.4% in the 2nd quarter. Boltwood Capital Management now owns 11,593 shares of the network equipment provider's stock valued at $804,000 after acquiring an additional 160 shares in the last quarter. Finally, Sapient Capital LLC lifted its stake in Cisco Systems by 0.6% in the 2nd quarter. Sapient Capital LLC now owns 24,957 shares of the network equipment provider's stock valued at $1,732,000 after purchasing an additional 160 shares during the last quarter. Institutional investors own 73.33% of the company's stock.

Cisco Systems Stock Performance

CSCO stock traded down $0.47 during trading on Friday, reaching $68.21. The company had a trading volume of 47,786,669 shares, compared to its average volume of 15,962,866. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. Cisco Systems, Inc. has a twelve month low of $51.42 and a twelve month high of $72.55. The firm has a 50-day simple moving average of $68.14 and a 200-day simple moving average of $64.10. The company has a market cap of $269.65 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 2.89 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. The firm 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%. The business's quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm 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. As a group, sell-side analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

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

Insider Activity

In other Cisco Systems news, insider Jeetendra I. Patel sold 9,061 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $603,462.60. Following the transaction, the insider owned 237,405 shares of the company's stock, valued at $15,811,173. This represents a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of the company'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 $651,547.80. Following the completion of the transaction, the executive vice president directly owned 161,662 shares in the company, valued at $10,766,689.20. The trade was a 5.71% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,439 shares of company stock worth $4,369,104. Insiders own 0.01% of the company's stock.

Wall Street Analysts Forecast Growth

CSCO has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Cisco Systems from $73.00 to $78.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Evercore ISI increased their target price on shares of Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a report on Thursday, August 14th. KeyCorp initiated coverage on shares of Cisco Systems in a research report on Thursday, June 26th. They issued an "overweight" rating and a $77.00 target price for the company. Hsbc Global Res cut shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Finally, Wolfe Research assumed coverage on shares of Cisco Systems in a research report on Tuesday, July 8th. They set a "peer perform" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $74.53.

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.