Granite Group Advisors LLC Reduces Stake in Cisco Systems, Inc. $CSCO

Key Points

• Granite Group Advisors LLC reduced its stake in Cisco Systems by 37.9%, ending the quarter with 13,458 shares, valued at approximately $934,000.
• Insider selling occurred with executives Deborah L. Stahlkopf and Jeetendra I. Patel selling 9,783 and 9,061 shares, respectively, both at an average price of $66.60.
• Cisco Systems recently announced a quarterly dividend of $0.41 per share, to be paid on October 22nd, representing an annualized yield of 2.4%.

Granite Group Advisors LLC lessened its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 37.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,458 shares of the network equipment provider's stock after selling 8,230 shares during the quarter. Cisco Systems comprises 0.6% of Granite Group Advisors LLC's portfolio, making the stock its 27th largest holding. Granite Group Advisors LLC's holdings in Cisco Systems were worth $934,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Financial Connections Group Inc. raised its holdings in shares of Cisco Systems by 89.4% in the 2nd quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider's stock valued at $28,000 after acquiring an additional 193 shares in the last quarter. Pandora Wealth Inc. purchased a new stake in Cisco Systems in the first quarter valued at approximately $31,000. Nova Wealth Management Inc. bought a new stake in Cisco Systems during the first quarter valued at approximately $31,000. Brown Shipley& Co Ltd purchased a new position in Cisco Systems in the 2nd quarter worth approximately $32,000. Finally, Fairway Wealth LLC increased its holdings in shares of Cisco Systems by 224.7% in the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after buying an additional 400 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 9,783 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $651,547.80. Following the completion of the sale, the executive vice president owned 161,662 shares in the company, valued at approximately $10,766,689.20. This trade represents a 5.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeetendra I. Patel sold 9,061 shares of the business's stock in a transaction that occurred on 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 directly owned 237,405 shares in the company, valued at $15,811,173. This trade represents a 3.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,965 shares of company stock worth $5,559,996 over the last three months. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Price Performance

CSCO opened at $68.66 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The stock's 50 day simple moving average is $68.24 and its 200 day simple moving average is $64.98. The firm has a market cap of $271.43 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 2.84 and a beta of 0.97. 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 issued its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (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 firm had revenue of $14.67 billion for the quarter, compared to analysts' expectations of $14.63 billion. During the same quarter last year, the business earned $0.87 earnings per share. The business's revenue was up 7.6% on a year-over-year basis. 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 predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Hsbc Global Res lowered shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Rosenblatt Securities reaffirmed a "buy" rating and set a $87.00 price target on shares of Cisco Systems in a research note on Thursday, August 14th. KeyCorp began coverage on Cisco Systems in a report on Thursday, June 26th. They issued an "overweight" rating and a $77.00 price objective for the company. Piper Sandler raised their price objective on Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" rating in a report on Thursday, August 14th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Cisco Systems in a research 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 assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $74.72.

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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