Cisco Systems, Inc. $CSCO Shares Sold by Guggenheim Capital LLC

Key Points

• Guggenheim Capital LLC reduced its stake in Cisco Systems by 15.6%, now owning approximately $114.05 million in shares, which is about 1% of their overall portfolio.
• Several institutional investors, including Goldman Sachs, have significantly increased their holdings in Cisco, with Goldman Sachs raising its position by 37.4% during the same quarter.
• Cisco Systems announced a quarterly dividend of $0.41 per share, providing a yield of 2.4%, with the ex-dividend date set for October 3rd.

Guggenheim Capital LLC reduced its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 15.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,848,209 shares of the network equipment provider's stock after selling 342,535 shares during the period. Cisco Systems accounts for 1.0% of Guggenheim Capital LLC's holdings, making the stock its 11th biggest holding. Guggenheim Capital LLC's holdings in Cisco Systems were worth $114,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. CreativeOne Wealth LLC boosted its stake in shares of Cisco Systems by 21.5% during the first quarter. CreativeOne Wealth LLC now owns 79,421 shares of the network equipment provider's stock valued at $4,901,000 after purchasing an additional 14,067 shares in the last quarter. Ieq Capital LLC grew its holdings in shares of Cisco Systems by 7.3% during the first quarter. Ieq Capital LLC now owns 289,224 shares of the network equipment provider's stock valued at $17,848,000 after buying an additional 19,707 shares during the last quarter. Warwick Investment Management Inc. purchased a new stake in Cisco Systems in the first quarter valued at $258,000. Samalin Investment Counsel LLC boosted its holdings in Cisco Systems by 34.1% in the first quarter. Samalin Investment Counsel LLC now owns 5,191 shares of the network equipment provider's stock valued at $320,000 after purchasing an additional 1,319 shares during the last quarter. Finally, FORA Capital LLC acquired a new position in shares of Cisco Systems in the first quarter worth about $17,303,000. 73.33% of the stock is currently owned by institutional investors.

Insider Activity

In other Cisco Systems news, insider Jeetendra I. Patel sold 9,061 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $603,462.60. Following the transaction, the insider owned 237,405 shares of the company's stock, valued at $15,811,173. This trade represents a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Maria Victoria Wong sold 3,162 shares of the firm's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $67.28, for a total transaction of $212,739.36. Following the completion of the transaction, the senior vice president directly owned 31,468 shares in the company, valued at approximately $2,117,167.04. This represents a 9.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 119,095 shares of company stock valued at $7,841,167 in the last 90 days. Insiders own 0.01% of the company's stock.

Cisco Systems Price Performance

Shares of CSCO stock traded down $0.34 during trading hours on Friday, hitting $69.09. The company's stock had a trading volume of 14,952,208 shares, compared to its average volume of 21,358,441. The business has a fifty day moving average of $68.42 and a 200-day moving average of $63.71. The stock has a market cap of $273.60 billion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 2.90 and a beta of 0.91. Cisco Systems, Inc. has a twelve month low of $47.85 and a twelve month high of $72.55. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.98 by $0.01. The business had revenue of $14.67 billion for 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 27.02%. The company's quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.87 earnings per share. 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, equities research analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently issued reports on CSCO shares. Wolfe Research began coverage on shares of Cisco Systems in a research note on Tuesday, July 8th. They set a "peer perform" rating for the company. Evercore ISI raised their price target on shares of Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a research report on Thursday, August 14th. Hsbc Global Res cut shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. William Blair raised shares of Cisco Systems to a "hold" rating in a research report on Thursday, August 14th. Finally, New Street Research reaffirmed a "neutral" rating and issued a $70.00 target price on shares of Cisco Systems in a report on Friday, May 16th. One equities 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $74.53.

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.