Cisco Systems, Inc. $CSCO is Guinness Asset Management LTD's 6th Largest Position

Key Points

• Guinness Asset Management LTD reduced its holdings in Cisco Systems, Inc. by 14.7%, selling 654,960 shares during the first quarter, now owning approximately 3.79 million shares.
• Cisco's recent quarterly earnings showed an earnings per share of $0.99, surpassing analysts' expectations, with revenue of $14.67 billion, a 7.6% increase year-over-year.
• The company has declared a quarterly dividend of $0.41 per share, with a yield of 2.4%, and an expected dividend payout ratio of 62.60%.

Guinness Asset Management LTD decreased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 14.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,786,597 shares of the network equipment provider's stock after selling 654,960 shares during the period. Cisco Systems comprises 4.5% of Guinness Asset Management LTD's portfolio, making the stock its 6th biggest holding. Guinness Asset Management LTD owned about 0.10% of Cisco Systems worth $233,671,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC lifted its stake in Cisco Systems by 2.9% during the first quarter. Ashton Thomas Securities LLC now owns 5,654 shares of the network equipment provider's stock worth $349,000 after purchasing an additional 159 shares during the period. Greenline Partners LLC increased its holdings in shares of Cisco Systems by 0.5% during the first quarter. Greenline Partners LLC now owns 32,570 shares of the network equipment provider's stock worth $2,010,000 after buying an additional 162 shares in the last quarter. Legacy Financial Group Inc. increased its holdings in shares of Cisco Systems by 3.4% during the fourth quarter. Legacy Financial Group Inc. now owns 5,100 shares of the network equipment provider's stock worth $302,000 after buying an additional 169 shares in the last quarter. Birchbrook Inc. increased its holdings in shares of Cisco Systems by 6.3% during the first quarter. Birchbrook Inc. now owns 2,964 shares of the network equipment provider's stock worth $183,000 after buying an additional 176 shares in the last quarter. Finally, Avalon Trust Co increased its holdings in shares of Cisco Systems by 5.4% during the first quarter. Avalon Trust Co now owns 3,433 shares of the network equipment provider's stock worth $212,000 after buying an additional 177 shares in the last quarter. Institutional investors own 73.33% of the company's stock.

Cisco Systems Stock Down 1.7%

CSCO stock traded down $1.16 during trading on Friday, reaching $66.53. The stock had a trading volume of 18,525,267 shares, compared to its average volume of 16,775,248. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $263.01 billion, a price-to-earnings ratio of 25.39, a P/E/G ratio of 2.84 and a beta of 0.99. Cisco Systems, Inc. has a one year low of $49.67 and a one year high of $72.55. The company's 50 day moving average is $68.24 and its two-hundred day moving average is $64.00.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. The company had revenue of $14.67 billion for the quarter, compared to analysts' expectations of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. Cisco Systems's revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company posted $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. Equities research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

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 given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's dividend payout ratio (DPR) is 62.60%.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, CEO Charles Robbins sold 30,557 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the completion of the sale, the chief executive officer directly owned 639,000 shares in the company, valued at approximately $42,576,570. This trade represents a 4.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Maria Victoria Wong sold 428 shares of Cisco Systems stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $68.25, for a total transaction 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. This represents a 1.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 88,099 shares of company stock worth $5,851,765 in the last 90 days. Insiders own 0.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CSCO shares. CICC Research initiated coverage on shares of Cisco Systems in a report on Monday, July 14th. They issued an "outperform" rating and a $78.00 price target for the company. UBS Group boosted their price target 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. JPMorgan Chase & Co. increased their price objective 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 upped 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. Finally, William Blair raised shares of Cisco Systems to a "hold" rating in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Cisco Systems currently has an average rating of "Moderate Buy" and a consensus target price 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.