Harvest Portfolios Group Inc. Decreases Stake in Cisco Systems, Inc. $CSCO

Key Points

• Harvest Portfolios Group Inc. has reduced its stake in Cisco Systems, Inc. by 2.3%, now holding 736,278 shares valued at approximately $45.4 million, making it the 29th largest position in their portfolio.
• Insider trading activity showed that executives sold significant shares of Cisco on August 15th, with total sales exceeding $1.25 million.
• Cisco's latest earnings report exceeded expectations with an EPS of $0.99, and the company raised its Q1 2026 EPS guidance to between 0.970 and 0.990.

Harvest Portfolios Group Inc. trimmed its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 2.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 736,278 shares of the network equipment provider's stock after selling 17,642 shares during the quarter. Cisco Systems comprises approximately 1.3% of Harvest Portfolios Group Inc.'s portfolio, making the stock its 29th biggest position. Harvest Portfolios Group Inc.'s holdings in Cisco Systems were worth $45,436,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CSCO. Navigoe LLC purchased a new stake in Cisco Systems in the fourth quarter valued at approximately $26,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Cisco Systems during the fourth quarter worth approximately $26,000. JDM Financial Group LLC raised its stake in shares of Cisco Systems by 160.4% during the fourth quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock worth $29,000 after purchasing an additional 300 shares during the last quarter. Pandora Wealth Inc. purchased a new stake in shares of Cisco Systems during the first quarter worth approximately $31,000. Finally, Fairway Wealth LLC raised its stake in shares of Cisco Systems by 224.7% during the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after purchasing an additional 400 shares during the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, insider Jeetendra I. Patel sold 9,061 shares of Cisco Systems stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $603,462.60. Following the sale, the insider directly owned 237,405 shares in the company, valued at $15,811,173. The trade was a 3.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of Cisco Systems 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 transaction, the executive vice president owned 161,662 shares of the company's stock, valued at approximately $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 quarter, insiders sold 135,118 shares of company stock worth $8,847,167. Insiders own 0.01% of the company's stock.

Analyst Ratings Changes

CSCO has been the topic of a number of recent analyst reports. Wall Street Zen lowered Cisco Systems from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Evercore ISI upped their price objective on Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a report on Thursday, August 14th. KeyCorp initiated coverage on Cisco Systems in a report on Thursday, June 26th. They issued an "overweight" rating and a $77.00 target price on the stock. New Street Research reissued a "neutral" rating and issued a $70.00 target price on shares of Cisco Systems in a report on Friday, May 16th. Finally, William Blair raised 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 issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $74.53.

Cisco Systems Stock Performance

NASDAQ CSCO opened at $67.14 on Tuesday. The business's 50-day moving average price is $68.23 and its 200 day moving average price is $63.60. Cisco Systems, Inc. has a twelve month low of $47.85 and a twelve month high of $72.55. The company has a market capitalization of $265.87 billion, a PE ratio of 25.63, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91. 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 data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. The company had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a return on equity of 27.02% and a net margin of 18.45%.The company's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business 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. On average, research analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems's dividend payout ratio (DPR) 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.

Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.