Haverford Trust Co Sells 138,082 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Haverford Trust Co reduced its stake in Cisco Systems by 11.5%, selling 138,082 shares during the first quarter, leaving it with approximately $65.4 million in holdings.
• Insider transactions saw CEO Charles Robbins sell 30,557 shares recently, reducing his ownership by 4.56%, while overall insiders sold 135,118 shares valued at nearly $8.85 million in the last three months.
• Several analysts have upgraded Cisco's rating, with Wells Fargo raising its target price from $75.00 to $83.00 and maintaining an 'overweight' rating, while Cisco holds a consensus rating of 'Moderate Buy'.

Haverford Trust Co reduced its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 11.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,059,833 shares of the network equipment provider's stock after selling 138,082 shares during the period. Haverford Trust Co's holdings in Cisco Systems were worth $65,402,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in Cisco Systems by 49.5% in the 4th quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider's stock valued at $4,392,000 after acquiring an additional 24,562 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Cisco Systems by 37.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider's stock valued at $542,000 after acquiring an additional 2,474 shares in the last quarter. Topsail Wealth Management LLC acquired a new position in Cisco Systems in the 4th quarter valued at $333,000. Rothschild Capital Partners LLC acquired a new position in Cisco Systems in the 4th quarter valued at $310,000. Finally, UP Strategic Wealth Investment Advisors LLC acquired a new position in Cisco Systems in the 4th quarter valued at $289,000. 73.33% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 7,511 shares of the company's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $66.84, for a total value of $502,035.24. Following the sale, the executive vice president owned 161,467 shares in the company, valued at approximately $10,792,454.28. The trade was a 4.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Charles Robbins sold 30,557 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.63, for a total value of $2,036,012.91. Following the completion of the sale, the chief executive officer owned 639,000 shares in the company, valued at $42,576,570. This trade represents a 4.56% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,118 shares of company stock worth $8,847,167. 0.01% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered Cisco Systems from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Wells Fargo & Company lifted their price target on Cisco Systems from $75.00 to $83.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Wolfe Research assumed coverage on Cisco Systems in a research note on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Citigroup lifted their price target on Cisco Systems from $68.00 to $71.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Finally, Hsbc Global Res lowered Cisco Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. One 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 company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $74.53.

Cisco Systems Price Performance

CSCO stock traded up $0.30 during midday trading on Friday, reaching $67.32. 16,826,733 shares of the stock were exchanged, compared to its average volume of 22,719,050. The stock has a market capitalization of $266.59 billion, a PE ratio of 25.69, a P/E/G ratio of 2.75 and a beta of 0.91. Cisco Systems, Inc. has a 52 week low of $47.85 and a 52 week high of $72.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.01 and a quick ratio of 0.92. The company has a fifty day moving average price of $68.20 and a 200 day moving average price of $63.57.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 27.02% and a net margin of 18.45%.Cisco Systems's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous 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. As a group, analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently disclosed 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 payout ratio is currently 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.