HB Wealth Management LLC Sells 12,156 Shares of Cisco Systems, Inc. $CSCO

Key Points

• HB Wealth Management LLC reduced its stake in Cisco Systems, Inc. by 3.1%, selling 12,156 shares during the 2nd quarter, leaving them with 374,690 shares valued at approximately $25 million.
• When it comes to institutional investments, Goldman Sachs Group Inc. significantly increased their holdings in Cisco by 37.4%, now owning nearly 47 million shares worth around $2.9 billion.
• Cisco reported earnings of $0.99 per share for the last quarter, surpassing estimates and indicating a 7.6% year-over-year revenue growth.

HB Wealth Management LLC lessened its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 3.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 374,690 shares of the network equipment provider's stock after selling 12,156 shares during the period. HB Wealth Management LLC's holdings in Cisco Systems were worth $25,996,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CSCO. Kingstone Capital Partners Texas LLC bought a new position in shares of Cisco Systems in the 2nd quarter worth approximately $904,542,000. Goldman Sachs Group Inc. increased its holdings in Cisco Systems by 37.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider's stock worth $2,898,722,000 after acquiring an additional 12,775,066 shares in the last quarter. Nuveen LLC purchased a new stake in Cisco Systems in the 1st quarter worth approximately $750,495,000. Pacer Advisors Inc. increased its holdings in Cisco Systems by 1,144.2% in the 1st quarter. Pacer Advisors Inc. now owns 8,120,886 shares of the network equipment provider's stock worth $501,140,000 after acquiring an additional 7,468,212 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in Cisco Systems by 255.9% in the 1st quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider's stock worth $482,509,000 after acquiring an additional 5,622,672 shares in the last quarter. Institutional investors own 73.33% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Bank of America increased their target price on shares of Cisco Systems from $76.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a "hold" rating to a "buy" rating and increased their target price for the stock from $65.00 to $73.00 in a report on Monday, June 16th. Morgan Stanley increased their target price on shares of Cisco Systems from $67.00 to $70.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Piper Sandler increased their target price on shares of Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Finally, Wolfe Research started coverage on shares of Cisco Systems in a report on Tuesday, July 8th. They issued a "peer perform" rating for the company. One research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $74.53.

Insider Transactions at Cisco Systems

In related news, EVP Deborah L. Stahlkopf sold 9,783 shares of the firm's stock in a transaction on Friday, August 15th. The shares were 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 directly owned 161,662 shares of the company's stock, valued at approximately $10,766,689.20. This trade represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeetendra I. Patel sold 9,061 shares of the firm's stock in a transaction 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 completion of the transaction, the insider directly owned 237,405 shares of the company's stock, valued at approximately $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 sold a total of 82,965 shares of company stock valued at $5,559,996 in the last 90 days. Company insiders own 0.01% of the company's stock.

Cisco Systems Trading Up 0.7%

Shares of CSCO opened at $67.72 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. Cisco Systems, Inc. has a 1 year low of $52.11 and a 1 year high of $72.55. The company has a 50 day simple moving average of $68.11 and a two-hundred day simple moving average of $64.41. The firm has a market cap of $267.71 billion, a P/E ratio of 25.85, a price-to-earnings-growth ratio of 2.83 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. The business had revenue of $14.67 billion during 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 27.06%. The company's revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm 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, equities analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm 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 $0.41 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. Cisco Systems's dividend payout ratio (DPR) is 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.

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