Jacobs & Co. CA Trims Stock Position in Cisco Systems, Inc. $CSCO

Key Points

• Jacobs & Co. CA reduced its stake in Cisco Systems by 7.7%, owning 82,356 shares valued at $5.71 million after selling 6,898 shares in Q2.
• Cisco Systems reported a quarterly EPS of $0.99, exceeding expectations, with a revenue of $14.67 billion, showing a 7.6% year-over-year increase.
• Insider trading activity included sales by the CEO and an insider, reducing their shares, with total insider sales amounting to $5.85 million in the last 90 days.

Jacobs & Co. CA lowered its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 7.7% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 82,356 shares of the network equipment provider's stock after selling 6,898 shares during the period. Jacobs & Co. CA's holdings in Cisco Systems were worth $5,713,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Ashton Thomas Securities LLC grew its holdings in shares of 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 buying an additional 159 shares during the last quarter. Greenline Partners LLC grew 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 during the last quarter. Legacy Financial Group Inc. grew 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 during the last quarter. Birchbrook Inc. grew 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 during the last quarter. Finally, Avalon Trust Co grew 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 during the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Cisco Systems Price Performance

CSCO stock opened at $66.53 on Friday. The firm has a 50 day moving average of $68.24 and a 200-day moving average of $64.00. Cisco Systems, Inc. has a 12-month low of $49.67 and a 12-month high of $72.55. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. The company has a market cap of $263.01 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 2.84 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings results 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. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. During the same period last year, the firm earned $0.87 EPS. The company's revenue for the quarter was up 7.6% on a year-over-year basis. 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 analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders 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 dividend yield of 2.5%. The ex-dividend date is Friday, October 3rd. Cisco Systems's dividend payout ratio (DPR) is presently 62.60%.

Insider Activity at Cisco Systems

In related 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 completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Charles Robbins sold 30,557 shares of Cisco Systems stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.63, for a total value of $2,036,012.91. Following the transaction, the chief executive officer owned 639,000 shares of the company's stock, valued at $42,576,570. This represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 88,099 shares of company stock worth $5,851,765. 0.01% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. CICC Research assumed coverage on Cisco Systems in a report on Monday, July 14th. They issued an "outperform" rating and a $78.00 price objective on the stock. Bank of America lifted their price objective on Cisco Systems from $76.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Wells Fargo & Company lifted their price objective on Cisco Systems from $75.00 to $83.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. HSBC reaffirmed a "hold" rating and issued a $69.00 price objective on shares of Cisco Systems in a report on Friday, August 15th. Finally, Deutsche Bank Aktiengesellschaft raised Cisco Systems from a "hold" rating to a "buy" rating and lifted their price objective for the company from $65.00 to $73.00 in a report on Monday, June 16th. One investment 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's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.

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