Jump Financial LLC Sells 79,166 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Jump Financial LLC significantly reduced its stake in Cisco Systems by 72.3%, owning 30,400 shares worth approximately $1.88 million after selling 79,166 shares in the first quarter.
• Cisco recently announced a quarterly dividend of $0.41 per share, scheduled for payment on October 22nd, representing an annual yield of 2.4%.
• In its latest earnings report, Cisco Systems exceeded expectations with $0.99 EPS compared to the consensus estimate of $0.98, and its revenue for the quarter was reported at $14.67 billion, up 7.6% year-over-year.

Jump Financial LLC reduced its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 72.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,400 shares of the network equipment provider's stock after selling 79,166 shares during the quarter. Jump Financial LLC's holdings in Cisco Systems were worth $1,876,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Navigoe LLC purchased a new position in Cisco Systems during the 4th quarter valued at about $26,000. Mpwm Advisory Solutions LLC acquired a new position in Cisco Systems in the 4th quarter valued at about $26,000. JDM Financial Group LLC raised its stake in Cisco Systems by 160.4% in the 4th quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock valued at $29,000 after purchasing an additional 300 shares during the last quarter. Pandora Wealth Inc. acquired a new position in Cisco Systems in the 1st quarter valued at about $31,000. Finally, Fairway Wealth LLC raised its stake in Cisco Systems by 224.7% in the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock valued at $36,000 after purchasing an additional 400 shares during the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Cisco Systems

In related news, CFO Richard Scott Herren sold 15,678 shares of Cisco Systems stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $65.52, for a total transaction of $1,027,222.56. Following the transaction, the chief financial officer directly owned 309,543 shares of the company's stock, valued at $20,281,257.36. The trade was a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thimaya K. Subaiya sold 8,726 shares of Cisco Systems stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $65.54, for a total value of $571,902.04. Following the transaction, the executive vice president directly owned 174,669 shares in the company, valued at approximately $11,447,806.26. The trade was a 4.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 119,095 shares of company stock valued at $7,841,167. 0.01% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CSCO shares. Morgan Stanley boosted their target price on shares of Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. William Blair raised shares of Cisco Systems to a "hold" rating in a research note on Thursday, August 14th. CICC Research began coverage on shares of Cisco Systems in a research note on Monday, July 14th. They issued an "outperform" rating and a $78.00 target price for the company. KeyCorp began coverage on shares of Cisco Systems in a research note on Thursday, June 26th. They set an "overweight" rating and a $77.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a "hold" rating to a "buy" rating and upped their price objective for the company from $65.00 to $73.00 in a research note on Monday, June 16th. One equities research 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's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $74.53.

Cisco Systems Stock Down 0.5%

Cisco Systems stock traded down $0.34 during trading on Friday, reaching $69.09. 14,952,208 shares of the company's stock were exchanged, compared to its average volume of 21,358,441. The company's 50-day moving average is $68.42 and its two-hundred day moving average is $63.71. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 1.01. Cisco Systems, Inc. has a 52-week low of $47.85 and a 52-week high of $72.55. The firm has a market cap of $273.60 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 2.90 and a beta of 0.91.

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 (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.01. The company had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.02%. Cisco Systems's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the company earned $0.87 earnings per share. 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, analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's dividend payout ratio (DPR) is 62.60%.

Cisco Systems Company 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.