Cisco Systems, Inc. $CSCO Shares Sold by Kelly Lawrence W & Associates Inc. CA

Key Points

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Kelly Lawrence W & Associates Inc. CA lessened its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 6.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,187 shares of the network equipment provider's stock after selling 3,875 shares during the quarter. Kelly Lawrence W & Associates Inc. CA's holdings in Cisco Systems were worth $3,344,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Legacy Financial Group Inc. increased its holdings in Cisco Systems by 3.4% in the 4th 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 period. Capital Advantage Inc. boosted its position in Cisco Systems by 1.0% in the 4th quarter. Capital Advantage Inc. now owns 17,361 shares of the network equipment provider's stock worth $1,028,000 after purchasing an additional 172 shares in the last quarter. Avalon Trust Co boosted its position in Cisco Systems by 5.4% in the 1st quarter. Avalon Trust Co now owns 3,433 shares of the network equipment provider's stock worth $212,000 after purchasing an additional 177 shares in the last quarter. Rossmore Private Capital boosted its position in Cisco Systems by 0.3% in the 1st quarter. Rossmore Private Capital now owns 69,220 shares of the network equipment provider's stock worth $4,272,000 after purchasing an additional 181 shares in the last quarter. Finally, GSG Advisors LLC boosted its position in Cisco Systems by 4.8% in the 1st quarter. GSG Advisors LLC now owns 4,023 shares of the network equipment provider's stock worth $234,000 after purchasing an additional 183 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Insider Buying and Selling

In other Cisco Systems news, insider Jeetendra I. Patel sold 9,061 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $603,462.60. Following the transaction, the insider owned 237,405 shares in the company, valued at approximately $15,811,173. This trade represents a 3.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 owned 161,662 shares in the company, valued at $10,766,689.20. The trade was a 5.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,118 shares of company stock worth $8,847,167 in the last ninety days. Company insiders own 0.01% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Bank of America upped their price objective on Cisco Systems from $76.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Morgan Stanley upped their price objective on Cisco Systems from $67.00 to $70.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. CICC Research began coverage on Cisco Systems in a research report on Monday, July 14th. They set an "outperform" rating and a $78.00 target price on the stock. UBS Group increased their target price on Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Finally, Barclays increased their target price on Cisco Systems from $66.00 to $71.00 and gave the company an "equal weight" rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $74.53.

Cisco Systems Price Performance

CSCO stock traded up $0.30 during midday trading on Friday, reaching $67.32. The stock had a trading volume of 16,826,733 shares, compared to its average volume of 22,457,022. The company's fifty day simple moving average is $68.20 and its 200 day simple moving average is $63.56. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49. The company has a market cap of $266.59 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of 2.87 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.

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 for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. The company 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%.The firm's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter 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. As a group, sell-side analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be issued a $0.41 dividend. 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 dividend payout ratio (DPR) is presently 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.