Cisco Systems, Inc. $CSCO Shares Sold by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services LLC reduced its holdings in Cisco Systems, Inc. by 4.3%, owning 484,981 shares valued at approximately $29.9 million after selling 21,890 shares in the first quarter.
• Institutional investors own 73.33% of Cisco's stock, with notable increases in investments from firms like Laffer Tengler Investments and RPG Investment Advisory.
• Cisco reported a 7.6% increase in revenue year-over-year, posting earnings of $0.99 per share for the quarter, which surpassed the consensus estimate of $0.98.

Kestra Advisory Services LLC reduced its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 484,981 shares of the network equipment provider's stock after selling 21,890 shares during the quarter. Kestra Advisory Services LLC's holdings in Cisco Systems were worth $29,928,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wall Street Zen cut shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. UBS Group increased their target price on shares of Cisco Systems from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Piper Sandler boosted their price target on shares of Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, August 14th. Citigroup upped their price objective on Cisco Systems from $68.00 to $71.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, Deutsche Bank Aktiengesellschaft upgraded Cisco Systems from a "hold" rating to a "buy" rating and lifted their target price for the company from $65.00 to $73.00 in a report on Monday, June 16th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.53.

Cisco Systems Stock Up 0.4%

Cisco Systems stock traded up $0.30 during midday trading on Friday, reaching $67.32. The company's stock had a trading volume of 16,826,733 shares, compared to its average volume of 22,457,022. The company has a market cap of $266.59 billion, a P/E ratio of 25.69, a P/E/G ratio of 2.87 and a beta of 0.91. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.49. The business has a 50-day simple moving average of $68.20 and a 200-day simple moving average of $63.56. Cisco Systems, Inc. has a fifty-two week low of $47.85 and a fifty-two week high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. Cisco Systems had a return on equity of 27.02% and a net margin of 18.45%.The business had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. During the same quarter in the prior year, the business posted $0.87 EPS. The business'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. On average, research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The business 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 dividend of $0.41 per share. The ex-dividend date of this dividend 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%.

Insider Buying and Selling at Cisco Systems

In related news, SVP Maria Victoria Wong sold 475 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $68.61, for a total value of $32,589.75. Following the completion of the sale, the senior vice president directly owned 34,630 shares of the company's stock, valued at $2,375,964.30. The trade was a 1.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeetendra I. Patel sold 9,061 shares of the company'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 owned 237,405 shares of the company's stock, valued at $15,811,173. This represents a 3.68% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,118 shares of company stock worth $8,847,167. 0.01% of the stock is owned by insiders.

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.