Legacy Private Trust Co. Lowers Stock Holdings in Cisco Systems, Inc. $CSCO

Key Points

• Legacy Private Trust Co. reduced its holdings in Cisco Systems, Inc. by 13.6% in Q2, now owning 29,409 shares valued at $2,040,000 after selling 4,645 shares.
• Insider trading activity included Jeetendra I. Patel selling 9,061 shares at $66.60 each, decreasing his ownership by 3.68%.
• Analysts have adjusted Cisco's price targets, with Morgan Stanley increasing theirs from $67.00 to $70.00, while the average consensus price target now stands at $74.53.

Legacy Private Trust Co. cut its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 13.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 29,409 shares of the network equipment provider's stock after selling 4,645 shares during the period. Legacy Private Trust Co.'s holdings in Cisco Systems were worth $2,040,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CSCO. Ashton Thomas Securities LLC lifted its position in 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 period. Greenline Partners LLC increased its stake in shares of Cisco Systems by 0.5% during the 1st quarter. Greenline Partners LLC now owns 32,570 shares of the network equipment provider's stock valued at $2,010,000 after acquiring an additional 162 shares during the last quarter. Legacy Financial Group Inc. increased its stake in shares of Cisco Systems by 3.4% during the 4th quarter. Legacy Financial Group Inc. now owns 5,100 shares of the network equipment provider's stock valued at $302,000 after acquiring an additional 169 shares during the last quarter. Birchbrook Inc. lifted its holdings in shares of Cisco Systems by 6.3% during the 1st quarter. Birchbrook Inc. now owns 2,964 shares of the network equipment provider's stock worth $183,000 after acquiring an additional 176 shares during the period. Finally, Avalon Trust Co boosted its position in shares of Cisco Systems by 5.4% in the first quarter. Avalon Trust Co now owns 3,433 shares of the network equipment provider's stock worth $212,000 after acquiring an additional 177 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Insider Activity

In related news, insider Jeetendra I. Patel sold 9,061 shares of the business's stock in a transaction dated 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. The trade was a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $68.08, for a total value of $185,041.44. Following the completion of the transaction, the executive vice president directly owned 157,184 shares of the company's stock, valued at $10,701,086.72. This represents a 1.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 88,099 shares of company stock worth $5,851,765 over the last three months. 0.01% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on CSCO. Morgan Stanley increased their price target on shares of Cisco Systems from $67.00 to $70.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. UBS Group lifted their target price on Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Wall Street Zen downgraded Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. HSBC restated a "hold" rating and issued a $69.00 price objective on shares of Cisco Systems in a report on Friday, August 15th. Finally, CICC Research initiated coverage on Cisco Systems in a report on Monday, July 14th. They set an "outperform" rating and a $78.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $74.53.

Cisco Systems Price Performance

CSCO stock opened at $66.53 on Monday. The firm has a market cap of $263.01 billion, a P/E ratio of 25.39, a price-to-earnings-growth ratio of 2.80 and a beta of 0.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. Cisco Systems, Inc. has a 1 year low of $49.67 and a 1 year high of $72.55. The stock has a 50-day simple moving average of $68.24 and a 200-day simple moving average of $64.00.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The firm had revenue of $14.67 billion during the quarter, compared to analysts' expectations of $14.63 billion. During the same quarter in the prior year, the business earned $0.87 EPS. Cisco Systems's quarterly revenue was up 7.6% compared to the same quarter last year. 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 predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

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

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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