Metropolis Capital Ltd Sells 765,601 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Metropolis Capital Ltd sold 765,601 shares of Cisco Systems, reducing its stake by 29.9%, and now holds 1,795,512 shares worth approximately $124.57 million, representing 3.9% of its portfolio.
• Cisco's stock was rated positively by several analysts, with price targets raised to between $71 and $87, reflecting an overall consensus of a "Moderate Buy" rating.
• The company announced a quarterly dividend of $0.41 per share, scheduled for payment on October 22nd, resulting in an annualized yield of 2.4% based on current figures.

Metropolis Capital Ltd lessened its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 29.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,795,512 shares of the network equipment provider's stock after selling 765,601 shares during the period. Cisco Systems accounts for about 3.9% of Metropolis Capital Ltd's portfolio, making the stock its 12th biggest position. Metropolis Capital Ltd's holdings in Cisco Systems were worth $124,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in CSCO. Pandora Wealth Inc. bought a new position in Cisco Systems during the 1st quarter worth $31,000. Nova Wealth Management Inc. bought a new position in shares of Cisco Systems in the 1st quarter valued at $31,000. Brown Shipley& Co Ltd bought a new position in shares of Cisco Systems in the 2nd quarter valued at $32,000. Fairway Wealth LLC increased its stake in shares of 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. Finally, Accent Capital Management LLC bought a new position in shares of Cisco Systems in the 1st quarter valued at $36,000. Institutional investors own 73.33% of the company's stock.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 2,718 shares of Cisco Systems stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $68.08, for a total transaction of $185,041.44. Following the sale, the executive vice president directly owned 157,184 shares of the company's stock, valued at approximately $10,701,086.72. The trade was a 1.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Thimaya K. Subaiya sold 1,744 shares of Cisco Systems stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $66.78, for a total value of $116,464.32. Following the sale, the executive vice president directly owned 158,009 shares in the company, valued at approximately $10,551,841.02. The trade was a 1.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,965 shares of company stock worth $5,559,996. Insiders own 0.01% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CSCO shares. Barclays lifted their price target on Cisco Systems from $66.00 to $71.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. Bank of America raised 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 raised 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. Rosenblatt Securities reissued a "buy" rating and set a $87.00 price objective on shares of Cisco Systems in a report on Thursday, August 14th. Finally, UBS Group raised their price objective on Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. 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 stock. According to MarketBeat, Cisco Systems currently has an average rating of "Moderate Buy" and a consensus target price of $74.53.

Cisco Systems Stock Up 0.5%

NASDAQ CSCO opened at $68.75 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The stock has a market capitalization of $271.78 billion, a PE ratio of 26.24, a PEG ratio of 2.88 and a beta of 0.97. Cisco Systems, Inc. has a 1 year low of $52.11 and a 1 year high of $72.55. The business's 50-day moving average is $68.12 and its 200 day moving average is $64.46.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.01. The company had revenue of $14.67 billion for the quarter, compared to analysts' expectations of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.Cisco Systems's quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm 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. Sell-side analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current 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 given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's payout ratio 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.

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