Mitchell Sinkler & Starr PA Sells 20,406 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Mitchell Sinkler & Starr PA drastically reduced its stake in Cisco Systems by 68.9% in Q2, selling 20,406 shares, which now leaves them with 9,220 shares valued at $640,000.
• Several hedge funds have adjusted their holdings in Cisco, with notable increases by SPC Financial Inc. and CWM LLC, among others, indicating a mixed investment sentiment.
• Analysts have provided a generally positive outlook on Cisco, with multiple firms raising their price targets, leading to a consensus rating of "Moderate Buy" and an average target price of $74.89.

Mitchell Sinkler & Starr PA reduced its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 68.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,220 shares of the network equipment provider's stock after selling 20,406 shares during the period. Mitchell Sinkler & Starr PA's holdings in Cisco Systems were worth $640,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. SPC Financial Inc. lifted its position in shares of Cisco Systems by 1.5% in the 2nd quarter. SPC Financial Inc. now owns 49,407 shares of the network equipment provider's stock worth $3,428,000 after purchasing an additional 753 shares during the period. CWM LLC lifted its position in shares of Cisco Systems by 2.2% in the 2nd quarter. CWM LLC now owns 1,187,375 shares of the network equipment provider's stock worth $82,380,000 after purchasing an additional 25,507 shares during the period. Transcendent Capital Group LLC purchased a new stake in shares of Cisco Systems in the 2nd quarter worth approximately $232,000. Board of the Pension Protection Fund lifted its position in shares of Cisco Systems by 93.5% in the 2nd quarter. Board of the Pension Protection Fund now owns 24,000 shares of the network equipment provider's stock worth $1,665,000 after purchasing an additional 11,600 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of Cisco Systems by 16.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 621,032 shares of the network equipment provider's stock worth $43,125,000 after purchasing an additional 89,639 shares during the period. 73.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CSCO shares. Evercore ISI upped their price target on shares of Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a research report on Thursday, August 14th. Bank of America upped their price target on shares of Cisco Systems from $76.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Cisco Systems in a research report on Wednesday. Piper Sandler increased their target price on shares of Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, August 14th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a "hold" rating to a "buy" rating and increased their target price for the company from $65.00 to $73.00 in a research report on Monday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Cisco Systems currently has an average rating of "Moderate Buy" and a consensus price target of $74.89.

Cisco Systems Trading Down 2.9%

NASDAQ CSCO opened at $67.94 on Friday. The company has a fifty day simple moving average of $68.24 and a two-hundred day simple moving average of $64.88. The stock has a market cap of $268.58 billion, a P/E ratio of 25.93, a P/E/G ratio of 2.86 and a beta of 0.97. Cisco Systems, Inc. has a 12-month low of $52.11 and a 12-month high of $72.55. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49.

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

Cisco Systems Dividend Announcement

The business also recently declared 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 of this dividend is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. Cisco Systems's dividend payout ratio (DPR) is currently 62.60%.

Insiders Place Their Bets

In other Cisco Systems news, 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 of the company's stock, valued at approximately $10,766,689.20. This trade represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Thimaya K. Subaiya sold 7,511 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $66.84, for a total transaction of $502,035.24. Following the completion of the sale, the executive vice president owned 161,467 shares in the company, valued at $10,792,454.28. The trade was a 4.44% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,965 shares of company stock valued at $5,559,996. Corporate insiders own 0.01% of the company's stock.

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.

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