NBT Bank N A NY Has $11.09 Million Position in Cisco Systems, Inc. $CSCO

Key Points

• NBT Bank N A NY has decreased its position in Cisco Systems by 4.5%, owning 159,858 shares worth approximately $11.09 million after selling 7,473 shares in the latest quarter.
• Cisco Systems has reported a net margin of 18.45% and a quarterly revenue of $14.67 billion, surpassing analyst estimates.
• The company will pay a quarterly dividend of $0.41 on October 22, representing an annual yield of 2.4%, with an ex-dividend date of October 3.

NBT Bank N A NY lowered its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 4.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 159,858 shares of the network equipment provider's stock after selling 7,473 shares during the quarter. NBT Bank N A NY's holdings in Cisco Systems were worth $11,091,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS raised its position in shares of Cisco Systems by 0.7% in the first quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider's stock valued at $55,049,000 after purchasing an additional 6,501 shares during the period. Golden State Wealth Management LLC raised its position in shares of Cisco Systems by 10.8% in the first quarter. Golden State Wealth Management LLC now owns 6,298 shares of the network equipment provider's stock valued at $389,000 after purchasing an additional 612 shares during the period. Acadian Asset Management LLC raised its position in shares of Cisco Systems by 255.9% in the first quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider's stock valued at $482,509,000 after purchasing an additional 5,622,672 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Cisco Systems by 28.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,037,909 shares of the network equipment provider's stock valued at $249,180,000 after purchasing an additional 904,548 shares during the period. Finally, Banque Pictet & Cie SA raised its position in shares of Cisco Systems by 1.0% in the second quarter. Banque Pictet & Cie SA now owns 55,168 shares of the network equipment provider's stock valued at $3,813,000 after purchasing an additional 535 shares during the period. Institutional investors and hedge funds own 73.33% of the company's stock.

Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 7,511 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $66.84, for a total value of $502,035.24. Following the transaction, the executive vice president directly owned 161,467 shares of the company's stock, valued at $10,792,454.28. This trade represents a 4.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Oliver Tuszik sold 17,526 shares of the firm's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the completion of the sale, the executive vice president owned 198,855 shares in the company, valued at approximately $13,512,197.25. The trade was a 8.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,965 shares of company stock worth $5,559,996. Corporate insiders own 0.01% of the company's stock.

Cisco Systems Price Performance

CSCO stock opened at $68.99 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $72.55. The firm has a market cap of $272.73 billion, a P/E ratio of 26.33, a P/E/G ratio of 2.90 and a beta of 0.97. The company's 50-day moving average price is $68.14 and its two-hundred day moving average price is $64.71.

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

Cisco Systems Announces Dividend

The company also recently announced 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. 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 dividend payout ratio (DPR) is currently 62.60%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. William Blair raised shares of Cisco Systems to a "hold" rating in a research report on Thursday, August 14th. HSBC reissued a "hold" rating and issued a $69.00 price objective on shares of Cisco Systems in a research report on Friday, August 15th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Cisco Systems in a research report on Saturday, September 27th. Rosenblatt Securities reaffirmed a "buy" rating and set a $87.00 price target on shares of Cisco Systems in a research report on Thursday, August 14th. Finally, UBS Group raised their price target on shares of Cisco Systems from $70.00 to $74.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Cisco Systems presently has an average rating of "Moderate Buy" and a consensus price target of $74.53.

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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