New England Asset Management Inc. Sells 14,885 Shares of Cisco Systems, Inc. $CSCO

Key Points

• New England Asset Management Inc. reduced its holdings in Cisco Systems by 11.9%, selling 14,885 shares during the first quarter, leaving it with a total of 109,761 shares valued at approximately $6.77 million.
• Several analysts have increased price targets for Cisco, with Wells Fargo raising theirs to $83.00, while the average target price stands at $74.53, indicating a general sentiment of a "Moderate Buy."
• Cisco recently declared a quarterly dividend of $0.41 per share, set to be paid on October 22nd, resulting in an annualized yield of 2.4%.

New England Asset Management Inc. trimmed its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 11.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,761 shares of the network equipment provider's stock after selling 14,885 shares during the period. Cisco Systems makes up 1.1% of New England Asset Management Inc.'s portfolio, making the stock its 25th biggest holding. New England Asset Management Inc.'s holdings in Cisco Systems were worth $6,773,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CSCO. Ashton Thomas Securities LLC increased its holdings in shares of 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 in the last quarter. Greenline Partners LLC increased its holdings in shares of Cisco Systems by 0.5% during the first quarter. Greenline Partners LLC now owns 32,570 shares of the network equipment provider's stock worth $2,010,000 after buying an additional 162 shares in the last quarter. Legacy Financial Group Inc. increased its holdings in shares of Cisco Systems by 3.4% during the fourth quarter. Legacy Financial Group Inc. now owns 5,100 shares of the network equipment provider's stock worth $302,000 after buying an additional 169 shares in the last quarter. Avalon Trust Co increased its holdings in shares of Cisco Systems by 5.4% during the first quarter. Avalon Trust Co now owns 3,433 shares of the network equipment provider's stock worth $212,000 after buying an additional 177 shares in the last quarter. Finally, Rossmore Private Capital increased its holdings in shares of Cisco Systems by 0.3% during the first quarter. Rossmore Private Capital now owns 69,220 shares of the network equipment provider's stock worth $4,272,000 after buying an additional 181 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on CSCO shares. Morgan Stanley raised their price objective on shares of Cisco Systems from $67.00 to $70.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Wells Fargo & Company raised their price target on shares of Cisco Systems from $75.00 to $83.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. JPMorgan Chase & Co. raised their price target on shares of Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. New Street Research reissued a "neutral" rating and issued a $70.00 price target on shares of Cisco Systems in a report on Friday, May 16th. Finally, Wall Street Zen lowered shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Cisco Systems presently has an average rating of "Moderate Buy" and a consensus target price of $74.53.

Insider Activity at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 9,783 shares of Cisco Systems stock in a transaction on Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $651,547.80. Following the transaction, the executive vice president directly owned 161,662 shares of the company's stock, valued at $10,766,689.20. This trade represents a 5.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Thimaya K. Subaiya sold 8,726 shares of Cisco Systems stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $65.54, for a total transaction of $571,902.04. Following the transaction, the executive vice president directly owned 174,669 shares in the company, valued at approximately $11,447,806.26. This represents a 4.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,311 shares of company stock valued at $5,916,823. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Price Performance

CSCO opened at $67.99 on Friday. The company has a fifty day moving average price of $68.47 and a two-hundred day moving average price of $63.87. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 1.01. Cisco Systems, Inc. has a 52 week low of $47.85 and a 52 week high of $72.55. The firm has a market capitalization of $269.24 billion, a PE ratio of 25.95, a P/E/G ratio of 2.87 and a beta of 0.99.

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, topping analysts' consensus estimates of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.02%. The firm had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. During the same quarter in the previous year, the business 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. As a group, analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend 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%.

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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