PGIM Custom Harvest LLC lowered its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 34.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 7,454 shares of the network equipment provider's stock after selling 3,835 shares during the period. PGIM Custom Harvest LLC's holdings in Cisco Systems were worth $460,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in CSCO. Navigoe LLC acquired a new position in Cisco Systems in the fourth quarter worth about $26,000. Mpwm Advisory Solutions LLC acquired a new position in Cisco Systems in the fourth quarter worth about $26,000. JDM Financial Group LLC raised its position in Cisco Systems by 160.4% in the fourth quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock worth $29,000 after purchasing an additional 300 shares in the last quarter. Pandora Wealth Inc. acquired a new position in Cisco Systems in the first quarter worth about $31,000. Finally, Fairway Wealth LLC raised its position in Cisco Systems by 224.7% in the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.
Cisco Systems Price Performance
Shares of CSCO traded up $0.30 during mid-day trading on Friday, hitting $67.32. 16,826,733 shares of the company traded hands, compared to its average volume of 22,457,022. Cisco Systems, Inc. has a one year low of $47.85 and a one year high of $72.55. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average of $68.20 and a 200 day moving average of $63.56. The stock has a market capitalization of $266.59 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 2.87 and a beta of 0.91.
Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly 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 27.02%. The business had revenue of $14.67 billion for the quarter, compared to analysts' expectations of $14.63 billion. During the same period in the prior year, the firm earned $0.87 earnings per share. Cisco Systems's 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, equities analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.
Cisco Systems Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be paid 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 yield of 2.4%. Cisco Systems's dividend payout ratio (DPR) is presently 62.60%.
Wall Street Analysts Forecast Growth
CSCO has been the subject of several recent research reports. Citigroup increased their price target on shares of Cisco Systems from $68.00 to $71.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Piper Sandler increased their price target on shares of Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. Rosenblatt Securities reissued a "buy" rating and issued a $87.00 price target on shares of Cisco Systems in a research report on Thursday, August 14th. 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 report on Friday, July 18th. Finally, William Blair raised shares of Cisco Systems to a "hold" rating in a report on Thursday, August 14th. One equities research 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $74.53.
Read Our Latest Stock Analysis on CSCO
Insider Transactions at Cisco Systems
In other Cisco Systems news, CEO Charles Robbins sold 30,557 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.63, for a total value of $2,036,012.91. Following the transaction, the chief executive officer directly owned 639,000 shares of the company's stock, valued at approximately $42,576,570. This trade represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 161,662 shares in the company, valued at approximately $10,766,689.20. The trade was a 5.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,118 shares of company stock valued at $8,847,167. 0.01% of the stock is currently owned by company insiders.
About Cisco Systems
(
Free Report)
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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