Pzena Investment Management LLC Cuts Position in Cisco Systems, Inc. $CSCO

Key Points

• Pzena Investment Management LLC has reduced its holdings in Cisco Systems, Inc. by 12.5%, selling 229,467 shares in the second quarter, now owning 1,599,953 shares worth $111 million.
• Several hedge funds have increased their positions in Cisco, with Brighton Jones LLC notably raising its stake by 49.5% in the fourth quarter.
• Cisco Systems recently announced a quarterly dividend of $0.41 per share, with an annualized yield of 2.4%, set to be paid out on October 22nd.

Pzena Investment Management LLC decreased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 12.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,599,953 shares of the network equipment provider's stock after selling 229,467 shares during the quarter. Pzena Investment Management LLC's holdings in Cisco Systems were worth $111,005,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CSCO. Brighton Jones LLC increased its position in shares of Cisco Systems by 49.5% in the fourth quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider's stock valued at $4,392,000 after buying an additional 24,562 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Cisco Systems by 37.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider's stock valued at $542,000 after buying an additional 2,474 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Cisco Systems by 16.6% in the first quarter. GAMMA Investing LLC now owns 108,871 shares of the network equipment provider's stock valued at $6,718,000 after buying an additional 15,514 shares in the last quarter. Elevation Point Wealth Partners LLC increased its position in shares of Cisco Systems by 92.7% in the first quarter. Elevation Point Wealth Partners LLC now owns 26,867 shares of the network equipment provider's stock valued at $1,658,000 after buying an additional 12,925 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV increased its position in shares of Cisco Systems by 1.3% in the first quarter. Azzad Asset Management Inc. ADV now owns 41,627 shares of the network equipment provider's stock valued at $2,569,000 after buying an additional 527 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CSCO shares. Evercore ISI raised their price target on Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a research report on Thursday, August 14th. William Blair upgraded Cisco Systems to a "hold" rating in a research report on Thursday, August 14th. KeyCorp initiated coverage on Cisco Systems in a research report on Thursday, June 26th. They set an "overweight" rating and a $77.00 price objective for the company. Morgan Stanley lifted their price objective on Cisco Systems from $73.00 to $77.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Piper Sandler lifted their price objective on Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. One equities research 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 company's stock. According to MarketBeat.com, Cisco Systems presently has a consensus rating of "Moderate Buy" and an average target price of $74.89.

Cisco Systems Stock Down 2.9%

Shares of NASDAQ:CSCO opened at $67.94 on Monday. The stock's 50-day moving average price is $68.24 and its two-hundred day moving average price is $64.90. 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, Inc. has a 12-month low of $52.11 and a 12-month high of $72.55. The firm has a market cap of $268.58 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 2.86 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued 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. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.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 company earned $0.87 EPS. The firm's quarterly revenue was up 7.6% on a year-over-year basis. 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, research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The firm also recently declared 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. This represents a $1.64 dividend on an annualized basis 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 presently 62.60%.

Insiders Place Their Bets

In other news, EVP Thimaya K. Subaiya sold 7,511 shares of Cisco Systems stock in a transaction dated Wednesday, August 20th. The stock was 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. The trade was a 4.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Charles Robbins sold 30,557 shares of Cisco Systems stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 639,000 shares in the company, valued at $42,576,570. This represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,965 shares of company stock worth $5,559,996. 0.01% of the stock is owned by insiders.

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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