Cisco Systems, Inc. $CSCO Shares Sold by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC reduced its stake in Cisco Systems by 20.5%, selling 344,611 shares, leaving them with 1,340,427 shares valued at approximately $82.7 million.
• Cisco Systems reported $0.99 earnings per share for the latest quarter, slightly exceeding analyst expectations, and recorded revenue of $14.67 billion, up 7.6% from the previous year.
• The company declared a quarterly dividend of $0.41 per share, with an ex-dividend date set for October 3rd, representing an annualized yield of 2.4%.

Rafferty Asset Management LLC reduced its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 20.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,340,427 shares of the network equipment provider's stock after selling 344,611 shares during the quarter. Rafferty Asset Management LLC's holdings in Cisco Systems were worth $82,718,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Navigoe LLC acquired a new stake in shares of Cisco Systems during the 4th quarter valued at approximately $26,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Cisco Systems during the 4th quarter valued at approximately $26,000. JDM Financial Group LLC raised its position in shares of Cisco Systems by 160.4% during the 4th quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock valued at $29,000 after acquiring an additional 300 shares in the last quarter. Pandora Wealth Inc. acquired a new stake in shares of Cisco Systems during the 1st quarter valued at approximately $31,000. Finally, Fairway Wealth LLC raised its position in shares of Cisco Systems by 224.7% during the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock valued at $36,000 after acquiring an additional 400 shares in the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CSCO. Deutsche Bank Aktiengesellschaft raised Cisco Systems from a "hold" rating to a "buy" rating and upped their price target for the company from $65.00 to $73.00 in a research report on Monday, June 16th. UBS Group upped their price target on Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Wells Fargo & Company increased their target price on Cisco Systems from $75.00 to $83.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Piper Sandler increased their target price on Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. Finally, CICC Research initiated coverage on Cisco Systems in a research report on Monday, July 14th. They issued an "outperform" rating and a $78.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, Cisco Systems has an average rating of "Moderate Buy" and an average target price of $74.53.

Insider Activity at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 8,726 shares of the firm's 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 of the company's stock, valued at approximately $11,447,806.26. This trade represents a 4.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard Scott Herren sold 15,678 shares of Cisco Systems stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $65.52, for a total value of $1,027,222.56. Following the transaction, the chief financial officer directly owned 309,543 shares in the company, valued at approximately $20,281,257.36. The trade was a 4.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 119,095 shares of company stock valued at $7,841,167. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Stock Performance

Shares of CSCO traded down $0.34 during trading hours on Friday, reaching $69.09. 14,909,332 shares of the company's stock traded hands, compared to its average volume of 21,316,090. The firm has a market capitalization of $273.60 billion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 2.90 and a beta of 0.91. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.01 and a quick ratio of 0.92. Cisco Systems, Inc. has a twelve month low of $47.85 and a twelve month high of $72.55. The business's fifty day simple moving average is $68.42 and its two-hundred day simple moving average is $63.71.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. The company had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a return on equity of 27.02% and a net margin of 18.45%.The company's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $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. Analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be issued 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 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.