Cisco Systems, Inc. $CSCO Shares Sold by Redwood Investment Management LLC

Key Points

• Redwood Investment Management LLC reduced its stake in Cisco Systems by 43.9%, selling 26,138 shares to own a total of 33,397 shares worth approximately $2.06 million as of the last SEC filing.
• Wall Street analysts have varied outlooks on Cisco, with one firm dropping its rating from "strong-buy" to "buy," while others, like JPMorgan and Bank of America, increased their price targets to as high as $85.00.
• Cisco Systems is set to pay a quarterly dividend of $0.41 per share on October 22nd, representing a yield of 2.4%, with an ex-dividend date on October 3rd.

Redwood Investment Management LLC decreased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 43.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,397 shares of the network equipment provider's stock after selling 26,138 shares during the quarter. Redwood Investment Management LLC's holdings in Cisco Systems were worth $2,061,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS boosted its holdings in 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 worth $55,049,000 after purchasing an additional 6,501 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in 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 worth $389,000 after purchasing an additional 612 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in 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 worth $249,180,000 after acquiring an additional 904,548 shares during the period. Investment Management Corp of Ontario raised its position in Cisco Systems by 44.6% in the fourth quarter. Investment Management Corp of Ontario now owns 193,478 shares of the network equipment provider's stock worth $11,454,000 after acquiring an additional 59,680 shares during the period. Finally, IFP Advisors Inc raised its position in Cisco Systems by 2.6% in the first quarter. IFP Advisors Inc now owns 111,510 shares of the network equipment provider's stock worth $6,882,000 after acquiring an additional 2,839 shares during the period. Hedge funds and other institutional investors own 73.33% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on CSCO shares. Evercore ISI increased their price target on shares of Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a research report on Thursday, August 14th. Citigroup lifted their price target on shares of Cisco Systems from $68.00 to $71.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Hsbc Global Res cut shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Barclays lifted their price objective on shares of Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. Finally, UBS Group lifted their price objective on shares of Cisco Systems from $70.00 to $74.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $74.53.

Cisco Systems Stock Down 0.5%

Shares of NASDAQ:CSCO traded down $0.34 during trading hours on Friday, hitting $69.09. The company's stock had a trading volume of 14,943,782 shares, compared to its average volume of 21,357,896. Cisco Systems, Inc. has a 52 week low of $47.85 and a 52 week high of $72.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.01 and a quick ratio of 0.92. The company 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 firm's fifty day moving average price is $68.42 and its 200 day moving average price is $63.71.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. The firm had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.02%. Cisco Systems's revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.87 EPS. 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, research analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be issued a dividend of $0.41 per share. 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 is 62.60%.

Insider Activity at Cisco Systems

In related news, insider Jeetendra I. Patel sold 9,061 shares of the firm's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $603,462.60. Following the sale, the insider owned 237,405 shares in the company, valued at approximately $15,811,173. This trade represents a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thimaya K. Subaiya sold 7,511 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $66.84, for a total transaction of $502,035.24. Following the sale, the executive vice president owned 161,467 shares in the company, valued at approximately $10,792,454.28. This represents a 4.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 119,095 shares of company stock valued at $7,841,167 in the last quarter. 0.01% of the stock is currently 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.