Rehmann Capital Advisory Group Sells 11,667 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Rehmann Capital Advisory Group reduced its stake in Cisco Systems by 21.4%, selling 11,667 shares and leaving them with 42,864 shares valued at approximately $2.97 million.
• Cisco reported an earnings per share of $0.99 for the last quarter, slightly exceeding analyst expectations, with a year-over-year revenue growth of 7.6%.
• The company announced a quarterly dividend of $0.41 per share, set to be paid on October 22nd, reflecting an annualized yield of 2.3%.

Rehmann Capital Advisory Group reduced its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 21.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 42,864 shares of the network equipment provider's stock after selling 11,667 shares during the period. Rehmann Capital Advisory Group's holdings in Cisco Systems were worth $2,974,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings 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 acquiring an additional 24,562 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings 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 acquiring an additional 2,474 shares in the last quarter. GAMMA Investing LLC grew its holdings 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 acquiring an additional 15,514 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in shares of Cisco Systems by 3.9% in the first quarter. Flagship Harbor Advisors LLC now owns 32,346 shares of the network equipment provider's stock valued at $1,996,000 after acquiring an additional 1,204 shares in the last quarter. Finally, Palumbo Wealth Management LLC bought a new position in shares of Cisco Systems in the first quarter valued at approximately $242,000. 73.33% of the stock is owned by institutional investors.

Cisco Systems Price Performance

Cisco Systems stock opened at $70.72 on Wednesday. Cisco Systems, Inc. has a one year low of $52.11 and a one year high of $72.55. The business has a fifty day moving average price of $68.18 and a 200-day moving average price of $65.34. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The firm has a market capitalization of $279.57 billion, a P/E ratio of 26.99, a PEG ratio of 2.98 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly 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 return on equity of 27.06% and a net margin of 18.45%.The firm had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. During the same period last year, the company earned $0.87 earnings per share. The business's revenue for the quarter 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. As a group, equities research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The business 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 $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's dividend payout ratio (DPR) is presently 62.60%.

Insider Transactions at Cisco Systems

In other news, CEO Charles Robbins sold 30,557 shares of the firm's stock in a transaction on Friday, August 15th. The stock was 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 of the company's stock, valued at $42,576,570. This trade represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeetendra I. Patel sold 9,061 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $603,462.60. Following the completion of the transaction, the insider directly owned 237,405 shares of the company's stock, valued at $15,811,173. The trade was a 3.68% 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 valued at $5,559,996. 0.01% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CSCO. Evercore ISI upped their target price on Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a report on Thursday, August 14th. Wolfe Research began coverage on Cisco Systems in a report on Tuesday, July 8th. They issued a "peer perform" rating for the company. Piper Sandler upped their target price on Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" rating in a report on Thursday, August 14th. 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 for the company. Finally, Wall Street Zen lowered Cisco Systems from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $74.72.

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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