Robertson Stephens Wealth Management LLC Sells 7,300 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Robertson Stephens Wealth Management LLC reduced its stake in Cisco Systems by 13.4% in Q2, selling 7,300 shares and holding 47,060 shares valued at approximately $3.27 million.
• Cisco Systems has received a series of positive ratings, with Morgan Stanley increasing its target price from $67 to $70, and one analyst giving it a "Strong Buy" rating while maintaining an overall average rating of "Moderate Buy."
• The company announced a quarterly dividend of $0.41 per share, set to be paid on October 22, representing an annualized dividend yield of 2.3% with a payout ratio of 62.60%.

Robertson Stephens Wealth Management LLC decreased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 13.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,060 shares of the network equipment provider's stock after selling 7,300 shares during the period. Robertson Stephens Wealth Management LLC's holdings in Cisco Systems were worth $3,265,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. Postrock Partners LLC grew its stake in shares of Cisco Systems by 4.5% in the second quarter. Postrock Partners LLC now owns 3,480 shares of the network equipment provider's stock worth $241,000 after purchasing an additional 150 shares during the last quarter. Mount Vernon Associates Inc. MD increased its stake in shares of Cisco Systems by 0.4% in the second quarter. Mount Vernon Associates Inc. MD now owns 41,379 shares of the network equipment provider's stock valued at $2,871,000 after buying an additional 150 shares during the period. Pacifica Partners Inc. increased its stake in shares of Cisco Systems by 0.5% in the second quarter. Pacifica Partners Inc. now owns 34,060 shares of the network equipment provider's stock valued at $2,338,000 after buying an additional 155 shares during the period. Pacific Sage Partners LLC raised its holdings in Cisco Systems by 0.9% during the 2nd quarter. Pacific Sage Partners LLC now owns 16,746 shares of the network equipment provider's stock worth $1,162,000 after purchasing an additional 156 shares during the last quarter. Finally, Childress Capital Advisors LLC raised its holdings in Cisco Systems by 0.8% during the 2nd quarter. Childress Capital Advisors LLC now owns 18,806 shares of the network equipment provider's stock worth $1,305,000 after purchasing an additional 157 shares during the last quarter. Institutional investors own 73.33% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on CSCO shares. Weiss Ratings restated a "buy (b-)" rating on shares of Cisco Systems in a report on Wednesday. Morgan Stanley boosted their target price on shares of Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, July 18th. William Blair upgraded Cisco Systems to a "hold" rating in a research report on Thursday, August 14th. Piper Sandler upped their target price on Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, August 14th. Finally, Wolfe Research assumed coverage on Cisco Systems in a research report on Tuesday, July 8th. They set a "peer perform" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $74.53.

Cisco Systems Stock Down 0.5%

CSCO stock opened at $69.96 on Friday. The stock's 50 day simple moving average is $68.22 and its 200 day simple moving average is $64.81. Cisco Systems, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $72.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. The company has a market cap of $276.57 billion, a P/E ratio of 26.70, a price-to-earnings-growth ratio of 2.96 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its 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 company had revenue of $14.67 billion for the quarter, compared to analysts' expectations of $14.63 billion. During the same period last year, the business earned $0.87 EPS. Cisco Systems's quarterly 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. On average, research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently disclosed 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 2.3%. The ex-dividend date is Friday, October 3rd. Cisco Systems's dividend payout ratio (DPR) is currently 62.60%.

Insider Activity

In other news, EVP Deborah L. Stahlkopf sold 9,783 shares of Cisco Systems stock in a transaction dated 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 $10,766,689.20. This trade represents a 5.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeetendra I. Patel sold 9,061 shares of the business's stock in a transaction that occurred 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 sale, the insider directly owned 237,405 shares of the company's stock, valued at $15,811,173. This represents a 3.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,965 shares of company stock valued at $5,559,996. 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.

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