S Bank Fund Management Ltd Sells 39,695 Shares of Cisco Systems, Inc. $CSCO

Key Points

• S Bank Fund Management Ltd has decreased its stake in Cisco Systems by 32.0%, selling 39,695 shares, and now holds 84,546 shares valued at approximately $5.87 million.
• Analysts maintain a consensus rating of "Moderate Buy" for Cisco Systems with a target price of $74.72, while several investment firms have recently adjusted their price targets upwards.
• Cisco Systems will pay a $0.41 quarterly dividend on October 22nd, reflecting a 2.4% dividend yield and a payout ratio of 62.60%.

S Bank Fund Management Ltd reduced its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 32.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 84,546 shares of the network equipment provider's stock after selling 39,695 shares during the period. S Bank Fund Management Ltd's holdings in Cisco Systems were worth $5,866,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Harbor Asset Planning Inc. acquired a new position in shares of Cisco Systems in the 2nd quarter worth approximately $72,000. Hourglass Capital LLC boosted its holdings in shares of Cisco Systems by 7.6% in the 2nd quarter. Hourglass Capital LLC now owns 161,027 shares of the network equipment provider's stock worth $11,172,000 after acquiring an additional 11,340 shares in the last quarter. Evernest Financial Advisors LLC lifted its holdings in Cisco Systems by 8.6% during the 2nd quarter. Evernest Financial Advisors LLC now owns 16,762 shares of the network equipment provider's stock worth $1,163,000 after buying an additional 1,323 shares in the last quarter. Omnia Family Wealth LLC lifted its holdings in Cisco Systems by 15.3% during the 2nd quarter. Omnia Family Wealth LLC now owns 6,029 shares of the network equipment provider's stock worth $418,000 after buying an additional 801 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in Cisco Systems by 2.2% during the 2nd quarter. New York State Teachers Retirement System now owns 3,298,853 shares of the network equipment provider's stock worth $228,874,000 after buying an additional 72,462 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Cisco Systems in a report on Wednesday, October 8th. Evercore ISI lifted their price objective on shares of Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a research note on Thursday, August 14th. Hsbc Global Res lowered shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. JPMorgan Chase & Co. raised their price objective on Cisco Systems from $73.00 to $78.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Finally, Wells Fargo & Company raised their price objective on Cisco Systems from $75.00 to $83.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, Cisco Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $74.72.

Cisco Systems Price Performance

CSCO stock opened at $69.52 on Thursday. The stock has a 50-day moving average price of $68.25 and a two-hundred day moving average price of $65.01. The stock has a market cap of $274.83 billion, a PE ratio of 26.53, a price-to-earnings-growth ratio of 2.89 and a beta of 0.97. 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 1 year low of $52.11 and a 1 year high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released 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. The firm had revenue of $14.67 billion during the quarter, compared to analysts' expectations of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company's revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. Equities analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business 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 $0.41 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. Cisco Systems's dividend payout ratio (DPR) is presently 62.60%.

Insider Buying and Selling

In other news, EVP Deborah L. Stahlkopf sold 9,783 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $651,547.80. Following the completion of the transaction, the executive vice president owned 161,662 shares in the company, valued at $10,766,689.20. This trade represents a 5.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Oliver Tuszik sold 17,526 shares of the firm's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $67.95, for a total value of $1,190,891.70. Following the completion of the transaction, the executive vice president owned 198,855 shares of the company's stock, valued at $13,512,197.25. The trade was a 8.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,965 shares of company stock worth $5,559,996 over the last three months. Company insiders own 0.01% of the company's stock.

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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