SRN Advisors LLC Sells 10,654 Shares of Cisco Systems, Inc. $CSCO

Key Points

• SRN Advisors LLC reduced its holdings in Cisco Systems by 44.6% in the 1st quarter, ending with 13,211 shares worth approximately $815,000 after selling 10,654 shares.
• Cisco reported a quarterly earnings per share (EPS) of $0.99, exceeding analysts' expectations, and its revenue increased by 7.6% year-over-year.
• The company announced a quarterly dividend of $0.41 per share, which will be paid on October 22nd, representing an annual yield of 2.4%.

SRN Advisors LLC decreased its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 44.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,211 shares of the network equipment provider's stock after selling 10,654 shares during the quarter. SRN Advisors LLC's holdings in Cisco Systems were worth $815,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CSCO. Legacy Financial Group Inc. grew its position in Cisco Systems by 3.4% during the fourth quarter. Legacy Financial Group Inc. now owns 5,100 shares of the network equipment provider's stock valued at $302,000 after buying an additional 169 shares during the period. Capital Advantage Inc. grew its position in Cisco Systems by 1.0% during the fourth quarter. Capital Advantage Inc. now owns 17,361 shares of the network equipment provider's stock valued at $1,028,000 after buying an additional 172 shares during the period. Avalon Trust Co grew its position in Cisco Systems by 5.4% during the first quarter. Avalon Trust Co now owns 3,433 shares of the network equipment provider's stock valued at $212,000 after buying an additional 177 shares during the period. Rossmore Private Capital grew its position in Cisco Systems by 0.3% during the first quarter. Rossmore Private Capital now owns 69,220 shares of the network equipment provider's stock valued at $4,272,000 after buying an additional 181 shares during the period. Finally, GSG Advisors LLC grew its position in Cisco Systems by 4.8% during the first quarter. GSG Advisors LLC now owns 4,023 shares of the network equipment provider's stock valued at $234,000 after buying an additional 183 shares during the period. Hedge funds and other institutional investors own 73.33% of the company's stock.

Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 8,726 shares of the business's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $65.54, for a total value of $571,902.04. Following the completion of the transaction, the executive vice president owned 174,669 shares of the company's stock, valued at approximately $11,447,806.26. The trade was a 4.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of the business'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 directly owned 161,662 shares of the company's stock, valued at approximately $10,766,689.20. This trade represents a 5.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 119,095 shares of company stock worth $7,841,167 over the last quarter. Corporate insiders own 0.01% of the company's stock.

Cisco Systems Trading Down 0.5%

NASDAQ:CSCO traded down $0.34 during trading hours on Friday, hitting $69.09. The company had a trading volume of 14,952,208 shares, compared to its average volume of 22,349,072. The company has a market capitalization of $273.60 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 2.93 and a beta of 0.99. The stock has a 50-day moving average price of $68.47 and a 200 day moving average price of $63.77. 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.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.02%. The business had revenue of $14.67 billion for the quarter, compared to analysts' expectations of $14.63 billion. During the same quarter in the previous year, the business posted $0.87 earnings per share. The firm's revenue for the quarter 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, equities research analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal 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 given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's payout ratio is currently 62.60%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $87.00 target price on shares of Cisco Systems in a research report on Thursday, August 14th. Bank of America increased their target price on shares of Cisco Systems from $76.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Morgan Stanley increased their target price on shares of Cisco Systems from $67.00 to $70.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Wolfe Research started coverage on shares of Cisco Systems in a research report on Tuesday, July 8th. They set a "peer perform" rating for the company. Finally, Piper Sandler increased their price target on shares of Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Cisco Systems presently has an average rating of "Moderate Buy" and a consensus target price of $74.53.

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.