St. James Investment Company LLC Cuts Stake in Cisco Systems, Inc. $CSCO

Key Points

• St. James Investment Company LLC reduced its Cisco Systems stake by 35.2% in the fourth quarter, selling 64,106 shares and leaving it with 117,964 shares valued at about $9.09 million.
• Cisco continues to attract heavy institutional ownership, with firms like Vanguard, Invesco, and Northern Trust increasing their positions; overall, institutions and hedge funds own 73.33% of the company.
• Cisco recently beat quarterly expectations, reporting $1.04 EPS on $15.35 billion in revenue, while analysts remain broadly positive with a consensus rating of Moderate Buy and an average price target of $90.29.

St. James Investment Company LLC lowered its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 35.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,964 shares of the network equipment provider's stock after selling 64,106 shares during the period. Cisco Systems comprises 1.5% of St. James Investment Company LLC's investment portfolio, making the stock its 24th biggest position. St. James Investment Company LLC's holdings in Cisco Systems were worth $9,087,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Cisco Systems by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 398,943,293 shares of the network equipment provider's stock worth $30,730,602,000 after purchasing an additional 4,049,893 shares in the last quarter. Invesco Ltd. increased its stake in shares of Cisco Systems by 10.5% during the third quarter. Invesco Ltd. now owns 53,612,720 shares of the network equipment provider's stock worth $3,668,182,000 after purchasing an additional 5,081,469 shares in the last quarter. Northern Trust Corp increased its stake in shares of Cisco Systems by 3.5% during the third quarter. Northern Trust Corp now owns 48,498,612 shares of the network equipment provider's stock worth $3,318,275,000 after purchasing an additional 1,631,703 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Cisco Systems by 4.4% during the third quarter. Franklin Resources Inc. now owns 42,641,483 shares of the network equipment provider's stock worth $2,917,530,000 after purchasing an additional 1,804,625 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Cisco Systems by 7.2% during the third quarter. Legal & General Group Plc now owns 37,674,954 shares of the network equipment provider's stock worth $2,577,720,000 after purchasing an additional 2,535,716 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Cisco Systems Stock Performance

CSCO opened at $99.29 on Wednesday. The firm has a market capitalization of $392.18 billion, a PE ratio of 34.84, a PEG ratio of 3.70 and a beta of 0.92. Cisco Systems, Inc. has a twelve month low of $60.85 and a twelve month high of $99.93. The firm's 50-day moving average price is $83.48 and its 200 day moving average price is $79.14. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $1.02 by $0.02. The firm had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.11 billion. Cisco Systems had a net margin of 19.22% and a return on equity of 27.88%. Cisco Systems's quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 earnings per share. As a group, sell-side analysts expect that Cisco Systems, Inc. will post 3.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CSCO has been the subject of a number of research reports. CICC Research boosted their target price on shares of Cisco Systems from $84.00 to $96.00 and gave the stock an "outperform" rating in a research note on Friday, February 13th. HSBC boosted their price target on shares of Cisco Systems from $74.00 to $77.00 and gave the stock a "hold" rating in a research report on Friday, February 13th. Wall Street Zen lowered shares of Cisco Systems from a "buy" rating to a "hold" rating in a research report on Saturday, March 14th. Rosenblatt Securities restated a "buy" rating and set a $100.00 price target on shares of Cisco Systems in a research report on Thursday, February 12th. Finally, BNP Paribas Exane boosted their price target on shares of Cisco Systems from $86.00 to $87.00 and gave the stock an "outperform" rating in a research report on Thursday, February 12th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Cisco Systems presently has an average rating of "Moderate Buy" and a consensus price target of $90.29.

Cisco Systems News Summary

Here are the key news stories impacting Cisco Systems this week:

• Positive Sentiment: Investors are betting Cisco will benefit from strong AI infrastructure demand, hyperscaler spending, and solid product orders, which could support another earnings beat and upbeat guidance. The Zacks Analyst Blog Cisco, Arista Networks, Dell and Hewlett
• Positive Sentiment: The company is approaching earnings with shares at or near all-time highs, reflecting strong momentum and continued investor confidence in the networking business. Cisco Q3 Preview: Stock Hits New Highs, Expert Asks 'Can It Return To Those Parabolic '90s Like Returns?'
• Positive Sentiment: AT&T’s launch of a Cisco-powered post-quantum security SD-WAN service highlights Cisco’s role in next-generation enterprise networking and cybersecurity. Can AT&T's Cisco-Powered Quantum Security Network Drive Profits?
• Neutral Sentiment: JPMorgan raised its price target to $96, but that still sits below Cisco’s recent trading range, suggesting the market may already be pricing in a strong earnings outlook. JPMorgan Adjusts Price Target on Cisco Systems to 96 From 95
• Negative Sentiment: Some reports note the stock is the most overbought it has been since 2018, raising the risk of a pullback if earnings or guidance disappoint. Cisco stock at its most overbought since 2018 — and a top pro sees 25% upside
• Negative Sentiment: Traders are also bracing for a sizable post-earnings move, which signals elevated uncertainty around the upcoming results and forward outlook. How Much Is Cisco Stock Expected to Move After Earnings This Week?

Insider Buying and Selling

In other Cisco Systems news, insider Jeetendra I. Patel sold 11,248 shares of the business's stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $76.00, for a total value of $854,848.00. Following the transaction, the insider directly owned 262,776 shares in the company, valued at $19,970,976. The trade was a 4.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Maria Victoria Wong sold 2,179 shares of the business's stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $77.74, for a total transaction of $169,395.46. Following the completion of the transaction, the senior vice president owned 28,807 shares in the company, valued at $2,239,456.18. The trade was a 7.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 46,431 shares of company stock worth $3,574,820 over the last ninety days. 0.01% of the stock is currently owned by insiders.

Cisco Systems Profile

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.

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