SVB Wealth LLC Lowers Stock Position in Cisco Systems, Inc. $CSCO

Key Points

• SVB Wealth LLC decreased its stake in Cisco Systems, Inc. by 18.8%, now holding 331,139 shares valued at approximately $20.4 million.
• Goldman Sachs Group Inc. increased its holdings in Cisco by 37.4%, acquiring an additional 12.8 million shares worth $2.9 billion during the first quarter.
• Cisco recently announced a quarterly dividend of $0.41 per share, with an ex-dividend date on October 3rd, representing an annualized yield of 2.4%.

SVB Wealth LLC reduced its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 18.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 331,139 shares of the network equipment provider's stock after selling 76,763 shares during the period. Cisco Systems comprises approximately 0.8% of SVB Wealth LLC's portfolio, making the stock its 17th biggest holding. SVB Wealth LLC's holdings in Cisco Systems were worth $20,435,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its holdings in Cisco Systems by 37.4% in the first quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider's stock valued at $2,898,722,000 after acquiring an additional 12,775,066 shares in the last quarter. Nuveen LLC purchased a new position in shares of Cisco Systems in the 1st quarter worth about $750,495,000. Pacer Advisors Inc. raised its position in shares of Cisco Systems by 1,144.2% in the 1st quarter. Pacer Advisors Inc. now owns 8,120,886 shares of the network equipment provider's stock worth $501,140,000 after purchasing an additional 7,468,212 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in Cisco Systems in the 4th quarter worth about $413,491,000. Finally, GAMMA Investing LLC increased its holdings in Cisco Systems by 7,096.5% in the 1st quarter. GAMMA Investing LLC now owns 6,718,402 shares of the network equipment provider's stock worth $414,593,000 after buying an additional 6,625,045 shares in the last quarter. Institutional investors own 73.33% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Bank of America boosted their price objective on Cisco Systems from $76.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. KeyCorp assumed coverage on Cisco Systems in a report on Thursday, June 26th. They set an "overweight" rating and a $77.00 price objective on the stock. Wall Street Zen downgraded Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Wolfe Research assumed coverage on Cisco Systems in a research report on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Finally, Piper Sandler upped their price objective on Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, Cisco Systems has an average rating of "Moderate Buy" and an average price target of $74.53.

Insider Buying and Selling

In other Cisco Systems news, CEO Charles Robbins sold 30,557 shares of the company'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 transaction, the chief executive officer owned 639,000 shares of the company's stock, valued at approximately $42,576,570. This represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Oliver Tuszik sold 15,000 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $63.53, for a total value of $952,950.00. Following the completion of the transaction, the executive vice president directly owned 131,676 shares in the company, valued at $8,365,376.28. This represents a 10.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,118 shares of company stock valued at $8,847,167 in the last three months. Insiders own 0.01% of the company's stock.

Cisco Systems Price Performance

NASDAQ:CSCO opened at $67.32 on Friday. Cisco Systems, Inc. has a 52 week low of $47.85 and a 52 week high of $72.55. The company has a market capitalization of $266.59 billion, a P/E ratio of 25.69, a P/E/G ratio of 2.85 and a beta of 0.91. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.49. The stock's fifty day moving average is $68.20 and its two-hundred day moving average is $63.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings data 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 return on equity of 27.02% and a net margin of 18.45%.The firm had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. During the same period last year, the business posted $0.87 EPS. Cisco Systems's quarterly revenue 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. Equities analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 annualized dividend and a yield of 2.4%. Cisco Systems's payout ratio is presently 62.60%.

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.

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