Thompson Investment Management Inc. Sells 7,883 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Thompson Investment Management Inc. reduced its stake in Cisco Systems by 4.7%, selling 7,883 shares, and now holds 159,452 shares valued at approximately $11 million.
• Cisco reported quarterly earnings of $0.99 EPS, exceeding analysts' expectations, and had revenue of $14.67 billion, reflecting a 7.6% year-over-year increase.
• The company announced a quarterly dividend of $0.41 per share, with a dividend yield of 2.3%, payable to shareholders on October 22nd.

Thompson Investment Management Inc. trimmed its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 4.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 159,452 shares of the network equipment provider's stock after selling 7,883 shares during the period. Cisco Systems accounts for approximately 1.6% of Thompson Investment Management Inc.'s portfolio, making the stock its 12th largest holding. Thompson Investment Management Inc.'s holdings in Cisco Systems were worth $11,063,000 at the end of the most recent reporting period.

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

Cisco Systems Price Performance

NASDAQ:CSCO opened at $69.96 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The business's 50-day simple moving average is $68.22 and its two-hundred day simple moving average is $64.81. The stock has a market cap of $276.57 billion, a PE ratio of 26.70, a P/E/G ratio of 2.96 and a beta of 0.97. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. The business had revenue of $14.67 billion for 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 business's quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm earned $0.87 earnings per share. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. As a group, analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be given a dividend of $0.41 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.3%. Cisco Systems's dividend payout ratio (DPR) is presently 62.60%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. KeyCorp assumed coverage on Cisco Systems in a research report on Thursday, June 26th. They issued an "overweight" rating and a $77.00 price objective on the stock. Hsbc Global Res cut Cisco Systems from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Morgan Stanley upped their price objective on Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. William Blair raised Cisco Systems to a "hold" rating in a report on Thursday, August 14th. Finally, Wolfe Research started coverage on Cisco Systems in a report on Tuesday, July 8th. They set a "peer perform" rating on the stock. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $74.53.

Insider Activity

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 transaction 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeetendra I. Patel sold 9,061 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $603,462.60. Following the transaction, the insider owned 237,405 shares of the company's stock, valued at approximately $15,811,173. The trade was a 3.68% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,965 shares of company stock valued at $5,559,996. 0.01% of the stock is owned by corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.