Cisco Systems, Inc. $CSCO Shares Sold by Meiji Yasuda Life Insurance Co

Meiji Yasuda Life Insurance Co cut its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 12.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 3,891 shares of the network equipment provider’s stock after selling 534 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Cisco Systems were worth $240,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Kornitzer Capital Management Inc. KS increased its position in shares of Cisco Systems by 0.7% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider’s stock valued at $55,049,000 after purchasing an additional 6,501 shares during the period. Golden State Wealth Management LLC lifted its position in shares of Cisco Systems by 10.8% during the 1st quarter. Golden State Wealth Management LLC now owns 6,298 shares of the network equipment provider’s stock valued at $389,000 after acquiring an additional 612 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Cisco Systems by 28.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,037,909 shares of the network equipment provider’s stock worth $249,180,000 after acquiring an additional 904,548 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Cisco Systems by 2.6% in the 1st quarter. IFP Advisors Inc now owns 111,510 shares of the network equipment provider’s stock worth $6,882,000 after acquiring an additional 2,839 shares during the last quarter. Finally, Relyea Zuckerberg Hanson LLC grew its holdings in shares of Cisco Systems by 1.2% in the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 29,729 shares of the network equipment provider’s stock worth $1,835,000 after acquiring an additional 350 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Evercore ISI lifted their target price on Cisco Systems from $72.00 to $74.00 and gave the stock an “in-line” rating in a report on Thursday, August 14th. Wall Street Zen cut Cisco Systems from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th. Bank of America lifted their target price on Cisco Systems from $76.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. UBS Group lifted their target price on Cisco Systems from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Finally, Hsbc Global Res cut shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Cisco Systems presently has a consensus rating of “Moderate Buy” and an average target price of $74.53.

Cisco Systems Price Performance

CSCO opened at $67.34 on Wednesday. The stock has a fifty day moving average of $68.35 and a 200-day moving average of $63.92. The firm has a market capitalization of $266.21 billion, a P/E ratio of 25.70, a PEG ratio of 2.81 and a beta of 0.99. Cisco Systems, Inc. has a 12-month low of $47.85 and a 12-month high of $72.55. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS 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 27.06%. The business had revenue of $14.67 billion for the quarter, compared to analysts’ expectations of $14.63 billion. During the same period in the previous year, the company posted $0.87 EPS. Cisco Systems’s 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 forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

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 issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems’s payout ratio is currently 62.60%.

Insider Buying and Selling at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 9,783 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $651,547.80. Following the transaction, the executive vice president directly owned 161,662 shares in the company, valued at $10,766,689.20. The trade was a 5.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Thimaya K. Subaiya sold 8,726 shares of the firm’s stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $65.54, for a total transaction of $571,902.04. Following the transaction, the executive vice president owned 174,669 shares in the company, valued at $11,447,806.26. This represents a 4.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 86,142 shares of company stock worth $5,713,929 over the last 90 days. 0.01% of the stock is currently owned by insiders.

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.