Cisco Systems, Inc. $CSCO Shares Sold by Naviter Wealth LLC

Naviter Wealth LLC trimmed its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,621 shares of the network equipment provider’s stock after selling 882 shares during the quarter. Naviter Wealth LLC’s holdings in Cisco Systems were worth $3,026,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CSCO. Kingstone Capital Partners Texas LLC purchased a new position in Cisco Systems during the 2nd quarter valued at about $904,542,000. Goldman Sachs Group Inc. boosted its stake in shares of Cisco Systems by 37.4% in the 1st 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 buying an additional 12,775,066 shares during the period. Nuveen LLC purchased a new position in shares of Cisco Systems in the 1st quarter valued at about $750,495,000. Pacer Advisors Inc. boosted its stake 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 valued at $501,140,000 after buying an additional 7,468,212 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in shares of Cisco Systems by 255.9% in the 1st quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider’s stock valued at $482,509,000 after buying an additional 5,622,672 shares during the period. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CSCO shares. William Blair upgraded Cisco Systems to a “hold” rating in a research note on Thursday, August 14th. Deutsche Bank Aktiengesellschaft upgraded Cisco Systems from a “hold” rating to a “buy” rating and lifted their price objective for the company from $65.00 to $73.00 in a research note on Monday, June 16th. Wall Street Zen cut Cisco Systems from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 12th. UBS Group lifted their price objective on Cisco Systems from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Finally, Bank of America raised their target price on Cisco Systems from $76.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Cisco Systems has an average rating of “Moderate Buy” and an average price target of $74.72.

Cisco Systems Trading Down 0.7%

CSCO opened at $67.46 on Tuesday. The firm has a market cap of $266.68 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 2.86 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. The business’s 50 day moving average is $68.22 and its two-hundred day moving average is $64.95. 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 released its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. The company had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The firm’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. On average, research analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be given 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 62.60%.

Insider Activity at Cisco Systems

In other Cisco Systems news, CEO Charles Robbins sold 30,557 shares of Cisco Systems stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the transaction, the chief executive officer owned 639,000 shares of the company’s stock, valued at $42,576,570. The trade was a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jeetendra I. Patel sold 9,061 shares of Cisco Systems stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $603,462.60. Following the transaction, the insider directly owned 237,405 shares in the company, valued at approximately $15,811,173. This trade represents a 3.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,965 shares of company stock valued at $5,559,996 over the last 90 days. 0.01% of the stock is 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.