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

Avidian Wealth Enterprises LLC lowered its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 24,789 shares of the network equipment provider’s stock after selling 395 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Cisco Systems were worth $1,720,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Drive Wealth Management LLC increased its stake in Cisco Systems by 2.7% during the 2nd quarter. Drive Wealth Management LLC now owns 16,605 shares of the network equipment provider’s stock worth $1,152,000 after buying an additional 436 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its position in shares of Cisco Systems by 0.7% during the first quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider’s stock worth $55,049,000 after purchasing an additional 6,501 shares in the last quarter. Golden State Wealth Management LLC raised its stake in Cisco Systems by 10.8% in 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 purchasing an additional 612 shares during the last quarter. Shell Asset Management Co. lifted its holdings in Cisco Systems by 53.3% in the 2nd quarter. Shell Asset Management Co. now owns 77,234 shares of the network equipment provider’s stock valued at $5,358,000 after purchasing an additional 26,840 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Cisco Systems by 255.9% during the 1st quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider’s stock worth $482,509,000 after purchasing an additional 5,622,672 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Stock Performance

Shares of CSCO stock opened at $70.72 on Wednesday. The firm’s 50 day moving average price is $68.18 and its 200-day moving average price is $65.34. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. Cisco Systems, Inc. has a one year low of $52.11 and a one year high of $72.55. The firm has a market cap of $279.57 billion, a P/E ratio of 26.99, a P/E/G ratio of 2.98 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results 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 net margin of 18.45% and a return on equity of 27.06%. The firm had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. During the same quarter last year, the firm earned $0.87 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts predict 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 $0.41 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 annualized dividend and a yield of 2.3%. Cisco Systems’s dividend payout ratio (DPR) is 62.60%.

Wall Street Analysts Forecast Growth

CSCO has been the subject of a number of recent research reports. Morgan Stanley increased their target price on shares of Cisco Systems from $73.00 to $77.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. Wells Fargo & Company increased their price objective on shares of Cisco Systems from $75.00 to $83.00 and gave the company an “overweight” 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. JPMorgan Chase & Co. boosted their target price on shares of Cisco Systems from $73.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Cisco Systems in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.72.

Insider Buying and Selling at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 2,718 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $68.08, for a total transaction of $185,041.44. Following the transaction, the executive vice president directly owned 157,184 shares in the company, valued at approximately $10,701,086.72. This trade represents a 1.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Charles Robbins sold 30,557 shares of Cisco Systems stock in a transaction on Friday, August 15th. The shares were sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the completion of the transaction, the chief executive officer directly owned 639,000 shares in the company, valued at $42,576,570. The trade was a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,965 shares of company stock worth $5,559,996. 0.01% of the stock is currently owned by company 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.