Transcend Capital Advisors LLC Decreases Stock Holdings in Cisco Systems, Inc. $CSCO

Transcend Capital Advisors LLC trimmed its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 30.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 33,905 shares of the network equipment provider’s stock after selling 14,899 shares during the period. Transcend Capital Advisors LLC’s holdings in Cisco Systems were worth $2,352,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Convergence Investment Partners LLC lifted its holdings in shares of Cisco Systems by 5.2% during the 2nd quarter. Convergence Investment Partners LLC now owns 93,867 shares of the network equipment provider’s stock valued at $6,513,000 after purchasing an additional 4,642 shares during the last quarter. Yukon Wealth Management Inc. purchased a new stake in shares of Cisco Systems during the 2nd quarter valued at $207,000. GoalVest Advisory LLC raised its stake in Cisco Systems by 1.7% in the second quarter. GoalVest Advisory LLC now owns 48,207 shares of the network equipment provider’s stock valued at $3,345,000 after buying an additional 828 shares during the last quarter. Banco Santander S.A. raised its stake in Cisco Systems by 7.1% in the second quarter. Banco Santander S.A. now owns 388,243 shares of the network equipment provider’s stock valued at $26,936,000 after buying an additional 25,836 shares during the last quarter. Finally, Solstein Capital LLC raised its stake in Cisco Systems by 201.5% in the second quarter. Solstein Capital LLC now owns 1,435 shares of the network equipment provider’s stock valued at $100,000 after buying an additional 959 shares during the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cisco Systems

In other news, insider Jeetendra I. Patel sold 9,061 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $603,462.60. Following the completion of the transaction, the insider owned 237,405 shares of the company’s stock, valued at approximately $15,811,173. This trade represents a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Charles Robbins sold 30,557 shares of Cisco Systems stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.63, for a total value of $2,036,012.91. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,965 shares of company stock valued at $5,559,996. Corporate insiders own 0.01% of the company’s stock.

Cisco Systems Stock Up 1.1%

Cisco Systems stock opened at $71.39 on Tuesday. The stock has a market capitalization of $282.22 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 2.97 and a beta of 0.97. The business has a 50 day simple moving average of $68.39 and a 200-day simple moving average of $65.84. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $72.55.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $14.63 billion. During the same quarter in the previous year, the company earned $0.87 earnings per share. The company’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. On average, analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd were given a dividend of $0.41 per share. The ex-dividend date of this dividend was 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%.

Wall Street Analyst Weigh In

CSCO has been the subject of several research analyst reports. Evercore ISI increased their price objective on shares of Cisco Systems from $72.00 to $74.00 and gave the company an “in-line” rating in a research report on Thursday, August 14th. Hsbc Global Res cut shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. UBS Group raised their target price on Cisco Systems from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Barclays raised their target price on Cisco Systems from $66.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 14th. Finally, HSBC restated a “hold” rating and issued a $69.00 target price on shares of Cisco Systems in a research note on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $74.72.

Cisco Systems Company 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.