Cisco Systems, Inc. $CSCO Holdings Trimmed by Steel Grove Capital Advisors LLC

Steel Grove Capital Advisors LLC lowered its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,244 shares of the network equipment provider’s stock after selling 1,185 shares during the period. Steel Grove Capital Advisors LLC’s holdings in Cisco Systems were worth $2,445,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Members Trust Co boosted its stake in shares of Cisco Systems by 12.1% during the 2nd quarter. Members Trust Co now owns 12,467 shares of the network equipment provider’s stock valued at $865,000 after buying an additional 1,349 shares during the period. Cookson Peirce & Co. Inc. acquired a new stake in shares of Cisco Systems during the 2nd quarter valued at $1,307,000. Brookstone Capital Management boosted its stake in shares of Cisco Systems by 1.3% during the 2nd quarter. Brookstone Capital Management now owns 35,758 shares of the network equipment provider’s stock valued at $2,481,000 after buying an additional 450 shares during the period. Phillips Financial Management LLC acquired a new stake in shares of Cisco Systems during the 2nd quarter valued at $208,000. Finally, Jacobsen Capital Management boosted its stake in shares of Cisco Systems by 30.3% during the 2nd quarter. Jacobsen Capital Management now owns 8,081 shares of the network equipment provider’s stock valued at $561,000 after buying an additional 1,880 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insider Activity

In other news, EVP Thimaya K. Subaiya sold 7,511 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $66.84, for a total transaction of $502,035.24. Following the transaction, the executive vice president owned 161,467 shares in the company, valued at approximately $10,792,454.28. The trade was a 4.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Oliver Tuszik sold 17,526 shares of the business’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the transaction, the executive vice president owned 198,855 shares in the company, valued at approximately $13,512,197.25. The trade was a 8.10% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,965 shares of company stock worth $5,559,996. Insiders own 0.01% of the company’s stock.

Cisco Systems Stock Up 0.1%

Cisco Systems stock opened at $70.72 on Wednesday. The firm has a market cap of $279.57 billion, a price-to-earnings ratio of 26.99, a P/E/G ratio of 2.98 and a beta of 0.97. 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 fifty-two week low of $52.11 and a fifty-two week high of $72.55. The firm has a fifty day moving average price of $68.18 and a two-hundred day moving average price of $65.34.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The firm had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 EPS. 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 earnings per share for the current year.

Cisco Systems Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 2.3%. Cisco Systems’s payout ratio is currently 62.60%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. HSBC reissued a “hold” rating and set a $69.00 target price on shares of Cisco Systems in a research note on Friday, August 15th. Morgan Stanley lifted their price objective on shares of Cisco Systems from $73.00 to $77.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Cisco Systems in a research note on Wednesday, October 8th. CICC Research initiated coverage on shares of Cisco Systems in a research note on Monday, July 14th. They issued an “outperform” rating and a $78.00 price objective for the company. Finally, UBS Group lifted their price objective on shares of Cisco Systems from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $74.72.

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.