Smith Anglin Financial LLC Reduces Stock Position in Cisco Systems, Inc. $CSCO

Smith Anglin Financial LLC cut its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 14.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,271 shares of the network equipment provider’s stock after selling 877 shares during the quarter. Smith Anglin Financial LLC’s holdings in Cisco Systems were worth $366,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CSCO. Elser Financial Planning Inc bought a new position in shares of Cisco Systems during the second quarter valued at approximately $327,000. Cyr Financial Inc. increased its stake in shares of Cisco Systems by 30.6% during the second quarter. Cyr Financial Inc. now owns 14,506 shares of the network equipment provider’s stock valued at $1,006,000 after purchasing an additional 3,396 shares in the last quarter. Baron Silver Stevens Financial Advisors LLC increased its stake in shares of Cisco Systems by 7.8% during the second quarter. Baron Silver Stevens Financial Advisors LLC now owns 5,284 shares of the network equipment provider’s stock valued at $367,000 after purchasing an additional 382 shares in the last quarter. Archford Capital Strategies LLC increased its stake in shares of Cisco Systems by 2.4% during the second quarter. Archford Capital Strategies LLC now owns 16,561 shares of the network equipment provider’s stock valued at $1,149,000 after purchasing an additional 390 shares in the last quarter. Finally, Kelly Financial Services LLC increased its stake in shares of Cisco Systems by 8.9% during the second quarter. Kelly Financial Services LLC now owns 3,568 shares of the network equipment provider’s stock valued at $248,000 after purchasing an additional 293 shares in the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Cisco Systems Trading Down 0.9%

Shares of Cisco Systems stock opened at $67.22 on Monday. The company’s fifty day simple moving average is $68.12 and its 200-day simple moving average is $64.36. The stock has a market capitalization of $265.73 billion, a PE ratio of 25.66, a P/E/G ratio of 2.83 and a beta of 0.99. Cisco Systems, Inc. has a 1-year low of $52.11 and a 1-year high of $72.55. 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 (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.01. The business had revenue of $14.67 billion for the quarter, compared to analysts’ expectations of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the company posted $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, equities analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CSCO. Bank of America raised their target price on shares of Cisco Systems from $76.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. Barclays raised their price target on shares of Cisco Systems from $66.00 to $71.00 and gave the company an “equal weight” rating in a research report on Thursday, August 14th. CICC Research began coverage on shares of Cisco Systems in a research report on Monday, July 14th. They set an “outperform” rating and a $78.00 price target for the company. Evercore ISI lifted their target price on shares of Cisco Systems from $72.00 to $74.00 and gave the stock an “in-line” rating in a research report on Thursday, August 14th. Finally, Hsbc Global Res downgraded 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 issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $74.53.

Insider Activity at Cisco Systems

In related news, EVP Oliver Tuszik sold 17,526 shares of Cisco Systems stock in a transaction on Friday, September 19th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thimaya K. Subaiya sold 7,511 shares of Cisco Systems stock in a transaction on 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. This trade represents a 4.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,965 shares of company stock worth $5,559,996 in the last 90 days. Company insiders own 0.01% of the company’s stock.

Cisco Systems 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.