Petros Family Wealth LLC Sells 629 Shares of Cisco Systems, Inc. $CSCO

Petros Family Wealth LLC lessened its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,377 shares of the network equipment provider’s stock after selling 629 shares during the period. Cisco Systems accounts for approximately 1.9% of Petros Family Wealth LLC’s holdings, making the stock its 11th biggest position. Petros Family Wealth LLC’s holdings in Cisco Systems were worth $2,038,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CSCO. Joule Financial LLC lifted its position in shares of Cisco Systems by 3.8% in the second quarter. Joule Financial LLC now owns 24,343 shares of the network equipment provider’s stock worth $1,689,000 after buying an additional 886 shares in the last quarter. Knights of Columbus Asset Advisors LLC raised its holdings in shares of Cisco Systems by 3.9% during the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 316,030 shares of the network equipment provider’s stock worth $21,926,000 after acquiring an additional 11,989 shares in the last quarter. Glass Wealth Management Co LLC boosted its position in shares of Cisco Systems by 1.6% during the 2nd quarter. Glass Wealth Management Co LLC now owns 29,455 shares of the network equipment provider’s stock valued at $2,044,000 after acquiring an additional 450 shares during the last quarter. Three Bridge Wealth Advisors LLC purchased a new position in shares of Cisco Systems in the second quarter valued at $272,000. Finally, Merit Financial Group LLC increased its position in Cisco Systems by 28.3% in the second quarter. Merit Financial Group LLC now owns 221,467 shares of the network equipment provider’s stock worth $15,365,000 after purchasing an additional 48,889 shares during the last quarter. 73.33% of the stock is owned by institutional investors.

Insider Activity

In other Cisco Systems news, CEO Charles Robbins sold 30,557 shares of the 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 transaction, the chief executive officer directly owned 639,000 shares of the company’s stock, valued at $42,576,570. This trade represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Thimaya K. Subaiya sold 7,511 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $66.84, for a total transaction of $502,035.24. Following the sale, the executive vice president directly owned 161,467 shares of the company’s stock, valued at $10,792,454.28. This represents a 4.44% decrease in their position. The disclosure for this sale can be found here. Over the last ninety 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 Performance

CSCO opened at $67.92 on Monday. Cisco Systems, Inc. has a 12-month low of $52.11 and a 12-month high of $72.55. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $268.50 billion, a PE ratio of 25.92, a P/E/G ratio of 2.85 and a beta of 0.97. The firm has a 50 day moving average of $68.10 and a two-hundred day moving average of $64.62.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data 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. 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 business’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company 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. On average, analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems’s dividend payout ratio is presently 62.60%.

Analyst Upgrades and Downgrades

CSCO has been the subject of a number of recent research reports. CICC Research assumed 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. Bank of America lifted their price target on Cisco Systems from $76.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Rosenblatt Securities restated a “buy” rating and set a $87.00 price objective on shares of Cisco Systems in a research report on Thursday, August 14th. JPMorgan Chase & Co. raised their price objective on Cisco Systems from $73.00 to $78.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Finally, Wall Street Zen downgraded Cisco Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $74.53.

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.