Cisco Systems, Inc. $CSCO Shares Sold by Principle Wealth Partners LLC

Principle Wealth Partners LLC lessened its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.4% in the 2nd quarter, Holdings Channel reports. The firm owned 192,456 shares of the network equipment provider’s stock after selling 687 shares during the period. Cisco Systems accounts for 0.8% of Principle Wealth Partners LLC’s investment portfolio, making the stock its 27th largest holding. Principle Wealth Partners LLC’s holdings in Cisco Systems were worth $13,353,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Drive Wealth Management LLC raised its position in shares of 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 purchasing an additional 436 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its holdings in Cisco Systems by 0.7% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider’s stock valued at $55,049,000 after acquiring an additional 6,501 shares during the last quarter. Golden State Wealth Management LLC raised its holdings 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 acquiring an additional 612 shares during the last quarter. Shell Asset Management Co. raised 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 acquiring an additional 26,840 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in Cisco Systems by 255.9% in the 1st quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider’s stock valued at $482,509,000 after acquiring an additional 5,622,672 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insider Transactions at Cisco Systems

In related news, EVP Oliver Tuszik sold 17,526 shares of Cisco Systems stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $67.95, for a total value of $1,190,891.70. Following the completion of the sale, the executive vice president owned 198,855 shares in the company, valued at approximately $13,512,197.25. This trade represents a 8.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Charles Robbins sold 30,557 shares of Cisco Systems stock in a transaction that occurred 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 sale, the chief executive officer owned 639,000 shares of the company’s stock, valued at $42,576,570. This trade represents a 4.56% 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 three months. Company insiders own 0.01% of the company’s stock.

Cisco Systems Stock Down 0.1%

Shares of NASDAQ CSCO opened at $70.66 on Thursday. The company has a 50 day simple moving average of $68.19 and a 200-day simple moving average of $65.38. The company has a market capitalization of $279.33 billion, a P/E ratio of 26.97, 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 1 year low of $52.11 and a 1 year high of $72.55.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The business had revenue of $14.67 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm 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, equities research analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, October 3rd. Cisco Systems’s dividend payout ratio (DPR) is 62.60%.

Analyst Ratings Changes

A number of analysts have commented on CSCO shares. Hsbc Global Res downgraded shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Wolfe Research started coverage on shares of Cisco Systems in a report on Tuesday, July 8th. They issued a “peer perform” rating for the company. UBS Group increased their price objective on shares of Cisco Systems from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $87.00 price objective on shares of Cisco Systems in a report on Thursday, August 14th. Finally, KeyCorp started coverage on shares of Cisco Systems in a report on Thursday, June 26th. They issued an “overweight” rating and a $77.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $74.72.

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.