Parr Mcknight Wealth Management Group LLC lessened its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 5.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 103,468 shares of the network equipment provider’s stock after selling 6,023 shares during the quarter. Cisco Systems makes up 1.3% of Parr Mcknight Wealth Management Group LLC’s holdings, making the stock its 16th biggest holding. Parr Mcknight Wealth Management Group LLC’s holdings in Cisco Systems were worth $11,136,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of CSCO. Bridgewater Advisors Inc. acquired a new stake in Cisco Systems during the 2nd quarter worth approximately $6,442,000. Beacon Pointe Advisors LLC acquired a new position in Cisco Systems in the 2nd quarter valued at approximately $60,009,000. Western Wealth Management LLC increased its position in Cisco Systems by 60.5% in the 1st quarter. Western Wealth Management LLC now owns 76,372 shares of the network equipment provider’s stock valued at $5,926,000 after acquiring an additional 28,792 shares during the period. ABN AMRO Bank N.V. bought a new position in shares of Cisco Systems during the second quarter valued at $19,114,000. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Cisco Systems by 24.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 363,506 shares of the network equipment provider’s stock valued at $47,287,000 after acquiring an additional 71,774 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Cisco Systems
In related news, EVP Oliver Tuszik sold 2,760 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $112.46, for a total value of $310,389.60. Following the transaction, the executive vice president owned 165,276 shares in the company, valued at $18,586,938.96. The trade was a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Robbins sold 21,628 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $111.54, for a total transaction of $2,412,387.12. Following the sale, the chief executive officer directly owned 602,710 shares in the company, valued at $67,226,273.40. This trade represents a 3.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 44,869 shares of company stock valued at $5,005,620 over the last three months. 0.01% of the stock is currently owned by corporate insiders.
Cisco Systems Stock Performance
NASDAQ:CSCO opened at $102.97 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.79 and a current ratio of 0.93. Cisco Systems, Inc. has a fifty-two week low of $70.54 and a fifty-two week high of $130.37. The company has a 50 day simple moving average of $109.67 and a two-hundred day simple moving average of $101.28. The company has a market capitalization of $405.97 billion, a PE ratio of 30.83, a P/E/G ratio of 2.12 and a beta of 1.01.
Cisco Systems (NASDAQ:CSCO – Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The firm had revenue of $17.25 billion for the quarter, compared to the consensus estimate of $16.84 billion. During the same quarter in the previous year, the company earned $0.99 EPS. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. Research analysts anticipate that Cisco Systems, Inc. will post 4.42 earnings per share for the current year.
Cisco Systems Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 21st. Investors of record on Friday, October 2nd were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, October 2nd. Cisco Systems’s dividend payout ratio (DPR) is currently 50.30%.
Analyst Upgrades and Downgrades
CSCO has been the topic of a number of recent research reports. Truist Financial lifted their price target on shares of Cisco Systems from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft began coverage on Cisco Systems in a report on Tuesday, September 1st. They issued a “buy” rating and a $135.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cisco Systems in a research report on Wednesday, August 26th. KeyCorp lifted their target price on Cisco Systems from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Finally, Sanford C. Bernstein started coverage on Cisco Systems in a research report on Wednesday, September 30th. They issued a “market perform” rating and a $110.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Cisco Systems has an average rating of “Moderate Buy” and a consensus target price of $128.52.
Read Our Latest Report on Cisco Systems
Cisco Systems Company Profile
Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration and observability solutions for businesses, government organizations and service providers. Its offerings include routers, switches, wireless networking equipment, data-center infrastructure, security software and services, as well as technologies that support cloud and hybrid IT environments.
The company also provides collaboration tools through its Webex portfolio, cloud-managed networking through Cisco Meraki and security and observability capabilities that include technologies from Splunk, which Cisco acquired in 2024.
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