Ascent Group LLC Cuts Holdings in Cisco Systems, Inc. $CSCO

Ascent Group LLC lessened its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 5.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 106,645 shares of the network equipment provider’s stock after selling 6,248 shares during the quarter. Ascent Group LLC’s holdings in Cisco Systems were worth $7,399,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Creative Capital Management Investments LLC grew its stake in Cisco Systems by 207.7% in the 2nd quarter. Creative Capital Management Investments LLC now owns 963 shares of the network equipment provider’s stock worth $67,000 after buying an additional 650 shares in the last quarter. Two Point Capital Management Inc. purchased a new position in Cisco Systems in the 2nd quarter worth approximately $9,913,000. Whelan Financial grew its stake in Cisco Systems by 5.0% in the 2nd quarter. Whelan Financial now owns 3,404 shares of the network equipment provider’s stock worth $236,000 after buying an additional 161 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of Cisco Systems by 3.5% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 429,952 shares of the network equipment provider’s stock valued at $29,830,000 after purchasing an additional 14,490 shares in the last quarter. Finally, HighMark Wealth Management LLC boosted its stake in shares of Cisco Systems by 80.0% in the 2nd quarter. HighMark Wealth Management LLC now owns 1,697 shares of the network equipment provider’s stock valued at $118,000 after purchasing an additional 754 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Down 0.6%

Shares of NASDAQ CSCO opened at $67.92 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $72.55. The firm has a market capitalization of $268.50 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 2.87 and a beta of 0.97. The firm has a fifty day simple moving average of $68.10 and a two-hundred day simple moving average of $64.57.

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 the consensus estimate of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The business had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. During the same period in the prior year, the business earned $0.87 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Equities analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be issued a $0.41 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.64 annualized dividend and a yield of 2.4%. Cisco Systems’s dividend payout ratio is 62.60%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CSCO. Wall Street Zen cut shares of Cisco Systems from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 12th. Bank of America upped their price objective 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. UBS Group upped 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. Morgan Stanley upped their price objective on shares of Cisco Systems from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Finally, CICC Research began 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. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Cisco Systems has an average rating of “Moderate Buy” and a consensus target price of $74.53.

Insiders Place Their Bets

In other Cisco Systems news, EVP Oliver Tuszik sold 17,526 shares of the company’s stock in a transaction 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 transaction, the executive vice president directly owned 198,855 shares in the company, valued at approximately $13,512,197.25. This represents a 8.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Charles Robbins sold 30,557 shares of the company’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,965 shares of company stock worth $5,559,996. 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.