Cisco Systems, Inc. $CSCO Shares Sold by Praxis Investment Management Inc.

Praxis Investment Management Inc. decreased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,040 shares of the network equipment provider’s stock after selling 1,060 shares during the period. Praxis Investment Management Inc.’s holdings in Cisco Systems were worth $6,802,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Brighton Jones LLC grew its position in shares of Cisco Systems by 49.5% during the fourth quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider’s stock worth $4,392,000 after buying an additional 24,562 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Cisco Systems by 37.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider’s stock worth $542,000 after acquiring an additional 2,474 shares in the last quarter. GAMMA Investing LLC grew its holdings in Cisco Systems by 16.6% during the 1st quarter. GAMMA Investing LLC now owns 108,871 shares of the network equipment provider’s stock worth $6,718,000 after acquiring an additional 15,514 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Cisco Systems by 28.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,037,909 shares of the network equipment provider’s stock worth $249,180,000 after purchasing an additional 904,548 shares in the last quarter. Finally, Johnson Investment Counsel Inc. grew its stake in shares of Cisco Systems by 3.7% during the first quarter. Johnson Investment Counsel Inc. now owns 228,328 shares of the network equipment provider’s stock worth $14,090,000 after purchasing an additional 8,116 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insider Activity at Cisco Systems

In related news, EVP Deborah L. Stahlkopf sold 2,718 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $68.08, for a total transaction of $185,041.44. Following the completion of the sale, the executive vice president directly owned 157,184 shares of the company’s stock, valued at $10,701,086.72. This trade represents a 1.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Oliver Tuszik sold 17,526 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $67.95, for a total value of $1,190,891.70. Following the sale, the executive vice president directly owned 198,855 shares of the company’s stock, valued at approximately $13,512,197.25. This represents a 8.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,965 shares of company stock worth $5,559,996 in the last ninety days. Company insiders own 0.01% of the company’s stock.

Analyst Ratings Changes

CSCO has been the subject of several analyst reports. CICC Research initiated coverage on Cisco Systems in a research report on Monday, July 14th. They set an “outperform” rating and a $78.00 price objective for the company. Bank of America upped their price target on Cisco Systems from $76.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, August 14th. KeyCorp began coverage on Cisco Systems in a report on Thursday, June 26th. They issued an “overweight” rating and a $77.00 price target for the company. HSBC restated a “hold” rating and issued a $69.00 target price on shares of Cisco Systems in a report on Friday, August 15th. Finally, Piper Sandler upped their target price on shares of Cisco Systems from $64.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Cisco Systems has an average rating of “Moderate Buy” and a consensus price target of $74.72.

Cisco Systems Price Performance

CSCO stock opened at $69.09 on Friday. The company has a market capitalization of $273.13 billion, a P/E ratio of 26.37, a PEG ratio of 2.93 and a beta of 0.97. The business has a 50 day simple moving average of $68.23 and a 200-day simple moving average of $65.06. 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 twelve month low of $52.11 and a twelve month high of $72.55.

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 analysts’ consensus estimates of $0.98 by $0.01. The firm had revenue of $14.67 billion during 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%. Cisco Systems’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business 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. As a group, equities analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

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

About Cisco Systems

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.