Aspen Wealth Strategies LLC Sells 1,072 Shares of Cisco Systems, Inc. $CSCO

Aspen Wealth Strategies LLC decreased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 7.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 13,613 shares of the network equipment provider’s stock after selling 1,072 shares during the period. Cisco Systems makes up 0.6% of Aspen Wealth Strategies LLC’s investment portfolio, making the stock its 26th biggest holding. Aspen Wealth Strategies LLC’s holdings in Cisco Systems were worth $944,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Kingstone Capital Partners Texas LLC acquired a new position in Cisco Systems during the 2nd quarter worth approximately $904,542,000. Goldman Sachs Group Inc. grew its position in shares of Cisco Systems by 37.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider’s stock valued at $2,898,722,000 after acquiring an additional 12,775,066 shares during the period. Nuveen LLC acquired a new position in Cisco Systems during the first quarter worth approximately $750,495,000. Pacer Advisors Inc. raised its stake in Cisco Systems by 1,144.2% in the first quarter. Pacer Advisors Inc. now owns 8,120,886 shares of the network equipment provider’s stock valued at $501,140,000 after buying an additional 7,468,212 shares during the period. Finally, Acadian Asset Management LLC lifted its position in shares of Cisco Systems by 255.9% in the first quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider’s stock valued at $482,509,000 after buying an additional 5,622,672 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Oliver Tuszik sold 17,526 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president owned 198,855 shares of the company’s stock, valued at approximately $13,512,197.25. This trade represents a 8.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $68.08, for a total value of $185,041.44. Following the completion of the transaction, the executive vice president owned 157,184 shares in the company, valued at $10,701,086.72. This represents a 1.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 82,965 shares of company stock worth $5,559,996 in the last quarter. Insiders own 0.01% of the company’s stock.

Analysts Set New Price Targets

CSCO has been the subject of a number of research reports. CICC Research initiated coverage on shares of Cisco Systems in a research note on Monday, July 14th. They set an “outperform” rating and a $78.00 target price for the company. UBS Group raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and upped their price target for the stock from $74.00 to $88.00 in a report on Monday, November 3rd. Morgan Stanley raised their price objective on Cisco Systems from $73.00 to $77.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Hsbc Global Res downgraded shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Finally, JPMorgan Chase & Co. raised their target price on shares of Cisco Systems from $73.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Cisco Systems presently has a consensus rating of “Moderate Buy” and an average price target of $75.50.

Cisco Systems Price Performance

Shares of CSCO opened at $71.07 on Monday. The firm has a market cap of $280.07 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 3.00 and a beta of 0.95. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $74.84. The business’s 50 day moving average price is $69.19 and its two-hundred day moving average price is $66.94. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results 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. 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 analysts’ expectations of $14.63 billion. During the same period last year, the company posted $0.87 earnings per share. The business’s quarterly revenue 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. On average, equities analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd were issued a dividend of $0.41 per share. The ex-dividend date was Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.3%. Cisco Systems’s payout ratio is currently 62.60%.

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.