Cidel Asset Management Inc. Sells 3,061 Shares of Cisco Systems, Inc. $CSCO

Cidel Asset Management Inc. lowered its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 8.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,285 shares of the network equipment provider’s stock after selling 3,061 shares during the quarter. Cidel Asset Management Inc.’s holdings in Cisco Systems were worth $2,171,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted 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 acquiring an additional 24,562 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in Cisco Systems by 37.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider’s stock worth $542,000 after purchasing an additional 2,474 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Cisco Systems by 16.6% during the 1st quarter. GAMMA Investing LLC now owns 108,871 shares of the network equipment provider’s stock valued at $6,718,000 after purchasing an additional 15,514 shares during the last quarter. ORG Wealth Partners LLC grew its position in shares of Cisco Systems by 18.4% during the first quarter. ORG Wealth Partners LLC now owns 1,287 shares of the network equipment provider’s stock valued at $80,000 after purchasing an additional 200 shares in the last quarter. Finally, ORG Partners LLC increased its holdings in shares of Cisco Systems by 18.9% in the first quarter. ORG Partners LLC now owns 1,693 shares of the network equipment provider’s stock worth $105,000 after purchasing an additional 269 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Up 1.5%

Shares of CSCO opened at $70.13 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The business has a fifty day moving average of $68.20 and a 200 day moving average of $65.14. The company has a market cap of $277.24 billion, a PE ratio of 26.77, a P/E/G ratio of 2.95 and a beta of 0.97. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $72.55.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. The business had revenue of $14.67 billion for 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 for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.87 earnings per share. 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, sell-side analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, October 3rd. Cisco Systems’s payout ratio is 62.60%.

Wall Street Analysts Forecast Growth

CSCO has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price target on Cisco Systems from $73.00 to $78.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Piper Sandler upped their price objective on Cisco Systems from $64.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, August 14th. William Blair raised shares of Cisco Systems to a “hold” rating in a report on Thursday, August 14th. Rosenblatt Securities reaffirmed a “buy” rating and set a $87.00 price target on shares of Cisco Systems in a research note on Thursday, August 14th. Finally, Bank of America lifted their price objective on shares of Cisco Systems from $76.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. One 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.72.

Insider Buying and Selling at Cisco Systems

In other news, CEO Charles Robbins sold 30,557 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 639,000 shares of the company’s stock, valued at approximately $42,576,570. This represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $651,547.80. Following the sale, the executive vice president directly owned 161,662 shares of the company’s stock, valued at $10,766,689.20. This represents a 5.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 82,965 shares of company stock valued at $5,559,996. 0.01% of the stock is owned by company insiders.

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.