Evergreen Wealth Management LLC Decreases Position in Cisco Systems, Inc. $CSCO

Evergreen Wealth Management LLC trimmed its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 18.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,672 shares of the network equipment provider’s stock after selling 7,616 shares during the quarter. Cisco Systems makes up 1.3% of Evergreen Wealth Management LLC’s portfolio, making the stock its 25th biggest holding. Evergreen Wealth Management LLC’s holdings in Cisco Systems were worth $2,406,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quaker Wealth Management LLC lifted its position in shares of Cisco Systems by 184.0% in the second quarter. Quaker Wealth Management LLC now owns 5,916 shares of the network equipment provider’s stock valued at $410,000 after acquiring an additional 12,958 shares in the last quarter. Oarsman Capital Inc. lifted its position in shares of Cisco Systems by 1.4% in the second quarter. Oarsman Capital Inc. now owns 32,726 shares of the network equipment provider’s stock valued at $2,271,000 after acquiring an additional 448 shares in the last quarter. Bank of Jackson Hole Trust lifted its position in shares of Cisco Systems by 16.9% in the second quarter. Bank of Jackson Hole Trust now owns 8,959 shares of the network equipment provider’s stock valued at $622,000 after acquiring an additional 1,295 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Cisco Systems by 6.0% in the second quarter. Jennison Associates LLC now owns 3,489,029 shares of the network equipment provider’s stock valued at $242,069,000 after acquiring an additional 199,035 shares in the last quarter. Finally, Markel Group Inc. lifted its position in shares of Cisco Systems by 2.2% in the second quarter. Markel Group Inc. now owns 349,500 shares of the network equipment provider’s stock valued at $24,248,000 after acquiring an additional 7,500 shares in the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Cisco Systems Stock Performance

Shares of NASDAQ:CSCO opened at $72.62 on Wednesday. The firm has a market capitalization of $287.08 billion, a PE ratio of 27.72, a P/E/G ratio of 3.00 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The business has a 50-day moving average of $68.51 and a two-hundred day moving average of $65.95. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $72.68.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results 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. The company had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The firm’s revenue was up 7.6% on a year-over-year basis. During the same period 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. As a group, research analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

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

Insider Activity at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 2,718 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $68.08, for a total value of $185,041.44. Following the completion of the sale, the executive vice president owned 157,184 shares in the company, valued at approximately $10,701,086.72. This trade represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thimaya K. Subaiya sold 1,744 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $66.78, for a total value of $116,464.32. Following the completion of the sale, the executive vice president owned 158,009 shares of the company’s stock, valued at approximately $10,551,841.02. This trade represents a 1.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 82,965 shares of company stock valued at $5,559,996 over the last three months. Insiders own 0.01% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on CSCO shares. William Blair upgraded Cisco Systems to a “hold” rating in a research report on Thursday, August 14th. Piper Sandler upped their price objective on Cisco Systems from $64.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, August 14th. Barclays upped their target price on Cisco Systems from $66.00 to $71.00 and gave the company an “equal weight” rating in a research note on Thursday, August 14th. Bank of America upped their target price on Cisco Systems from $76.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. Finally, Wells Fargo & Company upped their target price on Cisco Systems from $75.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cisco Systems has a consensus rating of “Moderate Buy” and a consensus target price of $74.72.

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.