Mayflower Financial Advisors LLC Sells 638 Shares of Cisco Systems, Inc. $CSCO

Mayflower Financial Advisors LLC trimmed its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 28,283 shares of the network equipment provider’s stock after selling 638 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Cisco Systems were worth $1,962,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Financial Connections Group Inc. grew its stake in Cisco Systems by 89.4% in the 2nd quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock worth $28,000 after acquiring an additional 193 shares in the last quarter. Pandora Wealth Inc. bought a new position in Cisco Systems in the 1st quarter worth about $31,000. Nova Wealth Management Inc. bought a new position in Cisco Systems in the 1st quarter worth about $31,000. Brown Shipley& Co Ltd bought a new position in Cisco Systems in the 2nd quarter worth about $32,000. Finally, Fairway Wealth LLC grew its stake in Cisco Systems by 224.7% in the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider’s stock worth $36,000 after acquiring an additional 400 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

Insider Activity at Cisco Systems

In related news, CEO Charles Robbins sold 30,557 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the completion of the sale, the chief executive officer owned 639,000 shares of the company’s stock, valued at $42,576,570. This represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Oliver Tuszik sold 17,526 shares of the stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the sale, the executive vice president directly owned 198,855 shares of the company’s stock, valued at $13,512,197.25. The trade was a 8.10% 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 valued at $5,559,996 over the last three months. Company insiders own 0.01% of the company’s stock.

Cisco Systems Price Performance

NASDAQ CSCO opened at $72.62 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. The firm’s 50 day moving average price is $68.51 and its 200-day moving average price is $65.95. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $72.68. The company has a market cap of $287.08 billion, a PE ratio of 27.72, a P/E/G ratio of 3.00 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating 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 company had revenue of $14.67 billion during the quarter, compared to analysts’ expectations of $14.63 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. Cisco Systems’s revenue for the quarter was up 7.6% compared to the same quarter last year. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Sell-side analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have commented on CSCO. Bank of America upped their target price 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. 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 target price on the stock. Morgan Stanley increased their price objective on shares of Cisco Systems from $73.00 to $77.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Barclays increased their price objective on shares of Cisco Systems from $66.00 to $71.00 and gave the company an “equal weight” rating in a research note on Thursday, August 14th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $87.00 price objective on shares of Cisco Systems in a research note 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 company. According to data from MarketBeat, Cisco Systems has an average rating of “Moderate Buy” and an average price target of $74.72.

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.