Cisco Systems, Inc. $CSCO Stock Position Decreased by Commonwealth Retirement Investments LLC

Commonwealth Retirement Investments LLC cut its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 50.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 59,681 shares of the network equipment provider’s stock after selling 60,490 shares during the quarter. Cisco Systems comprises 1.6% of Commonwealth Retirement Investments LLC’s holdings, making the stock its 17th biggest position. Commonwealth Retirement Investments LLC’s holdings in Cisco Systems were worth $4,141,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Financial Connections Group Inc. increased its position in shares of Cisco Systems by 89.4% in the second 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. purchased a new position in shares of Cisco Systems in the first quarter worth approximately $31,000. Nova Wealth Management Inc. purchased a new position in Cisco Systems during the 1st quarter worth approximately $31,000. Brown Shipley& Co Ltd purchased a new position in Cisco Systems during the 2nd quarter worth approximately $32,000. Finally, Accent Capital Management LLC purchased a new position in Cisco Systems during the 1st quarter worth approximately $36,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CSCO. Rosenblatt Securities reiterated a “buy” rating and set a $87.00 price target on shares of Cisco Systems in a report on Thursday, August 14th. Morgan Stanley lifted their target price on Cisco Systems from $73.00 to $77.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Bank of America lifted 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. Piper Sandler lifted their target price on Cisco Systems from $64.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, August 14th. Finally, William Blair raised shares of Cisco Systems to a “hold” rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Cisco Systems currently has a consensus rating of “Moderate Buy” and an average target price of $75.50.

Cisco Systems Trading Down 2.9%

Shares of NASDAQ CSCO opened at $72.32 on Wednesday. The stock has a market cap of $284.99 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 3.00 and a beta of 0.97. The business has a 50 day simple moving average of $69.05 and a 200 day simple moving average of $66.59. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week high of $74.84. 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 announced its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.98 by $0.01. The business had revenue of $14.67 billion during the quarter, compared to analysts’ expectations of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. On average, research analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd were issued a $0.41 dividend. The ex-dividend date 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 currently 62.60%.

Insider Transactions at Cisco Systems

In related news, CEO Charles Robbins sold 30,557 shares of the company’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $66.63, for a total value of $2,036,012.91. Following the completion of the sale, the chief executive officer directly owned 639,000 shares in the company, valued at approximately $42,576,570. This represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Oliver Tuszik sold 17,526 shares of the company’s stock in a transaction dated 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 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 SEC filing for this sale provides additional information. Insiders sold a total of 82,965 shares of company stock valued at $5,559,996 in the last three months. 0.01% of the stock is currently 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.