Cisco Systems, Inc. $CSCO Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 19.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 226,988 shares of the network equipment provider’s stock after selling 55,926 shares during the period. Metis Global Partners LLC’s holdings in Cisco Systems were worth $15,748,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CSCO. Financial Connections Group Inc. boosted its holdings 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 valued at $28,000 after acquiring an additional 193 shares during the period. Legacy Investment Solutions LLC acquired a new stake in Cisco Systems during the 2nd quarter worth $28,000. Pandora Wealth Inc. acquired a new stake in Cisco Systems during the 1st quarter worth $31,000. Nova Wealth Management Inc. purchased a new position in Cisco Systems during the 1st quarter worth $31,000. Finally, Brown Shipley& Co Ltd acquired a new position in Cisco Systems in the second quarter valued at $32,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Up 0.0%

CSCO opened at $71.07 on Friday. 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 simple moving average of $69.19 and a 200-day simple moving average of $66.78. The stock has a market capitalization of $280.07 billion, a P/E ratio of 27.13, a P/E/G ratio of 3.00 and a beta of 0.95. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $74.84.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The firm had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. Cisco Systems’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 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd were paid a $0.41 dividend. 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 dividend payout ratio (DPR) is 62.60%.

Analyst Ratings Changes

CSCO has been the subject of several recent research reports. Wall Street Zen downgraded shares of Cisco Systems from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 12th. Bank of America increased their price objective on Cisco Systems from $76.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. William Blair raised Cisco Systems to a “hold” rating in a report on Thursday, August 14th. Hsbc Global Res cut Cisco Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Finally, Barclays lifted 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 report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $75.50.

Insider Activity

In other news, EVP Oliver Tuszik sold 17,526 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the sale, the executive vice president 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Charles Robbins sold 30,557 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 639,000 shares of the company’s stock, valued at $42,576,570. The trade was a 4.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 82,965 shares of company stock valued at $5,559,996 in the last quarter. Insiders own 0.01% of the company’s stock.

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.