Van Hulzen Asset Management LLC Sells 63,751 Shares of Cisco Systems, Inc. $CSCO

Van Hulzen Asset Management LLC decreased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 19.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 259,194 shares of the network equipment provider’s stock after selling 63,751 shares during the period. Cisco Systems accounts for about 2.2% of Van Hulzen Asset Management LLC’s holdings, making the stock its 11th largest position. Van Hulzen Asset Management LLC’s holdings in Cisco Systems were worth $30,445,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Veratis Advisors Inc. acquired a new stake in Cisco Systems in the 2nd quarter worth approximately $845,000. Verity Asset Management Inc. grew its holdings in Cisco Systems by 5.7% during the second quarter. Verity Asset Management Inc. now owns 5,655 shares of the network equipment provider’s stock valued at $664,000 after purchasing an additional 303 shares during the last quarter. Wood Tarver Financial Group LLC bought a new position in shares of Cisco Systems in the second quarter valued at approximately $276,000. Park Place Capital Corp raised its position in shares of Cisco Systems by 42.8% in the second quarter. Park Place Capital Corp now owns 12,481 shares of the network equipment provider’s stock valued at $1,466,000 after purchasing an additional 3,743 shares during the period. Finally, Peak Asset Management LLC lifted its stake in shares of Cisco Systems by 0.8% in the second quarter. Peak Asset Management LLC now owns 240,883 shares of the network equipment provider’s stock worth $28,294,000 after buying an additional 1,885 shares during the last quarter. 73.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. HSBC lowered shares of Cisco Systems from a “buy” rating to a “hold” rating and lowered their target price for the company from $137.00 to $120.00 in a research note on Friday, August 14th. Bank of America upped their price target on shares of Cisco Systems from $135.00 to $150.00 and gave the company a “buy” rating in a report on Monday, June 8th. Citigroup raised their price target on Cisco Systems from $90.00 to $112.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Evercore lifted their price objective on Cisco Systems from $110.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Finally, JPMorgan Chase & Co. boosted their price objective on Cisco Systems from $95.00 to $96.00 in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Cisco Systems presently has an average rating of “Moderate Buy” and an average target price of $129.43.

Cisco Systems Trading Down 0.7%

Shares of Cisco Systems stock opened at $110.23 on Tuesday. Cisco Systems, Inc. has a 52-week low of $66.13 and a 52-week high of $130.37. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.79. The firm has a market capitalization of $434.46 billion, a PE ratio of 33.00, a price-to-earnings-growth ratio of 2.14 and a beta of 1.02. The company’s fifty day moving average price is $115.82 and its two-hundred day moving average price is $100.56.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 EPS for the quarter, beating the consensus estimate of $1.17 by $0.05. The company had revenue of $17.25 billion for the quarter, compared to the consensus estimate of $16.84 billion. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.99 EPS. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. On average, analysts expect that Cisco Systems, Inc. will post 4.51 EPS for the current year.

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Friday, October 2nd will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.5%. Cisco Systems’s dividend payout ratio (DPR) is currently 50.30%.

Insider Transactions at Cisco Systems

In other news, insider Jeetendra I. Patel sold 7,170 shares of Cisco Systems stock in a transaction on Friday, August 14th. The stock was sold at an average price of $111.57, for a total value of $799,956.90. Following the completion of the sale, the insider directly owned 230,593 shares of the company’s stock, valued at approximately $25,727,261.01. This trade represents a 3.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thimaya K. Subaiya sold 7,127 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $119.91, for a total value of $854,598.57. Following the sale, the executive vice president owned 140,857 shares of the company’s stock, valued at approximately $16,890,162.87. The trade was a 4.82% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 53,611 shares of company stock worth $6,066,680. Corporate insiders own 0.01% of the company’s stock.

About Cisco Systems

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.