Cisco Systems, Inc. $CSCO Shares Sold by Legacy Capital Group California Inc.

Posted by Grant Hamersma on Jul 14th, 2026

Legacy Capital Group California Inc. trimmed its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 28.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,713 shares of the network equipment provider’s stock after selling 6,501 shares during the period. Legacy Capital Group California Inc.’s holdings in Cisco Systems were worth $1,297,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. purchased a new stake in shares of Cisco Systems in the 4th quarter valued at approximately $25,000. Intesa Sanpaolo Wealth Management purchased a new stake in shares of Cisco Systems during the 4th quarter worth $25,000. Networth Advisors LLC grew its stake in shares of Cisco Systems by 276.4% during the first quarter. Networth Advisors LLC now owns 335 shares of the network equipment provider’s stock worth $26,000 after purchasing an additional 246 shares in the last quarter. Financial Life Planners purchased a new position in Cisco Systems in the first quarter valued at $27,000. Finally, Manning & Napier Advisors LLC raised its stake in Cisco Systems by 137.0% in the first quarter. Manning & Napier Advisors LLC now owns 346 shares of the network equipment provider’s stock valued at $27,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Cisco Systems Price Performance

Cisco Systems stock opened at $119.25 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.92 and a quick ratio of 0.81. The business has a 50 day simple moving average of $115.88 and a 200-day simple moving average of $92.47. Cisco Systems, Inc. has a 12 month low of $65.75 and a 12 month high of $130.37. The stock has a market capitalization of $470.02 billion, a PE ratio of 38.72, a price-to-earnings-growth ratio of 3.09 and a beta of 1.02.

Cisco Systems (NASDAQ:CSCO – Get Free Report) last released its earnings results on Wednesday, May 13th. The network equipment provider reported $1.06 EPS for the quarter, topping the consensus estimate of $1.03 by $0.03. The company had revenue of $15.84 billion during the quarter, compared to analysts’ expectations of $15.56 billion. Cisco Systems had a net margin of 20.14% and a return on equity of 28.44%. The business’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the business earned $0.96 EPS. Cisco Systems has set its Q4 2026 guidance at 1.160-1.180 EPS and its FY 2026 guidance at 4.270-4.290 EPS. Equities analysts predict that Cisco Systems, Inc. will post 3.54 earnings per share for the current year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Monday, July 6th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, July 6th. Cisco Systems’s payout ratio is currently 54.55%.

Insider Activity at Cisco Systems

In related news, EVP Thimaya K. Subaiya sold 7,127 shares of Cisco Systems stock in a transaction that occurred 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 directly owned 140,857 shares in the company, valued at $16,890,162.87. The trade was a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeetendra I. Patel sold 7,169 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $117.28, for a total value of $840,780.32. Following the transaction, the insider directly owned 246,737 shares in the company, valued at $28,937,315.36. This represents a 2.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 47,650 shares of company stock worth $5,668,823 in the last three months. 0.01% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CSCO shares. The Goldman Sachs Group lifted their price target on Cisco Systems from $116.00 to $125.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Citic Securities increased their price target on shares of Cisco Systems from $90.00 to $130.00 in a research note on Friday, May 15th. Barclays raised their price objective on shares of Cisco Systems from $76.00 to $121.00 and gave the stock an “equal weight” rating in a report on Thursday, May 14th. Evercore boosted their price objective on shares of Cisco Systems from $110.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Finally, Truist Financial started coverage on shares of Cisco Systems in a report on Tuesday, March 31st. They issued a “buy” rating and a $94.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Cisco Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.14.

View Our Latest Analysis on CSCO

More Cisco Systems News

Here are the key news stories impacting Cisco Systems this week:

Positive Sentiment: Analysts are highlighting Cisco’s favorable fundamentals after its recent earnings beat, including stronger-than-expected revenue, EPS, and guidance, which supports the stock’s upward momentum. Analysts Offer Insights on Technology Companies: Cisco Systems (CSCO) and Asana (ASAN)
Positive Sentiment: Investor interest remains high in Cisco’s AI infrastructure business, with commentary pointing to it as an underappreciated growth engine that could help drive future sales. The Overlooked Growth Engine Powering Cisco Systems Stock
Positive Sentiment: Cisco’s president said AI is likely to create more work than it eliminates, reinforcing the company’s view that AI will increase demand for networking and enterprise infrastructure rather than reduce it. Cisco president says ‘the future will likely have more jobs’ as AI could create more work than it eliminates
Positive Sentiment: A bullish market note argued Cisco has been “red-hot” in 2026 thanks to strong demand for AI infrastructure solutions, suggesting the stock’s recent strength is tied to improving growth expectations. Bull of the Day: Cisco Systems (CSCO)
Neutral Sentiment: One report said Cisco underperformed competitors on Monday, which may reflect short-term relative weakness even amid a broader positive trend. Cisco Systems Inc. stock underperforms Monday when compared to competitors
Neutral Sentiment: Coverage on the UCaaS market’s long-term growth outlook is broadly favorable for networking and communications vendors, but it is more of an industry tailwind than a direct Cisco-specific catalyst. Global Unified Communication as a Service (UCaaS) Market Size to Reach USD 605.5 Billion by 2035
Neutral Sentiment: A general article on AI and cybersecurity deal activity is not directly tied to Cisco’s operations, so it is unlikely to be a major stock driver by itself. The $6 Billion Cybersecurity Prize Tech Giants Are Circling

Cisco Systems Profile

(Free Report)

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.