Capital Investment Advisors LLC Sells 8,250 Shares of Cisco Systems, Inc. $CSCO

Capital Investment Advisors LLC decreased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 378,702 shares of the network equipment provider’s stock after selling 8,250 shares during the period. Capital Investment Advisors LLC’s holdings in Cisco Systems were worth $40,760,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CSCO. Capital City Trust Co. FL lifted its position in shares of Cisco Systems by 1.3% during the third quarter. Capital City Trust Co. FL now owns 28,975 shares of the network equipment provider’s stock valued at $3,119,000 after purchasing an additional 371 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its position in Cisco Systems by 1.7% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 108,081 shares of the network equipment provider’s stock worth $11,633,000 after purchasing an additional 1,780 shares in the last quarter. BRIA Capital Group LLC grew its position in Cisco Systems by 9.6% in the 3rd quarter. BRIA Capital Group LLC now owns 20,175 shares of the network equipment provider’s stock worth $2,171,000 after purchasing an additional 1,764 shares in the last quarter. James Investment Research Inc. increased its stake in Cisco Systems by 3.7% in the 3rd quarter. James Investment Research Inc. now owns 23,662 shares of the network equipment provider’s stock valued at $2,547,000 after buying an additional 846 shares during the last quarter. Finally, TSA Wealth Managment LLC increased its stake in Cisco Systems by 5.4% in the 3rd quarter. TSA Wealth Managment LLC now owns 2,432 shares of the network equipment provider’s stock valued at $262,000 after buying an additional 125 shares during the last quarter. 73.33% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related 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 transaction of $799,956.90. Following the transaction, the insider directly owned 230,593 shares in the company, valued at approximately $25,727,261.01. The trade was a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Robbins sold 21,628 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $111.54, for a total value of $2,412,387.12. Following the completion of the transaction, the chief executive officer owned 602,710 shares in the company, valued at $67,226,273.40. The trade was a 3.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 44,869 shares of company stock worth $5,005,620 in the last three months. Corporate insiders own 0.01% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CSCO. Morgan Stanley boosted their target price on Cisco Systems from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Truist Financial lifted their price objective on shares of Cisco Systems from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Piper Sandler decreased their price target on shares of Cisco Systems from $132.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, September 22nd. Barclays lifted their price target on shares of Cisco Systems from $121.00 to $123.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Cisco Systems in a research note on Wednesday, August 26th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Cisco Systems currently has an average rating of “Moderate Buy” and an average price target of $128.52.

Cisco Systems Trading Up 1.5%

NASDAQ CSCO opened at $106.50 on Friday. The stock has a 50 day simple moving average of $110.18 and a two-hundred day simple moving average of $109.86. Cisco Systems, Inc. has a fifty-two week low of $70.06 and a fifty-two week high of $130.37. The stock has a market cap of $419.89 billion, a P/E ratio of 31.89, a price-to-earnings-growth ratio of 2.18 and a beta of 0.99. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.79 and a current ratio of 0.93.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 EPS for the quarter, topping the consensus estimate of $1.17 by $0.05. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The business had revenue of $17.25 billion during the quarter, compared to analyst estimates of $16.84 billion. During the same period in the prior year, the business earned $0.99 EPS. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. 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 forecast that Cisco Systems, Inc. will post 4.42 earnings per share for the current year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, October 2nd. Cisco Systems’s payout ratio is 50.30%.

About Cisco Systems

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration and observability solutions for businesses, government organizations and service providers. Its offerings include routers, switches, wireless networking equipment, data-center infrastructure, security software and services, as well as technologies that support cloud and hybrid IT environments.

The company also provides collaboration tools through its Webex portfolio, cloud-managed networking through Cisco Meraki and security and observability capabilities that include technologies from Splunk, which Cisco acquired in 2024.