Cisco Systems, Inc. $CSCO Holdings Decreased by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. reduced its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 93.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,579 shares of the network equipment provider’s stock after selling 85,114 shares during the period. Cisco Systems comprises about 0.8% of Thurston Springer Miller Herd & Titak Inc.’s holdings, making the stock its 20th largest holding. Thurston Springer Miller Herd & Titak Inc.’s holdings in Cisco Systems were worth $382,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bare Financial Services Inc boosted its holdings in shares of Cisco Systems by 531.0% during the second quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider’s stock worth $25,000 after purchasing an additional 308 shares during the period. Financial Connections Group Inc. raised its stake in shares of Cisco Systems by 89.4% during the 2nd quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock worth $28,000 after purchasing an additional 193 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of Cisco Systems during the 2nd quarter valued at about $28,000. Nova Wealth Management Inc. bought a new stake in shares of Cisco Systems in the 1st quarter valued at approximately $31,000. Finally, Brown Shipley& Co Ltd acquired a new position in Cisco Systems in the second quarter worth approximately $32,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Down 0.9%

NASDAQ CSCO opened at $77.55 on Wednesday. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $80.82. The stock has a market cap of $306.41 billion, a PE ratio of 29.15, a PEG ratio of 2.96 and a beta of 0.87. The firm has a 50-day simple moving average of $74.12 and a 200 day simple moving average of $69.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.83 and a current ratio of 0.93.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. Cisco Systems had a return on equity of 27.29% and a net margin of 18.38%.The company had revenue of $14.88 billion for the quarter, compared to the consensus estimate of $14.77 billion. During the same period in the previous year, the business earned $0.91 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS and its Q2 2026 guidance at 1.010-1.030 EPS. On average, research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be given a dividend of $0.41 per share. The ex-dividend date is Friday, January 2nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.1%. Cisco Systems’s dividend payout ratio (DPR) is 61.65%.

Analyst Ratings Changes

Several research firms have commented on CSCO. HSBC boosted their target price on shares of Cisco Systems from $69.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, November 14th. Citic Securities raised their target price on Cisco Systems from $75.00 to $90.00 in a report on Monday, November 17th. Argus upped their price target on Cisco Systems from $80.00 to $100.00 in a research note on Thursday, November 13th. BNP Paribas Exane raised their price objective on Cisco Systems from $76.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, November 13th. Finally, KeyCorp boosted their target price on Cisco Systems from $77.00 to $87.00 and gave the stock an “overweight” rating in a report on Thursday, November 13th. Seventeen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.14.

Insider Activity

In other news, insider Jeetendra I. Patel sold 163,896 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $77.86, for a total value of $12,760,942.56. Following the transaction, the insider directly owned 281,108 shares of the company’s stock, valued at $21,887,068.88. The trade was a 36.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Robbins sold 281,860 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $78.35, for a total value of $22,083,731.00. Following the sale, the chief executive officer owned 820,887 shares in the company, valued at approximately $64,316,496.45. This trade represents a 25.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,021,910 shares of company stock worth $79,463,804 over the last ninety days. Corporate insiders own 0.01% of the company’s stock.

Cisco Systems Profile

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.