Westpac Banking Corp Reduces Position in Cisco Systems, Inc. $CSCO

Westpac Banking Corp trimmed its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 2.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 173,034 shares of the network equipment provider’s stock after selling 5,014 shares during the quarter. Cisco Systems makes up 0.9% of Westpac Banking Corp’s investment portfolio, making the stock its 14th largest position. Westpac Banking Corp’s holdings in Cisco Systems were worth $13,426,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CSCO. Signature Resources Capital Management LLC lifted its holdings in Cisco Systems by 2.3% during the 1st quarter. Signature Resources Capital Management LLC now owns 5,061 shares of the network equipment provider’s stock worth $393,000 after buying an additional 116 shares during the last quarter. Smithfield Trust Co boosted its position in shares of Cisco Systems by 0.3% during the 4th quarter. Smithfield Trust Co now owns 33,666 shares of the network equipment provider’s stock worth $2,596,000 after acquiring an additional 117 shares in the last quarter. Pacific Sage Partners LLC increased its holdings in shares of Cisco Systems by 0.7% in the 1st quarter. Pacific Sage Partners LLC now owns 16,185 shares of the network equipment provider’s stock valued at $1,256,000 after acquiring an additional 118 shares during the last quarter. Capstone Wealth Management Group LLC increased its holdings in shares of Cisco Systems by 3.2% in the 4th quarter. Capstone Wealth Management Group LLC now owns 3,818 shares of the network equipment provider’s stock valued at $294,000 after acquiring an additional 120 shares during the last quarter. Finally, Hilton Head Capital Partners LLC raised its position in shares of Cisco Systems by 0.9% during the 1st quarter. Hilton Head Capital Partners LLC now owns 13,488 shares of the network equipment provider’s stock worth $1,047,000 after acquiring an additional 120 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 6,586 shares of Cisco Systems stock in a transaction on Friday, May 15th. The shares were sold at an average price of $117.31, for a total value of $772,603.66. Following the transaction, the executive vice president directly owned 177,223 shares in the company, valued at approximately $20,790,030.13. The trade was a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Robbins sold 21,400 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $120.03, for a total transaction of $2,568,642.00. Following the completion of the sale, the chief executive officer directly owned 637,085 shares of the company’s stock, valued at $76,469,312.55. The trade was a 3.25% 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 have sold 47,650 shares of company stock worth $5,668,823 over the last 90 days. 0.01% of the stock is owned by corporate insiders.

Trending Headlines about Cisco Systems

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

• Positive Sentiment: Wall Street sentiment remains constructive, with one report noting Cisco’s average analyst recommendation is still “Moderate Buy,” and another saying Wall Street Zen upgraded the stock to “Buy.” Cisco Systems, Inc. (NASDAQ:CSCO) Given Average Recommendation of “Moderate Buy” by Analysts
• Positive Sentiment: Investors are also focusing on Cisco’s AI-networking potential, including coverage asking whether the company can lead the AI network boom and highlighting Cisco’s quantum networking tests plus a new AI contact-center partnership for Webex. Can Cisco Systems (NASDAQ:CSCO) Lead the AI Network Boom?
• Positive Sentiment: Some market commentary remains bullish, including a price-prediction piece arguing Cisco could continue to benefit from its growing AI infrastructure exposure and recent order momentum. Price Prediction: Cisco Stock Will Double on This Date
• Neutral Sentiment: Cisco has also been a heavily discussed/trending stock, which can support trading interest but does not by itself change fundamentals. 3 Reasons to Sell CSCO and 1 Stock to Buy Instead
• Negative Sentiment: One article framed Cisco as overextended after a strong six-month rally, suggesting some investors may be taking profits after a big run-up in the stock. 3 Reasons to Sell CSCO and 1 Stock to Buy Instead
• Negative Sentiment: Short-term trading has been choppy, with a recent report noting Cisco underperformed the broader market in the latest session and another saying the stock dipped amid speculation about a possible Zafran Security acquisition. Cisco Systems (CSCO) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Cisco Systems Trading Up 1.3%

NASDAQ:CSCO opened at $112.18 on Wednesday. The company has a market capitalization of $442.15 billion, a PE ratio of 36.42, a P/E/G ratio of 2.82 and a beta of 1.02. Cisco Systems, Inc. has a 52-week low of $65.75 and a 52-week high of $130.37. The stock’s 50 day moving average price is $117.89 and its 200 day moving average price is $93.92. The company has a quick ratio of 0.81, a current ratio of 0.92 and a debt-to-equity ratio of 0.40.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 28.44% and a net margin of 20.14%.The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 earnings per share. 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. On average, research analysts anticipate that Cisco Systems, Inc. will post 3.54 EPS for the current year.

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Monday, July 6th will be given a $0.42 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.68 annualized dividend and a yield of 1.5%. Cisco Systems’s dividend payout ratio is 54.55%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CSCO shares. New Street Research boosted their target price on Cisco Systems from $82.00 to $122.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. BNP Paribas Exane increased their price target on shares of Cisco Systems from $87.00 to $132.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. 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. Bank of America boosted their price objective on shares of Cisco Systems from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Finally, Zacks Research upgraded shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Cisco Systems currently has an average rating of “Moderate Buy” and an average target price of $123.14.

Cisco Systems Profile

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.