Cisco Systems, Inc. $CSCO Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC trimmed its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 9.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,040,878 shares of the network equipment provider’s stock after selling 108,928 shares during the quarter. Cisco Systems makes up 0.7% of Gateway Investment Advisers LLC’s investment portfolio, making the stock its 27th largest position. Gateway Investment Advisers LLC’s holdings in Cisco Systems were worth $71,217,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Bare Financial Services Inc raised its stake in Cisco Systems by 531.0% in the second quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider’s stock valued at $25,000 after buying an additional 308 shares in the last quarter. Financial Connections Group Inc. raised its position 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 acquiring an additional 193 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in Cisco Systems during the second quarter worth approximately $28,000. Lowe Wealth Advisors LLC boosted its holdings in Cisco Systems by 96.2% in the third quarter. Lowe Wealth Advisors LLC now owns 408 shares of the network equipment provider’s stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. Finally, Nova Wealth Management Inc. purchased a new position in Cisco Systems in the first quarter valued at approximately $31,000. 73.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on CSCO. KeyCorp lifted their price target on shares of Cisco Systems from $77.00 to $87.00 and gave the stock an “overweight” rating in a research note on Thursday, November 13th. Citic Securities lifted their target price on Cisco Systems from $75.00 to $90.00 in a research report on Monday, November 17th. UBS Group boosted their target price on Cisco Systems from $88.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Wells Fargo & Company raised their price target on Cisco Systems from $83.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, November 13th. Finally, Bank of America boosted their price objective on Cisco Systems from $85.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Seventeen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.70.

Insiders Place Their Bets

In other news, EVP Thimaya K. Subaiya sold 1,745 shares of Cisco Systems stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $79.46, for a total value of $138,657.70. Following the sale, the executive vice president owned 176,319 shares of the company’s stock, valued at $14,010,307.74. The trade was a 0.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Charles Robbins sold 116,734 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $77.30, for a total transaction of $9,023,538.20. Following the transaction, the chief executive officer directly owned 704,153 shares of the company’s stock, valued at $54,431,026.90. This represents a 14.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,044,865 shares of company stock valued at $81,397,635. Corporate insiders own 0.01% of the company’s stock.

Cisco Systems Stock Down 1.3%

Cisco Systems stock opened at $76.04 on Friday. The stock has a 50 day moving average of $76.15 and a two-hundred day moving average of $71.09. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $80.82. The stock has a market capitalization of $300.44 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 2.88 and a beta of 0.87. The company has a current ratio of 0.93, a quick ratio of 0.83 and a debt-to-equity ratio of 0.46.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share (EPS) 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 business had revenue of $14.88 billion for the quarter, compared to analyst estimates of $14.77 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. 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. As a group, research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Friday, January 2nd will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, January 2nd. Cisco Systems’s dividend payout ratio (DPR) is 61.65%.

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.