Cisco Systems, Inc. $CSCO Shares Sold by Wedbush Securities Inc.

Wedbush Securities Inc. cut its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 172,136 shares of the network equipment provider’s stock after selling 7,057 shares during the quarter. Wedbush Securities Inc.’s holdings in Cisco Systems were worth $18,527,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Cisco Systems in the second quarter worth about $42,129,647,000. State Street Corp lifted its holdings in Cisco Systems by 7.0% in the 2nd quarter. State Street Corp now owns 207,106,569 shares of the network equipment provider’s stock valued at $25,278,492,000 after acquiring an additional 13,512,872 shares during the last quarter. Bank of America Corp DE acquired a new stake in Cisco Systems in the 2nd quarter valued at about $5,892,379,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Cisco Systems by 2.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 43,450,141 shares of the network equipment provider’s stock valued at $5,103,654,000 after purchasing an additional 1,143,106 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Cisco Systems during the 2nd quarter valued at about $4,714,574,000. Institutional investors own 73.33% of the company’s stock.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Oliver Tuszik sold 2,760 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $112.46, for a total transaction of $310,389.60. Following the completion of the sale, the executive vice president owned 165,276 shares of the company’s stock, valued at $18,586,938.96. This represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeetendra I. Patel sold 7,170 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $111.57, for a total value of $799,956.90. Following the transaction, the insider owned 230,593 shares in the company, valued at approximately $25,727,261.01. This trade represents a 3.02% decrease in their position. 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 a total of 44,869 shares of company stock worth $5,005,620 in the last 90 days. Company insiders own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

CSCO has been the topic of a number of research reports. Sanford C. Bernstein assumed coverage on shares of Cisco Systems in a report on Wednesday, September 30th. They issued a “market perform” rating and a $110.00 target price on the stock. Wells Fargo & Company raised their target price on shares of Cisco Systems from $130.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Rosenblatt Securities upped their price target on Cisco Systems from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Wall Street Zen raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a research note on Sunday, October 11th. Finally, Barclays boosted their target price on Cisco Systems from $121.00 to $123.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.52.

Cisco Systems Stock Up 1.5%

Shares of Cisco Systems stock traded up $1.61 during midday trading on Friday, reaching $106.50. 13,560,043 shares of the company’s stock traded hands, compared to its average volume of 15,748,618. 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, Inc. has a 52 week low of $70.06 and a 52 week high of $130.37. The company’s 50 day simple moving average is $110.18 and its 200 day simple moving average is $109.86. The company has a market cap of $419.89 billion, a price-to-earnings ratio of 31.89, a price-to-earnings-growth ratio of 2.18 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The firm had revenue of $17.25 billion during the quarter, compared to analysts’ expectations of $16.84 billion. During the same period in the prior year, the company posted $0.99 earnings per share. Cisco Systems’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. Equities analysts expect that Cisco Systems, Inc. will post 4.42 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

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

Cisco Systems Company Profile

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.