Cisco Systems, Inc. $CSCO Stock Sold by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC decreased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 10.2% during the third quarter, HoldingsChannel reports. The firm owned 72,995 shares of the network equipment provider’s stock after selling 8,324 shares during the quarter. Cisco Systems accounts for approximately 2.0% of Pathway Financial Advisers LLC’s holdings, making the stock its 8th biggest position. Pathway Financial Advisers LLC’s holdings in Cisco Systems were worth $7,856,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CSCO. BlackRock Inc. purchased a new position in shares of Cisco Systems during the 2nd quarter worth approximately $42,129,647,000. Bank of America Corp DE bought a new position in shares of Cisco Systems in the 2nd quarter worth approximately $5,892,379,000. Bank of New York Mellon Corp purchased a new position in shares of Cisco Systems in the 2nd quarter valued at approximately $4,714,574,000. Deutsche Bank AG purchased a new position in shares of Cisco Systems in the 2nd quarter valued at approximately $1,997,004,000. Finally, State Street Corp boosted its position in shares of Cisco Systems by 7.0% during the second quarter. State Street Corp now owns 207,106,569 shares of the network equipment provider’s stock valued at $25,278,492,000 after purchasing an additional 13,512,872 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO opened at $103.61 on Thursday. Cisco Systems, Inc. has a 1-year low of $70.54 and a 1-year high of $130.37. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.79. The business has a fifty day moving average price of $109.52 and a 200-day moving average price of $101.42. The company has a market capitalization of $408.49 billion, a PE ratio of 31.02, a PEG ratio of 2.14 and a beta of 1.01.

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

Cisco Systems Dividend Announcement

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

Analysts Set New Price Targets

CSCO has been the topic of several recent research reports. Piper Sandler reduced their price target on Cisco Systems from $132.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 22nd. UBS Group raised their price objective on Cisco Systems from $132.00 to $138.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Sanford C. Bernstein began coverage on shares of Cisco Systems in a research report on Wednesday, September 30th. They issued a “market perform” rating and a $110.00 target price on the stock. KeyCorp increased their price target on shares of Cisco Systems from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Finally, Zacks Research raised shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 30th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $128.52.

Insider Buying and Selling

In related news, CEO Charles Robbins sold 21,628 shares of the business’s stock in a transaction that occurred on 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 directly owned 602,710 shares in the company, valued at $67,226,273.40. The trade was a 3.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 2,760 shares of Cisco Systems stock in a transaction on Friday, August 14th. The stock was sold at an average price of $112.46, for a total value of $310,389.60. Following the completion of the sale, the executive vice president directly owned 165,276 shares of the company’s stock, valued at approximately $18,586,938.96. The trade was a 1.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 44,869 shares of company stock worth $5,005,620 over the last 90 days. 0.01% of the stock is currently owned by company insiders.

Cisco Systems 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.