Cisco Systems, Inc. $CSCO Position Reduced by Garner Asset Management Corp

Garner Asset Management Corp trimmed its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 10.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,847 shares of the network equipment provider’s stock after selling 1,178 shares during the quarter. Garner Asset Management Corp’s holdings in Cisco Systems were worth $683,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CSCO. Vanguard Group Inc. raised its stake in shares of Cisco Systems by 1.3% during the second quarter. Vanguard Group Inc. now owns 393,989,568 shares of the network equipment provider’s stock valued at $27,334,996,000 after purchasing an additional 5,039,714 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Cisco Systems by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 99,252,395 shares of the network equipment provider’s stock valued at $6,864,058,000 after purchasing an additional 1,157,704 shares in the last quarter. Invesco Ltd. grew its stake in shares of Cisco Systems by 10.4% in the 1st quarter. Invesco Ltd. now owns 47,117,146 shares of the network equipment provider’s stock worth $2,907,599,000 after purchasing an additional 4,437,450 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Cisco Systems by 37.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider’s stock worth $2,898,722,000 after purchasing an additional 12,775,066 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Cisco Systems by 46.2% in the 2nd quarter. Franklin Resources Inc. now owns 40,836,858 shares of the network equipment provider’s stock worth $2,833,261,000 after purchasing an additional 12,904,969 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Wall Street Analysts Forecast Growth

CSCO has been the subject of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Cisco Systems in a report on Thursday, October 30th. UBS Group increased their price objective on Cisco Systems from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. William Blair upgraded Cisco Systems to a “hold” rating in a research note on Thursday, August 14th. Citigroup increased their price target on shares of Cisco Systems from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Finally, Wells Fargo & Company raised their price objective on Cisco Systems from $83.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. Seventeen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $84.14.

Cisco Systems Stock Down 0.3%

NASDAQ CSCO opened at $76.07 on Thursday. Cisco Systems, Inc. has a one year low of $52.11 and a one year high of $80.06. The firm has a market cap of $300.56 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 3.00 and a beta of 0.95. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The stock’s 50 day simple moving average is $71.38 and its 200 day simple moving average is $68.48.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.02. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The firm had revenue of $14.88 billion for the quarter, compared to the consensus estimate of $14.77 billion. During the same quarter in the prior year, the business earned $0.91 EPS. The business’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. Q2 2026 guidance at 1.010-1.030 EPS. As a group, sell-side analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, January 2nd. Cisco Systems’s dividend payout ratio is presently 61.65%.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 9,801 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $76.38, for a total value of $748,600.38. Following the completion of the transaction, the senior vice president directly owned 33,026 shares in the company, valued at $2,522,525.88. This trade represents a 22.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeetendra I. Patel sold 163,896 shares of Cisco Systems stock in a transaction dated 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 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,024,627 shares of company stock valued at $79,621,482 over the last quarter. 0.01% of the stock is currently owned by corporate insiders.

About Cisco Systems

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.