Cisco Systems, Inc. $CSCO Shares Sold by Bard Financial Services Inc.

Bard Financial Services Inc. decreased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 151,235 shares of the network equipment provider’s stock after selling 875 shares during the quarter. Cisco Systems comprises 1.3% of Bard Financial Services Inc.’s holdings, making the stock its 18th largest holding. Bard Financial Services Inc.’s holdings in Cisco Systems were worth $10,493,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Cisco Systems by 49.5% during the fourth quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider’s stock worth $4,392,000 after buying an additional 24,562 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Cisco Systems by 37.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider’s stock worth $542,000 after buying an additional 2,474 shares during the period. Sentinus LLC boosted its position in shares of Cisco Systems by 10.8% during the fourth quarter. Sentinus LLC now owns 5,220 shares of the network equipment provider’s stock worth $309,000 after buying an additional 508 shares during the period. Thornburg Investment Management Inc. boosted its position in shares of Cisco Systems by 16.3% during the fourth quarter. Thornburg Investment Management Inc. now owns 2,448,169 shares of the network equipment provider’s stock worth $144,932,000 after buying an additional 343,959 shares during the period. Finally, Strive Asset Management LLC purchased a new position in shares of Cisco Systems during the fourth quarter worth $628,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Trading Down 1.7%

NASDAQ:CSCO opened at $66.53 on Monday. The firm has a market cap of $263.01 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 2.80 and a beta of 0.99. The stock has a fifty day moving average price of $68.24 and a 200 day moving average price of $64.00. Cisco Systems, Inc. has a 12-month low of $49.67 and a 12-month high of $72.55. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company had revenue of $14.67 billion for the quarter, compared to analysts’ expectations of $14.63 billion. During the same period last year, the firm earned $0.87 earnings per share. Cisco Systems’s quarterly revenue was up 7.6% on a year-over-year basis. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Sell-side analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be paid a $0.41 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.5%. Cisco Systems’s dividend payout ratio (DPR) is currently 62.60%.

Insider Buying and Selling

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 2,718 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $68.08, for a total value of $185,041.44. Following the sale, the executive vice president directly owned 157,184 shares in the company, valued at $10,701,086.72. This trade represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Charles Robbins sold 30,557 shares of the firm’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $66.63, for a total value of $2,036,012.91. Following the completion of the sale, the chief executive officer owned 639,000 shares in the company, valued at approximately $42,576,570. This represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 88,099 shares of company stock valued at $5,851,765 over the last 90 days. 0.01% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CSCO. Morgan Stanley raised their price target on Cisco Systems from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. Wolfe Research began coverage on Cisco Systems in a research report on Tuesday, July 8th. They set a “peer perform” rating for the company. KeyCorp initiated coverage on Cisco Systems in a research report on Thursday, June 26th. They set an “overweight” rating and a $77.00 price target for the company. Evercore ISI lifted their target price on Cisco Systems from $72.00 to $74.00 and gave the company an “in-line” rating in a report on Thursday, August 14th. Finally, Piper Sandler lifted their target price on Cisco Systems from $64.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.53.

Cisco Systems Profile

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.