Cisco Systems, Inc. $CSCO Shares Sold by Live Oak Private Wealth LLC

Live Oak Private Wealth LLC reduced its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 6.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,418 shares of the network equipment provider’s stock after selling 8,540 shares during the period. Cisco Systems accounts for about 2.1% of Live Oak Private Wealth LLC’s investment portfolio, making the stock its 11th largest position. Live Oak Private Wealth LLC’s holdings in Cisco Systems were worth $15,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. MidAtlantic Capital Management Inc. purchased a new position in Cisco Systems during the fourth quarter worth approximately $25,000. Intesa Sanpaolo Wealth Management purchased a new stake in shares of Cisco Systems during the 4th quarter valued at $25,000. Networth Advisors LLC grew its stake in shares of Cisco Systems by 276.4% during the 1st quarter. Networth Advisors LLC now owns 335 shares of the network equipment provider’s stock valued at $26,000 after buying an additional 246 shares during the period. Financial Life Planners acquired a new stake in shares of Cisco Systems during the 1st quarter worth $27,000. Finally, Manning & Napier Advisors LLC raised its position in shares of Cisco Systems by 137.0% in the 1st quarter. Manning & Napier Advisors LLC now owns 346 shares of the network equipment provider’s stock worth $27,000 after buying an additional 200 shares during the period. 73.33% of the stock is owned by institutional investors and hedge funds.

Cisco Systems Trading Down 0.7%

NASDAQ:CSCO opened at $109.74 on Wednesday. The stock has a market cap of $432.53 billion, a price-to-earnings ratio of 32.86, a price-to-earnings-growth ratio of 2.32 and a beta of 1.00. Cisco Systems, Inc. has a one year low of $66.13 and a one year high of $130.37. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.79 and a current ratio of 0.93. The business’s 50-day simple moving average is $114.76 and its 200 day simple moving average is $101.68.

Cisco Systems (NASDAQ:CSCO) last issued 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. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%.The firm had revenue of $17.25 billion during the quarter, compared to analyst estimates of $16.84 billion. During the same quarter last year, the firm earned $0.99 EPS. Cisco Systems’s quarterly revenue 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. As a group, sell-side analysts predict that Cisco Systems, Inc. will post 4.44 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.5%. Cisco Systems’s dividend payout ratio (DPR) is presently 50.30%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Freedom Capital upgraded Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Sunday, August 16th. New Street Research upped their price target on Cisco Systems from $82.00 to $122.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Evercore raised their price objective on Cisco Systems from $110.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Argus lifted their price objective on Cisco Systems from $100.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Finally, JPMorgan Chase & Co. boosted their target price on Cisco Systems from $95.00 to $96.00 in a report on Monday, May 11th. Two 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $129.68.

Insiders Place Their Bets

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 6,487 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $111.53, for a total transaction of $723,495.11. Following the completion of the transaction, the executive vice president directly owned 167,116 shares of the company’s stock, valued at $18,638,447.48. This trade represents a 3.74% 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, CEO Charles Robbins sold 21,628 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $111.54, for a total transaction of $2,412,387.12. Following the completion of the sale, the chief executive officer directly owned 602,710 shares of the company’s stock, valued at $67,226,273.40. The trade was a 3.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 53,611 shares of company stock valued at $6,066,680. 0.01% of the stock is owned by insiders.

Cisco Systems News Roundup

Here are the key news stories impacting Cisco Systems this week:

• Positive Sentiment: Deutsche Bank initiated coverage of Cisco Systems with a “Buy” rating and a $135 price target, implying substantial upside from the referenced share price. The endorsement supports the bullish case for Cisco’s networking and AI growth prospects. Tuesday Wall Street analyst research calls
• Positive Sentiment: Cisco, AMD and HUMAIN said AI infrastructure using AMD Instinct MI355X systems and Cisco Silicon One networking is now live in Saudi Arabia. The partners plan additional deployments of up to 250 megawatts beginning in 2027, with a broader ambition of as much as 1 gigawatt by 2030. The projects provide potential long-term demand for Cisco’s AI networking products. AMD, Cisco and HUMAIN expand Saudi Arabia AI infrastructure
• Positive Sentiment: Analyst commentary also highlighted an earlier-than-expected enterprise technology refresh as a potential “second engine” for growth, complementing Cisco’s AI networking opportunity. Cisco’s second growth engine
• Neutral Sentiment: Cisco will meet investors at several September technology and financial conferences. These events could provide updates on enterprise demand, AI networking, margins and guidance, but no new financial outlook was announced. Cisco September investor events
• Negative Sentiment: Cisco disclosed that the China-linked “Fire Ant” group has targeted Cisco IOS XR routers and obtained persistent access to high-value network infrastructure. The espionage campaign raises concerns about customer network security, potential remediation costs and reputational damage to Cisco’s core routing business. Fire Ant router espionage and Cisco investors

Cisco Systems Company 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.