Good Steward Wealth Advisors LLC Sells 885 Shares of Cisco Systems, Inc. $CSCO

Good Steward Wealth Advisors LLC reduced its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 18.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 3,811 shares of the network equipment provider’s stock after selling 885 shares during the period. Good Steward Wealth Advisors LLC’s holdings in Cisco Systems were worth $264,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Zevenbergen Capital Investments LLC grew its stake in shares of Cisco Systems by 4.6% during the 2nd quarter. Zevenbergen Capital Investments LLC now owns 15,545 shares of the network equipment provider’s stock worth $1,079,000 after acquiring an additional 690 shares in the last quarter. Insight Wealth Strategies LLC bought a new position in shares of Cisco Systems during the 2nd quarter worth approximately $216,000. Greenfield Savings Bank grew its stake in shares of Cisco Systems by 2.2% during the 2nd quarter. Greenfield Savings Bank now owns 34,490 shares of the network equipment provider’s stock worth $2,393,000 after acquiring an additional 749 shares in the last quarter. Bangor Savings Bank grew its stake in shares of Cisco Systems by 2.3% in the second quarter. Bangor Savings Bank now owns 36,211 shares of the network equipment provider’s stock valued at $2,512,000 after buying an additional 831 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Cisco Systems by 16.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 90,693 shares of the network equipment provider’s stock valued at $6,292,000 after buying an additional 12,683 shares in the last quarter. 73.33% of the stock is owned by institutional investors.

Cisco Systems Stock Down 1.7%

CSCO opened at $66.53 on Friday. Cisco Systems, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $72.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. The company has a market capitalization of $263.01 billion, a P/E ratio of 25.39, a P/E/G ratio of 2.84 and a beta of 0.99. The stock has a fifty day moving average of $68.24 and a 200-day moving average of $64.00.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $14.63 billion. During the same quarter last year, the firm earned $0.87 earnings per share. The company’s 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. On average, equities analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 annualized dividend and a yield of 2.5%. Cisco Systems’s dividend payout ratio is currently 62.60%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Evercore ISI raised their target price on shares of Cisco Systems from $72.00 to $74.00 and gave the company an “in-line” rating in a research note on Thursday, August 14th. UBS Group raised their target price on shares of Cisco Systems from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Barclays raised their target price on shares of Cisco Systems from $66.00 to $71.00 and gave the company an “equal weight” rating in a research note on Thursday, August 14th. Wolfe Research began coverage on shares of Cisco Systems in a research report on Tuesday, July 8th. They set a “peer perform” rating for the company. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $87.00 price objective on shares of Cisco Systems in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $74.53.

Insider Buying and Selling at Cisco Systems

In related news, EVP Thimaya K. Subaiya sold 7,511 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $66.84, for a total transaction of $502,035.24. Following the completion of the sale, the executive vice president owned 161,467 shares of the company’s stock, valued at $10,792,454.28. This represents a 4.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $68.08, for a total transaction of $185,041.44. Following the sale, the executive vice president directly owned 157,184 shares of the company’s stock, valued at $10,701,086.72. This represents a 1.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 88,099 shares of company stock valued at $5,851,765 over the last three months. 0.01% of the stock is owned by insiders.

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.