NorthCrest Asset Manangement LLC Sells 28,101 Shares of Cisco Systems, Inc. $CSCO

NorthCrest Asset Manangement LLC trimmed its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 17.2% during the third quarter, HoldingsChannel.com reports. The fund owned 135,633 shares of the network equipment provider’s stock after selling 28,101 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Cisco Systems were worth $9,357,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CSCO. Benchmark Financial Wealth Advisors LLC raised its position in Cisco Systems by 1.4% in the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 10,449 shares of the network equipment provider’s stock valued at $715,000 after purchasing an additional 142 shares during the last quarter. Yoder Wealth Management Inc. increased its stake in shares of Cisco Systems by 3.8% in the third quarter. Yoder Wealth Management Inc. now owns 3,945 shares of the network equipment provider’s stock valued at $270,000 after buying an additional 143 shares in the last quarter. Postrock Partners LLC raised its holdings in shares of Cisco Systems by 4.5% in the second quarter. Postrock Partners LLC now owns 3,480 shares of the network equipment provider’s stock valued at $241,000 after buying an additional 150 shares during the last quarter. Mount Vernon Associates Inc. MD increased its position in Cisco Systems by 0.4% in the 2nd quarter. Mount Vernon Associates Inc. MD now owns 41,379 shares of the network equipment provider’s stock valued at $2,871,000 after acquiring an additional 150 shares in the last quarter. Finally, Wynn Capital LLC raised its stake in shares of Cisco Systems by 0.3% in the third quarter. Wynn Capital LLC now owns 48,456 shares of the network equipment provider’s stock worth $3,315,000 after acquiring an additional 150 shares during the last quarter. 73.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. BNP Paribas Exane boosted their price objective on shares of Cisco Systems from $76.00 to $86.00 and gave the stock an “outperform” rating in a research report on Thursday, November 13th. Citigroup boosted their target price on Cisco Systems from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. JPMorgan Chase & Co. raised their price target on Cisco Systems from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 13th. Morgan Stanley boosted their price objective on Cisco Systems from $82.00 to $91.00 and gave the stock an “overweight” rating in a report on Wednesday, December 17th. Finally, Barclays raised their target price on shares of Cisco Systems from $71.00 to $76.00 and gave the company an “equal weight” rating in a research note on Thursday, November 13th. Sixteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $85.23.

Cisco Systems Stock Down 0.1%

NASDAQ:CSCO opened at $75.19 on Monday. The stock has a 50-day simple moving average of $76.66 and a 200 day simple moving average of $71.61. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $80.82. The company has a market cap of $297.08 billion, a PE ratio of 28.27, a PEG ratio of 2.84 and a beta of 0.87. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.83 and a current ratio of 0.93.

Cisco Systems (NASDAQ:CSCO) last released its earnings results 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 27.29% and a net margin of 18.38%.The business had revenue of $14.88 billion for the quarter, compared to analyst estimates of $14.77 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. Cisco Systems’s revenue was up 7.5% on a year-over-year basis. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS and its Q2 2026 guidance at 1.010-1.030 EPS. On average, sell-side analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

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

Insider Buying and Selling at Cisco Systems

In related news, SVP Maria Victoria Wong sold 428 shares of Cisco Systems stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $80.33, for a total transaction of $34,381.24. Following the sale, the senior vice president directly owned 32,176 shares in the company, valued at $2,584,698.08. This trade represents a 1.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kristina M. Johnson sold 13,481 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $77.13, for a total transaction of $1,039,789.53. Following the completion of the transaction, the director owned 61,630 shares of the company’s stock, valued at approximately $4,753,521.90. This trade represents a 17.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,044,865 shares of company stock worth $81,397,635 in the last three months. Company insiders own 0.01% of the company’s stock.

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.