Simmons Bank Sells 1,085 Shares of Cisco Systems, Inc. $CSCO

Simmons Bank lowered its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,324 shares of the network equipment provider’s stock after selling 1,085 shares during the period. Simmons Bank’s holdings in Cisco Systems were worth $10,291,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Financial Connections Group Inc. boosted its stake in Cisco Systems by 89.4% during the second quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock worth $28,000 after acquiring an additional 193 shares in the last quarter. Brown Shipley& Co Ltd bought a new stake in Cisco Systems during the second quarter worth about $32,000. Pandora Wealth Inc. bought a new stake in Cisco Systems during the first quarter worth about $31,000. Nova Wealth Management Inc. bought a new stake in Cisco Systems during the first quarter worth about $31,000. Finally, Accent Capital Management LLC bought a new position in shares of Cisco Systems in the first quarter worth approximately $36,000. Institutional investors own 73.33% of the company’s stock.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 428 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $68.25, for a total transaction of $29,211.00. Following the completion of the sale, the senior vice president directly owned 30,619 shares of the company’s stock, valued at approximately $2,089,746.75. This represents a 1.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Oliver Tuszik sold 17,526 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the sale, the executive vice president directly owned 198,855 shares of the company’s stock, valued at approximately $13,512,197.25. This represents a 8.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 82,965 shares of company stock valued at $5,559,996 in the last quarter. Insiders own 0.01% of the company’s stock.

Analyst Ratings Changes

CSCO has been the topic of several analyst reports. HSBC reiterated a “hold” rating and issued a $69.00 target price on shares of Cisco Systems in a research note on Friday, August 15th. Wall Street Zen downgraded shares of Cisco Systems from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 12th. UBS Group upgraded shares of Cisco Systems from a “neutral” rating to a “buy” rating and upped their target price for the stock from $74.00 to $88.00 in a research note on Monday. Weiss Ratings reiterated a “buy (b)” rating on shares of Cisco Systems in a research note on Thursday, October 30th. Finally, Piper Sandler upped their target price on shares of Cisco Systems from $64.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $75.50.

Cisco Systems Stock Down 2.9%

CSCO opened at $72.32 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average price of $69.05 and a 200-day moving average price of $66.59. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $74.84. The stock has a market capitalization of $284.99 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 3.00 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The firm had revenue of $14.67 billion during the quarter, compared to analysts’ expectations of $14.63 billion. During the same period in the previous year, the company earned $0.87 earnings per share. The firm’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. Equities research analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, October 3rd. Cisco Systems’s dividend payout ratio is currently 62.60%.

Cisco Systems Company 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.