Strategic Financial Services Inc. Sells 1,066 Shares of Cisco Systems, Inc. $CSCO

Strategic Financial Services Inc. cut its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 4.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,891 shares of the network equipment provider’s stock after selling 1,066 shares during the quarter. Strategic Financial Services Inc.’s holdings in Cisco Systems were worth $1,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in CSCO. Brighton Jones LLC lifted its holdings in shares of Cisco Systems by 49.5% in the 4th quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider’s stock worth $4,392,000 after acquiring an additional 24,562 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Cisco Systems by 37.0% in 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. Nuveen Asset Management LLC increased its stake in shares of Cisco Systems by 19.1% in the fourth quarter. Nuveen Asset Management LLC now owns 15,496,389 shares of the network equipment provider’s stock worth $917,386,000 after buying an additional 2,483,776 shares during the period. Northwest Quadrant Wealth Management LLC increased its stake in shares of Cisco Systems by 5.5% in the fourth quarter. Northwest Quadrant Wealth Management LLC now owns 10,796 shares of the network equipment provider’s stock worth $639,000 after buying an additional 564 shares during the period. Finally, NorthRock Partners LLC increased its stake in shares of Cisco Systems by 306.5% in the fourth quarter. NorthRock Partners LLC now owns 56,450 shares of the network equipment provider’s stock worth $3,342,000 after buying an additional 42,562 shares during the period. 73.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Piper Sandler lifted 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. Wolfe Research assumed coverage on shares of Cisco Systems in a research note on Tuesday, July 8th. They issued a “peer perform” rating on the stock. Evercore ISI lifted their target price on shares of Cisco Systems from $72.00 to $74.00 and gave the stock an “in-line” rating in a research note on Thursday, August 14th. Barclays lifted their target price on shares of Cisco Systems from $66.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 14th. Finally, CICC Research initiated coverage on shares of Cisco Systems in a research report on Monday, July 14th. They set an “outperform” rating and a $78.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Cisco Systems has an average rating of “Moderate Buy” and a consensus price target of $74.53.

Cisco Systems Stock Up 1.2%

Shares of Cisco Systems stock opened at $68.13 on Thursday. The company’s fifty day simple moving average is $68.34 and its two-hundred day simple moving average is $63.95. The company has a market cap of $269.33 billion, a P/E ratio of 26.00, a PEG ratio of 2.83 and a beta of 0.99. 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, Inc. has a 12-month low of $47.85 and a 12-month high of $72.55.

Cisco Systems (NASDAQ:CSCO) last released 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. The firm had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 EPS. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Research analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be given a $0.41 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. Cisco Systems’s dividend payout ratio is currently 62.60%.

Insider Transactions at Cisco Systems

In other 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 value of $502,035.24. Following the sale, the executive vice president directly owned 161,467 shares of the company’s stock, valued at $10,792,454.28. This represents a 4.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of the company’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $651,547.80. Following the completion of the sale, the executive vice president directly owned 161,662 shares in the company, valued at $10,766,689.20. This represents a 5.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 84,953 shares of company stock worth $5,637,512. 0.01% of the stock is owned by insiders.

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.