8,324 Cisco Systems, Inc. $CSCO Shares Sold by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC cut its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 10.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,995 shares of the network equipment provider’s stock after selling 8,324 shares during the period. Cisco Systems accounts for 2.0% of Pathway Financial Advisers LLC’s investment portfolio, making the stock its 8th biggest position. Pathway Financial Advisers LLC’s holdings in Cisco Systems were worth $7,856,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CSCO. Chicago Partners Investment Group LLC lifted its stake in Cisco Systems by 11.8% during the third quarter. Chicago Partners Investment Group LLC now owns 48,505 shares of the network equipment provider’s stock worth $5,166,000 after purchasing an additional 5,103 shares during the last quarter. Richardson Financial Services Inc. boosted its holdings in shares of Cisco Systems by 10.7% in the 3rd quarter. Richardson Financial Services Inc. now owns 5,744 shares of the network equipment provider’s stock worth $618,000 after purchasing an additional 555 shares in the last quarter. Verity Asset Management Inc. increased its position in shares of Cisco Systems by 5.0% during the 3rd quarter. Verity Asset Management Inc. now owns 5,936 shares of the network equipment provider’s stock valued at $639,000 after purchasing an additional 281 shares during the last quarter. Caldwell Trust Co increased its position in shares of Cisco Systems by 0.9% during the 3rd quarter. Caldwell Trust Co now owns 73,721 shares of the network equipment provider’s stock valued at $7,935,000 after purchasing an additional 627 shares during the last quarter. Finally, 3Chopt Investment Partners LLC raised its holdings in shares of Cisco Systems by 3.3% during the 3rd quarter. 3Chopt Investment Partners LLC now owns 57,312 shares of the network equipment provider’s stock valued at $6,168,000 after buying an additional 1,853 shares in the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Cisco Systems Stock Up 0.6%

Shares of Cisco Systems stock opened at $103.61 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.79 and a current ratio of 0.93. Cisco Systems, Inc. has a 52-week low of $70.54 and a 52-week high of $130.37. The company’s 50 day moving average price is $109.52 and its 200-day moving average price is $101.42. The stock has a market capitalization of $408.49 billion, a price-to-earnings ratio of 31.02, a P/E/G ratio of 2.14 and a beta of 1.01.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The company had revenue of $17.25 billion during the quarter, compared to analyst estimates of $16.84 billion. During the same period in the prior year, the business posted $0.99 EPS. The firm’s revenue was up 17.6% compared to the same quarter last year. 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. Equities research analysts forecast that Cisco Systems, Inc. will post 4.42 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, October 2nd. Cisco Systems’s dividend payout ratio is 50.30%.

Insider Activity at Cisco Systems

In other news, insider Jeetendra Patel sold 7,170 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $111.57, for a total transaction of $799,956.90. Following the completion of the sale, the insider directly owned 230,593 shares in the company, valued at approximately $25,727,261.01. This represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thimaya Subaiya sold 312 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $110.18, for a total value of $34,376.16. Following the completion of the sale, the executive vice president directly owned 127,661 shares in the company, valued at $14,065,688.98. The trade was a 0.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 44,869 shares of company stock valued at $5,005,620 in the last quarter. 0.01% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on CSCO shares. Zacks Research upgraded Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 30th. HSBC lowered shares of Cisco Systems from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $137.00 to $120.00 in a report on Friday, August 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cisco Systems in a research note on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft began coverage on shares of Cisco Systems in a research note on Tuesday, September 1st. They issued a “buy” rating and a $135.00 price objective for the company. Finally, Sanford C. Bernstein initiated coverage on shares of Cisco Systems in a report on Wednesday, September 30th. They set a “market perform” rating and a $110.00 target price on the stock. Three research 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $128.52.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration and observability solutions for businesses, government organizations and service providers. Its offerings include routers, switches, wireless networking equipment, data-center infrastructure, security software and services, as well as technologies that support cloud and hybrid IT environments.

The company also provides collaboration tools through its Webex portfolio, cloud-managed networking through Cisco Meraki and security and observability capabilities that include technologies from Splunk, which Cisco acquired in 2024.