Cisco Systems, Inc. $CSCO Stock Sold by Park National Corp OH

Park National Corp OH reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.7% during the third quarter, HoldingsChannel.com reports. The firm owned 717,564 shares of the network equipment provider’s stock after selling 12,336 shares during the period. Cisco Systems makes up 2.1% of Park National Corp OH’s portfolio, making the stock its 11th biggest position. Park National Corp OH’s holdings in Cisco Systems were worth $77,231,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Ferguson Wellman Capital Management Inc. grew its position in Cisco Systems by 0.4% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 1,568,413 shares of the network equipment provider’s stock valued at $168,808,000 after acquiring an additional 6,185 shares during the last quarter. Bright Rock Capital Management LLC bought a new stake in shares of Cisco Systems during the third quarter worth $6,458,000. Argent Capital Management LLC boosted its stake in shares of Cisco Systems by 2,132.9% during the third quarter. Argent Capital Management LLC now owns 91,750 shares of the network equipment provider’s stock valued at $9,875,000 after purchasing an additional 87,641 shares during the period. Heartwood Wealth Advisors LLC grew its holdings in shares of Cisco Systems by 9.9% in the third quarter. Heartwood Wealth Advisors LLC now owns 7,897 shares of the network equipment provider’s stock worth $850,000 after purchasing an additional 712 shares during the last quarter. Finally, Rockland Trust Co. increased its stake in Cisco Systems by 1,193.6% in the 3rd quarter. Rockland Trust Co. now owns 218,003 shares of the network equipment provider’s stock worth $23,464,000 after buying an additional 201,150 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insiders Place Their Bets

In other Cisco Systems 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 of the company’s stock, 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 filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thimaya Subaiya sold 5,832 shares of Cisco Systems stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $111.47, for a total transaction of $650,093.04. Following the completion of the transaction, the executive vice president directly owned 128,382 shares in the company, valued at approximately $14,310,741.54. The trade was a 4.35% decrease in their position. 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 three months. 0.01% of the stock is currently owned by insiders.

Cisco Systems Stock Up 0.0%

NASDAQ:CSCO traded up $0.02 during trading hours on Monday, reaching $112.22. The company’s stock had a trading volume of 5,799,816 shares, compared to its average volume of 22,516,551. The stock has a 50 day moving average price of $112.00 and a two-hundred day moving average price of $106.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.79 and a current ratio of 0.93. The company has a market capitalization of $442.44 billion, a P/E ratio of 33.59, a price-to-earnings-growth ratio of 2.35 and a beta of 0.99. Cisco Systems, Inc. has a 12 month low of $66.81 and a 12 month high of $130.37.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.05. The business had revenue of $17.25 billion for the quarter, compared to analysts’ expectations of $16.84 billion. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%.The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 EPS. 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 analysts predict that Cisco Systems, Inc. will post 4.41 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd will be issued a $0.42 dividend. The ex-dividend date is Friday, October 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 1.5%. Cisco Systems’s payout ratio is currently 50.30%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. UBS Group boosted their price objective on shares of Cisco Systems from $132.00 to $138.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Wells Fargo & Company lifted their price target on shares of Cisco Systems from $130.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Truist Financial increased their price objective on Cisco Systems from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Piper Sandler reduced their price objective on Cisco Systems from $132.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, September 22nd. Finally, Rosenblatt Securities lifted their target price on Cisco Systems from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.52.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration, observability and data center solutions. Its products and services help businesses, governments, educational institutions and other organizations connect users and devices, manage infrastructure, protect digital environments and support cloud-based operations.

Cisco’s portfolio includes routers and switches, wireless networking equipment, network management software, firewalls, identity and access tools, endpoint security products, collaboration applications and observability platforms.