Maple Capital Management Inc. reduced its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 10.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,730 shares of the network equipment provider’s stock after selling 1,254 shares during the period. Maple Capital Management Inc.’s holdings in Cisco Systems were worth $662,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the stock. Compass Financial Services Inc lifted its holdings in shares of Cisco Systems by 298.3% during the 1st quarter. Compass Financial Services Inc now owns 709 shares of the network equipment provider’s stock worth $44,000 after acquiring an additional 531 shares during the period. Birchbrook Inc. lifted its holdings in shares of Cisco Systems by 6.3% during the 1st quarter. Birchbrook Inc. now owns 2,964 shares of the network equipment provider’s stock worth $183,000 after acquiring an additional 176 shares during the period. Asset Planning Services Inc. LA ADV lifted its holdings in shares of Cisco Systems by 0.3% during the 1st quarter. Asset Planning Services Inc. LA ADV now owns 108,752 shares of the network equipment provider’s stock worth $6,711,000 after acquiring an additional 300 shares during the period. eCIO Inc. purchased a new position in shares of Cisco Systems during the 1st quarter worth about $37,000. Finally, First Hawaiian Bank lifted its holdings in shares of Cisco Systems by 3.4% during the 1st quarter. First Hawaiian Bank now owns 42,731 shares of the network equipment provider’s stock worth $2,637,000 after acquiring an additional 1,403 shares during the period. 73.33% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Cisco Systems
In other news, SVP Maria Victoria Wong sold 428 shares of the firm’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 owned 30,619 shares of the company’s stock, valued at approximately $2,089,746.75. This trade represents a 1.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $68.08, for a total transaction of $185,041.44. Following the sale, the executive vice president directly owned 157,184 shares of the company’s stock, valued at $10,701,086.72. The trade was a 1.70% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 88,099 shares of company stock valued at $5,851,765. Corporate insiders own 0.01% of the company’s stock.
Cisco Systems Trading Down 0.6%
Cisco Systems (NASDAQ:CSCO – Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. The company had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.87 earnings per share. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.
Cisco Systems Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be given a dividend of $0.41 per share. 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 (DPR) is presently 62.60%.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on CSCO shares. Wall Street Zen lowered shares of Cisco Systems from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th. Evercore ISI raised their price target on shares of Cisco Systems from $72.00 to $74.00 and gave the company an “in-line” rating in a report on Thursday, August 14th. Wolfe Research started coverage on shares of Cisco Systems in a report on Tuesday, July 8th. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. raised their price target on shares of Cisco Systems from $73.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Finally, William Blair upgraded shares of Cisco Systems to a “hold” rating in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $74.53.
Read Our Latest Stock Analysis on CSCO
About Cisco Systems
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.
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