Fulton Bank N.A. Sells 6,720 Shares of Cisco Systems, Inc. $CSCO

Fulton Bank N.A. cut its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 4.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,108 shares of the network equipment provider’s stock after selling 6,720 shares during the quarter. Fulton Bank N.A.’s holdings in Cisco Systems were worth $9,027,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC lifted its holdings in shares of Cisco Systems by 49.5% during the 4th quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider’s stock valued at $4,392,000 after buying an additional 24,562 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Cisco Systems by 37.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider’s stock valued at $542,000 after buying an additional 2,474 shares during the period. Mpwm Advisory Solutions LLC bought a new position in shares of Cisco Systems during the 4th quarter valued at $26,000. PharVision Advisers LLC bought a new position in shares of Cisco Systems during the 4th quarter valued at $325,000. Finally, Ames National Corp bought a new position in shares of Cisco Systems during the 4th quarter valued at $865,000. 73.33% of the stock is owned by institutional investors.

Cisco Systems Stock Up 1.2%

Shares of NASDAQ:CSCO opened at $67.72 on Thursday. Cisco Systems, Inc. has a 1 year low of $50.27 and a 1 year high of $72.55. The business has a 50 day simple moving average of $68.14 and a two-hundred day simple moving average of $64.06. The firm has a market capitalization of $267.71 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 2.81 and a beta of 0.99. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The business had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. During the same quarter in the previous year, the business earned $0.87 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. On average, equities analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

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 paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems’s payout ratio is currently 62.60%.

Wall Street Analysts Forecast Growth

CSCO has been the subject of several analyst reports. Wolfe Research initiated coverage on Cisco Systems in a research note on Tuesday, July 8th. They issued a “peer perform” rating for the company. Deutsche Bank Aktiengesellschaft upgraded Cisco Systems from a “hold” rating to a “buy” rating and upped their price objective for the stock from $65.00 to $73.00 in a research note on Monday, June 16th. Piper Sandler increased their price target on Cisco Systems from $64.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, August 14th. CICC Research started coverage on Cisco Systems in a research note on Monday, July 14th. They issued an “outperform” rating and a $78.00 price target for the company. Finally, HSBC reiterated a “hold” rating and issued a $69.00 price target on shares of Cisco Systems in a research note on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Cisco Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.53.

Insider Activity

In other news, insider Jeetendra I. Patel sold 9,061 shares of Cisco Systems stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $603,462.60. Following the completion of the sale, the insider owned 237,405 shares of the company’s stock, valued at approximately $15,811,173. The trade was a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Maria Victoria Wong sold 428 shares of Cisco Systems 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 sale, the senior vice president directly owned 30,619 shares of the company’s stock, valued at $2,089,746.75. This represents a 1.38% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,439 shares of company stock valued at $4,369,104. Insiders own 0.01% of the company’s stock.

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.