HBK Sorce Advisory LLC Decreases Stock Holdings in Cisco Systems, Inc. $CSCO

HBK Sorce Advisory LLC reduced its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 54,232 shares of the network equipment provider’s stock after selling 901 shares during the period. HBK Sorce Advisory LLC’s holdings in Cisco Systems were worth $3,763,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CSCO. Drive Wealth Management LLC raised its stake in Cisco Systems by 2.7% during the 2nd quarter. Drive Wealth Management LLC now owns 16,605 shares of the network equipment provider’s stock worth $1,152,000 after acquiring an additional 436 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its stake in Cisco Systems by 0.7% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider’s stock worth $55,049,000 after acquiring an additional 6,501 shares in the last quarter. Golden State Wealth Management LLC increased its stake in Cisco Systems by 10.8% in the first quarter. Golden State Wealth Management LLC now owns 6,298 shares of the network equipment provider’s stock valued at $389,000 after purchasing an additional 612 shares during the period. Shell Asset Management Co. increased its stake in Cisco Systems by 53.3% in the second quarter. Shell Asset Management Co. now owns 77,234 shares of the network equipment provider’s stock valued at $5,358,000 after purchasing an additional 26,840 shares during the period. Finally, Guinness Asset Management LTD increased its stake in Cisco Systems by 15.9% in the second quarter. Guinness Asset Management LTD now owns 4,389,728 shares of the network equipment provider’s stock valued at $304,451,000 after purchasing an additional 603,131 shares during the period. 73.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Hsbc Global Res lowered shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. William Blair upgraded shares of Cisco Systems to a “hold” rating in a research note on Thursday, August 14th. Wells Fargo & Company lifted their price objective on shares of Cisco Systems from $75.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. HSBC restated a “hold” rating and issued a $69.00 price objective on shares of Cisco Systems in a research note on Friday, August 15th. Finally, Evercore ISI lifted their price objective on shares of Cisco Systems from $72.00 to $74.00 and gave the company an “in-line” rating in a research note on Thursday, August 14th. One research 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $74.72.

Cisco Systems Trading Down 1.8%

Shares of Cisco Systems stock opened at $71.33 on Thursday. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $72.82. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The company’s 50-day simple moving average is $68.59 and its 200-day simple moving average is $66.05. The firm has a market cap of $281.98 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 3.05 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The business had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. During the same period in the previous year, the business posted $0.87 earnings per share. The business’s revenue 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. As a group, equities research analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, October 3rd. Cisco Systems’s dividend payout ratio is presently 62.60%.

Insider Buying and Selling at Cisco Systems

In related news, EVP Deborah L. Stahlkopf sold 2,718 shares of the company’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 value of $185,041.44. Following the sale, the executive vice president owned 157,184 shares in the company, valued at $10,701,086.72. This represents a 1.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Thimaya K. Subaiya sold 1,744 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $66.78, for a total value of $116,464.32. Following the completion of the sale, the executive vice president owned 158,009 shares in the company, valued at approximately $10,551,841.02. This represents a 1.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 82,965 shares of company stock worth $5,559,996. Corporate insiders own 0.01% of the company’s stock.

Cisco Systems 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.