Primecap Management Co. CA Sells 25,170 Shares of Cisco Systems, Inc. $CSCO

Primecap Management Co. CA lowered its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,499,360 shares of the network equipment provider’s stock after selling 25,170 shares during the period. Primecap Management Co. CA’s holdings in Cisco Systems were worth $381,546,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Financial Connections Group Inc. raised its stake in shares of Cisco Systems by 89.4% in the second quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock worth $28,000 after purchasing an additional 193 shares during the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of Cisco Systems in the second quarter worth about $28,000. Pandora Wealth Inc. purchased a new position in shares of Cisco Systems in the 1st quarter worth approximately $31,000. Nova Wealth Management Inc. purchased a new stake in Cisco Systems in the first quarter worth $31,000. Finally, Brown Shipley& Co Ltd purchased a new stake in Cisco Systems in the second quarter worth about $32,000. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Trading Down 0.5%

Shares of NASDAQ:CSCO opened at $77.37 on Wednesday. The company has a 50 day moving average of $70.29 and a 200-day moving average of $67.83. The firm has a market cap of $304.89 billion, a P/E ratio of 29.53, a P/E/G ratio of 3.00 and a beta of 0.95. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $79.50.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 EPS for the quarter, beating the consensus estimate of $0.98 by $0.02. The business had revenue of $14.88 billion during the quarter, compared to analyst estimates of $14.77 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 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.91 earnings per share. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS. Q2 2026 guidance at 1.010-1.030 EPS. As a group, analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Friday, January 2nd will be issued a dividend of $0.41 per share. The ex-dividend date is Friday, January 2nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.1%. Cisco Systems’s payout ratio is currently 61.65%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CSCO. Bank of America raised their price objective on shares of Cisco Systems from $85.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. William Blair upgraded Cisco Systems to a “hold” rating in a research note on Thursday, August 14th. Wells Fargo & Company raised their target price on shares of Cisco Systems from $83.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, November 13th. Citigroup increased their target price on shares of Cisco Systems from $80.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Finally, Erste Group Bank raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a report on Monday, November 10th. Seventeen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.14.

Insiders Place Their Bets

In other Cisco Systems news, insider Jeetendra I. Patel sold 163,896 shares of Cisco Systems stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $77.86, for a total transaction of $12,760,942.56. Following the transaction, the insider directly owned 281,108 shares in the company, valued at approximately $21,887,068.88. The trade was a 36.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Oliver Tuszik sold 5,425 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $76.56, for a total value of $415,338.00. Following the completion of the sale, the executive vice president directly owned 210,408 shares of the company’s stock, valued at approximately $16,108,836.48. This trade represents a 2.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 961,950 shares of company stock worth $74,696,164 in the last quarter. 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.