Cisco Systems, Inc. $CSCO Shares Sold by Distillate Capital Partners LLC

Distillate Capital Partners LLC lowered its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 20.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 467,445 shares of the network equipment provider’s stock after selling 119,715 shares during the quarter. Cisco Systems makes up about 1.7% of Distillate Capital Partners LLC’s investment portfolio, making the stock its 8th largest position. Distillate Capital Partners LLC’s holdings in Cisco Systems were worth $32,431,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Bare Financial Services Inc lifted its position in Cisco Systems by 531.0% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider’s stock valued at $25,000 after purchasing an additional 308 shares during the period. Financial Connections Group Inc. raised its stake in shares of Cisco Systems by 89.4% during the second quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock worth $28,000 after buying an additional 193 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in Cisco Systems in the second quarter valued at approximately $28,000. Pandora Wealth Inc. bought a new position in Cisco Systems in the first quarter valued at approximately $31,000. Finally, Nova Wealth Management Inc. acquired a new stake in Cisco Systems during the 1st quarter worth $31,000. Institutional investors own 73.33% of the company’s stock.

Insider Buying and Selling

In other Cisco Systems news, CEO Charles Robbins sold 116,734 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $77.30, for a total value of $9,023,538.20. Following the sale, the chief executive officer owned 704,153 shares in the company, valued at approximately $54,431,026.90. The trade was a 14.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeetendra I. Patel sold 163,896 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was 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 of the company’s stock, valued at $21,887,068.88. This represents a 36.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,024,627 shares of company stock valued at $79,621,482. Corporate insiders own 0.01% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CSCO. Piper Sandler raised their price target on Cisco Systems from $70.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. UBS Group raised their target price on Cisco Systems from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Wells Fargo & Company upped their price target on Cisco Systems from $83.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. BNP Paribas Exane lifted their price objective on shares of Cisco Systems from $76.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, November 13th. Finally, Melius Research boosted their price objective on shares of Cisco Systems from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Seventeen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Cisco Systems presently has a consensus rating of “Moderate Buy” and an average price target of $84.14.

Cisco Systems Price Performance

Shares of CSCO opened at $77.08 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. The firm has a market capitalization of $304.53 billion, a PE ratio of 29.42, a P/E/G ratio of 3.00 and a beta of 0.95. The stock has a 50 day simple moving average of $71.70 and a 200 day simple moving average of $68.74. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $80.06.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The firm had revenue of $14.88 billion for the quarter, compared to analyst estimates of $14.77 billion. During the same quarter in the previous year, the firm posted $0.91 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS. Q2 2026 guidance at 1.010-1.030 EPS. Sell-side analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

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

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.