7,057 Cisco Systems, Inc. $CSCO Shares Sold by Wedbush Securities Inc.

Wedbush Securities Inc. trimmed its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 172,136 shares of the network equipment provider’s stock after selling 7,057 shares during the period. Wedbush Securities Inc.’s holdings in Cisco Systems were worth $18,527,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CSCO. Halbert Hargrove Global Advisors LLC lifted its holdings in Cisco Systems by 142.5% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 257 shares of the network equipment provider’s stock worth $28,000 after buying an additional 151 shares in the last quarter. Kings Path Partners LLC bought a new stake in shares of Cisco Systems during the 3rd quarter valued at $31,000. Blueline Advisors LLC acquired a new position in shares of Cisco Systems in the 3rd quarter valued at $32,000. Networth Advisors LLC lifted its stake in shares of Cisco Systems by 276.4% in the 1st quarter. Networth Advisors LLC now owns 335 shares of the network equipment provider’s stock valued at $26,000 after purchasing an additional 246 shares during the period. Finally, GK Wealth Management LLC bought a new position in shares of Cisco Systems in the 3rd quarter worth $37,000. 73.33% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Jeetendra Patel sold 7,170 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $111.57, for a total value of $799,956.90. Following the sale, the insider directly owned 230,593 shares of the company’s stock, valued at approximately $25,727,261.01. The trade was a 3.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 680 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $110.18, for a total transaction of $74,922.40. Following the completion of the transaction, the executive vice president directly owned 163,337 shares of the company’s stock, valued at approximately $17,996,470.66. The trade was a 0.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 44,869 shares of company stock worth $5,005,620 in the last ninety days. 0.01% of the stock is owned by insiders.

Analyst Ratings Changes

CSCO has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price objective on Cisco Systems from $130.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Zacks Research raised Cisco Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 30th. Piper Sandler cut their target price on Cisco Systems from $132.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 22nd. HSBC cut Cisco Systems from a “buy” rating to a “hold” rating and reduced their target price for the stock from $137.00 to $120.00 in a report on Friday, August 14th. Finally, Rosenblatt Securities upped their price target on Cisco Systems from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Cisco Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.52.

Cisco Systems Trading Up 1.5%

Shares of Cisco Systems stock traded up $1.61 during trading hours on Friday, hitting $106.50. The company’s stock had a trading volume of 13,560,043 shares, compared to its average volume of 15,748,618. Cisco Systems, Inc. has a 12 month low of $70.06 and a 12 month high of $130.37. The stock has a 50 day moving average of $110.18 and a 200 day moving average of $109.86. The company has a market capitalization of $419.89 billion, a PE ratio of 31.89, a price-to-earnings-growth ratio of 2.18 and a beta of 0.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.79.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%. The company had revenue of $17.25 billion for the quarter, compared to analyst estimates of $16.84 billion. During the same quarter last year, the firm posted $0.99 earnings per share. Cisco Systems’s revenue was up 17.6% compared to the same quarter last year. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. Analysts predict that Cisco Systems, Inc. will post 4.42 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 21st. Investors of record on Friday, October 2nd were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, October 2nd. Cisco Systems’s dividend payout ratio (DPR) is presently 50.30%.

Cisco Systems Profile

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration and observability solutions for businesses, government organizations and service providers. Its offerings include routers, switches, wireless networking equipment, data-center infrastructure, security software and services, as well as technologies that support cloud and hybrid IT environments.

The company also provides collaboration tools through its Webex portfolio, cloud-managed networking through Cisco Meraki and security and observability capabilities that include technologies from Splunk, which Cisco acquired in 2024.