Cisco Systems, Inc. $CSCO Stock Holdings Decreased by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC lowered its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 19.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 259,194 shares of the network equipment provider’s stock after selling 63,751 shares during the quarter. Cisco Systems accounts for about 2.2% of Van Hulzen Asset Management LLC’s holdings, making the stock its 11th largest position. Van Hulzen Asset Management LLC’s holdings in Cisco Systems were worth $30,445,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Veratis Advisors Inc. acquired a new position in Cisco Systems in the 2nd quarter worth approximately $845,000. Verity Asset Management Inc. raised its stake in Cisco Systems by 5.7% during the 2nd quarter. Verity Asset Management Inc. now owns 5,655 shares of the network equipment provider’s stock valued at $664,000 after purchasing an additional 303 shares during the period. Wood Tarver Financial Group LLC acquired a new stake in Cisco Systems during the 2nd quarter valued at $276,000. Park Place Capital Corp lifted its holdings in shares of Cisco Systems by 42.8% in the second quarter. Park Place Capital Corp now owns 12,481 shares of the network equipment provider’s stock valued at $1,466,000 after purchasing an additional 3,743 shares in the last quarter. Finally, Peak Asset Management LLC boosted its position in shares of Cisco Systems by 0.8% in the second quarter. Peak Asset Management LLC now owns 240,883 shares of the network equipment provider’s stock worth $28,294,000 after buying an additional 1,885 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CSCO. Argus lifted their price target on Cisco Systems from $100.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. Zacks Research downgraded Cisco Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. BNP Paribas Exane lifted their target price on Cisco Systems from $87.00 to $132.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Rosenblatt Securities upped their target price on Cisco Systems from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Finally, The Goldman Sachs Group increased their price target on shares of Cisco Systems from $116.00 to $125.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Cisco Systems has an average rating of “Moderate Buy” and an average price target of $129.43.

Insiders Place Their Bets

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 6,487 shares of Cisco Systems stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $111.53, for a total value of $723,495.11. Following the completion of the sale, the executive vice president directly owned 167,116 shares in the company, valued at $18,638,447.48. The trade was a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 2,760 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $112.46, for a total transaction of $310,389.60. Following the completion of the sale, the executive vice president directly owned 165,276 shares of the company’s stock, valued at $18,586,938.96. This represents a 1.64% 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 have sold a total of 53,611 shares of company stock worth $6,066,680 in the last quarter. Corporate insiders own 0.01% of the company’s stock.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO opened at $110.23 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39. Cisco Systems, Inc. has a 1 year low of $66.13 and a 1 year high of $130.37. The business has a fifty day simple moving average of $115.82 and a 200 day simple moving average of $100.56. The firm has a market cap of $434.46 billion, a price-to-earnings ratio of 33.00, a P/E/G ratio of 2.14 and a beta of 1.02.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $17.25 billion during the quarter, compared to analysts’ expectations of $16.84 billion. During the same quarter last year, the firm earned $0.99 earnings per share. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. 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. As a group, sell-side analysts predict that Cisco Systems, Inc. will post 4.51 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, October 21st. Investors of record on Friday, October 2nd will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.68 annualized dividend and a dividend yield of 1.5%. Cisco Systems’s payout ratio is presently 50.30%.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.