Cisco Systems, Inc. $CSCO Shares Sold by Westpac Banking Corp

Westpac Banking Corp trimmed its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 2.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 173,034 shares of the network equipment provider’s stock after selling 5,014 shares during the period. Cisco Systems makes up about 0.9% of Westpac Banking Corp’s holdings, making the stock its 14th largest holding. Westpac Banking Corp’s holdings in Cisco Systems were worth $13,426,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Intesa Sanpaolo Wealth Management purchased a new stake in Cisco Systems in the 4th quarter valued at about $25,000. MidAtlantic Capital Management Inc. purchased a new position in Cisco Systems during the fourth quarter worth about $25,000. Networth Advisors LLC boosted its stake in Cisco Systems by 276.4% during the first quarter. Networth Advisors LLC now owns 335 shares of the network equipment provider’s stock worth $26,000 after buying an additional 246 shares during the period. Manning & Napier Advisors LLC increased its position in shares of Cisco Systems by 137.0% during the first quarter. Manning & Napier Advisors LLC now owns 346 shares of the network equipment provider’s stock valued at $27,000 after acquiring an additional 200 shares during the last quarter. Finally, Financial Life Planners acquired a new stake in shares of Cisco Systems during the first quarter valued at about $27,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Thimaya K. Subaiya sold 7,127 shares of Cisco Systems stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $119.91, for a total value of $854,598.57. Following the completion of the transaction, the executive vice president directly owned 140,857 shares in the company, valued at approximately $16,890,162.87. This trade represents a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 2,761 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $114.61, for a total value of $316,438.21. Following the transaction, the executive vice president directly owned 180,877 shares of the company’s stock, valued at $20,730,312.97. The trade was a 1.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 47,650 shares of company stock valued at $5,668,823. Corporate insiders own 0.01% of the company’s stock.

Wall Street Analysts Forecast Growth

CSCO has been the topic of several recent analyst reports. Bank of America upped their price objective on shares of Cisco Systems from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Argus lifted their target price on shares of Cisco Systems from $100.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. BNP Paribas Exane boosted their target price on Cisco Systems from $87.00 to $132.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. KeyCorp upped their price target on Cisco Systems from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Finally, Wall Street Zen upgraded Cisco Systems from a “hold” rating to a “buy” rating in a research report on Monday. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $123.14.

Cisco Systems Stock Up 1.3%

Shares of CSCO opened at $112.18 on Wednesday. The company’s 50-day simple moving average is $117.89 and its 200-day simple moving average is $93.92. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 0.92. Cisco Systems, Inc. has a 1 year low of $65.75 and a 1 year high of $130.37. The stock has a market capitalization of $442.15 billion, a PE ratio of 36.42, a P/E/G ratio of 2.82 and a beta of 1.02.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.03. Cisco Systems had a net margin of 20.14% and a return on equity of 28.44%. The firm had revenue of $15.84 billion during the quarter, compared to analysts’ expectations of $15.56 billion. During the same quarter in the previous year, the business posted $0.96 earnings per share. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. Cisco Systems has set its Q4 2026 guidance at 1.160-1.180 EPS and its FY 2026 guidance at 4.270-4.290 EPS. Analysts forecast that Cisco Systems, Inc. will post 3.54 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Monday, July 6th will be paid a $0.42 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.68 annualized dividend and a dividend yield of 1.5%. Cisco Systems’s payout ratio is 54.55%.

Cisco Systems News Roundup

Here are the key news stories impacting Cisco Systems this week:

• Positive Sentiment: Wall Street sentiment remains constructive, with one report noting Cisco’s average analyst recommendation is still “Moderate Buy,” and another saying Wall Street Zen upgraded the stock to “Buy.” Cisco Systems, Inc. (NASDAQ:CSCO) Given Average Recommendation of “Moderate Buy” by Analysts
• Positive Sentiment: Investors are also focusing on Cisco’s AI-networking potential, including coverage asking whether the company can lead the AI network boom and highlighting Cisco’s quantum networking tests plus a new AI contact-center partnership for Webex. Can Cisco Systems (NASDAQ:CSCO) Lead the AI Network Boom?
• Positive Sentiment: Some market commentary remains bullish, including a price-prediction piece arguing Cisco could continue to benefit from its growing AI infrastructure exposure and recent order momentum. Price Prediction: Cisco Stock Will Double on This Date
• Neutral Sentiment: Cisco has also been a heavily discussed/trending stock, which can support trading interest but does not by itself change fundamentals. 3 Reasons to Sell CSCO and 1 Stock to Buy Instead
• Negative Sentiment: One article framed Cisco as overextended after a strong six-month rally, suggesting some investors may be taking profits after a big run-up in the stock. 3 Reasons to Sell CSCO and 1 Stock to Buy Instead
• Negative Sentiment: Short-term trading has been choppy, with a recent report noting Cisco underperformed the broader market in the latest session and another saying the stock dipped amid speculation about a possible Zafran Security acquisition. Cisco Systems (CSCO) Sees a More Significant Dip Than Broader Market: Some Facts to Know

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.