Cisco Systems (NASDAQ:CSCO) Stock Price Down 2.1% – Time to Sell?

Cisco Systems, Inc. (NASDAQ:CSCO)’s stock price was down 2.1% during mid-day trading on Wednesday . The company traded as low as $107.55 and last traded at $107.74. 15,508,139 shares traded hands during trading, a decline of 32% from the average daily volume of 22,662,721 shares. The stock had previously closed at $110.07.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CSCO shares. Rosenblatt Securities increased their target price on Cisco Systems from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cisco Systems in a research report on Wednesday, August 26th. UBS Group upped their price target on shares of Cisco Systems from $132.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Truist Financial raised their price objective on shares of Cisco Systems from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Cisco Systems in a report on Tuesday, September 1st. They issued a “buy” rating and a $135.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $129.68.

Cisco Systems Stock Up 2.3%

The company has a 50 day moving average price of $113.26 and a two-hundred day moving average price of $104.35. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.79. The stock has a market cap of $434.63 billion, a PE ratio of 33.01, a PEG ratio of 2.25 and a beta of 1.00.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $16.84 billion. During the same period 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 expect that Cisco Systems, Inc. will post 4.43 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, October 2nd. Cisco Systems’s dividend payout ratio (DPR) is presently 50.30%.

Insider Transactions at Cisco Systems

In other news, CEO Charles Robbins sold 21,628 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $111.54, for a total transaction of $2,412,387.12. Following the completion of the transaction, the chief executive officer directly owned 602,710 shares of the company’s stock, valued at $67,226,273.40. The trade was a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 680 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $110.18, for a total transaction of $74,922.40. Following the transaction, the executive vice president owned 163,337 shares in the company, valued at approximately $17,996,470.66. This trade represents a 0.41% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 44,869 shares of company stock valued at $5,005,620. Company insiders own 0.01% of the company’s stock.

Hedge Funds Weigh In On Cisco Systems

Hedge funds and other institutional investors have recently modified their holdings of the company. Anchor Investment Management LLC boosted its stake in shares of Cisco Systems by 72.7% in the 2nd quarter. Anchor Investment Management LLC now owns 90,052 shares of the network equipment provider’s stock worth $10,578,000 after buying an additional 37,896 shares during the last quarter. Bullseye Investment Management LLC bought a new stake in shares of Cisco Systems in the second quarter worth $159,000. Rench Wealth Management Inc. increased its position in Cisco Systems by 36.9% during the second quarter. Rench Wealth Management Inc. now owns 98,412 shares of the network equipment provider’s stock valued at $11,559,000 after acquiring an additional 26,505 shares during the last quarter. Bouchey Financial Group Ltd. lifted its holdings in Cisco Systems by 10.1% in the second quarter. Bouchey Financial Group Ltd. now owns 12,919 shares of the network equipment provider’s stock valued at $1,518,000 after acquiring an additional 1,189 shares during the period. Finally, Tortoise Investment Management LLC boosted its position in Cisco Systems by 3.2% in the second quarter. Tortoise Investment Management LLC now owns 6,030 shares of the network equipment provider’s stock worth $708,000 after purchasing an additional 187 shares during the last quarter. 73.33% of the stock is owned by institutional investors.

About Cisco Systems

Cisco Systems, Inc is a global technology company that provides networking, cybersecurity, collaboration, observability and other information technology solutions. Its offerings include routers, switches, wireless networking equipment, data center infrastructure, security platforms, unified communications tools and software designed to help organizations connect, manage and protect their digital environments.

Cisco serves businesses, government agencies, educational institutions, telecommunications providers and other organizations worldwide.