Atlantic Edge Private Wealth Management LLC cut its holdings in Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 1.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 46,708 shares of the network equipment provider’s stock after selling 574 shares during the quarter. Cisco Systems makes up approximately 0.9% of Atlantic Edge Private Wealth Management LLC’s holdings, making the stock its 29th biggest holding. Atlantic Edge Private Wealth Management LLC’s holdings in Cisco Systems were worth $3,241,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of CSCO. Kingstone Capital Partners Texas LLC acquired a new stake in Cisco Systems in the second quarter valued at about $904,542,000. Goldman Sachs Group Inc. boosted its stake in Cisco Systems by 37.4% in the first quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider’s stock valued at $2,898,722,000 after buying an additional 12,775,066 shares in the last quarter. Nuveen LLC acquired a new stake in Cisco Systems in the first quarter valued at about $750,495,000. Pacer Advisors Inc. boosted its stake in Cisco Systems by 1,144.2% in the first quarter. Pacer Advisors Inc. now owns 8,120,886 shares of the network equipment provider’s stock valued at $501,140,000 after buying an additional 7,468,212 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in Cisco Systems by 255.9% in the first quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider’s stock valued at $482,509,000 after purchasing an additional 5,622,672 shares during the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Cisco Systems
In other Cisco Systems news, EVP Thimaya K. Subaiya sold 7,511 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $66.84, for a total value of $502,035.24. Following the transaction, the executive vice president directly owned 161,467 shares of the company’s stock, valued at approximately $10,792,454.28. The trade was a 4.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Charles Robbins sold 30,557 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.63, for a total value of $2,036,012.91. Following the completion of the transaction, the chief executive officer directly owned 639,000 shares in the company, valued at approximately $42,576,570. This trade represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,965 shares of company stock valued at $5,559,996. 0.01% of the stock is owned by insiders.
Cisco Systems Price Performance
Cisco Systems (NASDAQ:CSCO – Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. During the same period last year, the company earned $0.87 earnings per share. The firm’s revenue was up 7.6% compared to the same quarter last year. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. As a group, equities research analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.
Cisco Systems Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 annualized dividend and a yield of 2.3%. Cisco Systems’s payout ratio is 62.60%.
Analysts Set New Price Targets
CSCO has been the subject of several research reports. HSBC reiterated a “hold” rating and issued a $69.00 target price on shares of Cisco Systems in a research report on Friday, August 15th. Bank of America increased their target price on Cisco Systems from $76.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. CICC Research initiated coverage on Cisco Systems in a research report on Monday, July 14th. They issued an “outperform” rating and a $78.00 target price for the company. JPMorgan Chase & Co. increased their target price on Cisco Systems from $73.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Finally, Wells Fargo & Company increased their target price on Cisco Systems from $75.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Cisco Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.72.
Check Out Our Latest Stock Analysis on CSCO
About Cisco Systems
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.
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