Auto Owners Insurance Co Sells 21,560 Shares of Cisco Systems, Inc. $CSCO

Auto Owners Insurance Co decreased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 589,140 shares of the network equipment provider’s stock after selling 21,560 shares during the period. Cisco Systems makes up about 0.9% of Auto Owners Insurance Co’s investment portfolio, making the stock its 29th largest holding. Auto Owners Insurance Co’s holdings in Cisco Systems were worth $40,875,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Financial Connections Group Inc. increased its position in shares of Cisco Systems by 89.4% during the second quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock worth $28,000 after acquiring an additional 193 shares in the last quarter. Pandora Wealth Inc. bought a new stake in shares of Cisco Systems during the first quarter worth $31,000. Nova Wealth Management Inc. bought a new stake in shares of Cisco Systems during the first quarter worth $31,000. Brown Shipley& Co Ltd bought a new position in Cisco Systems in the second quarter valued at $32,000. Finally, Fairway Wealth LLC grew its position in Cisco Systems by 224.7% in the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider’s stock valued at $36,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Performance

Shares of CSCO stock opened at $72.62 on Wednesday. The stock has a market cap of $287.08 billion, a P/E ratio of 27.72, a P/E/G ratio of 3.00 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The company has a fifty day moving average price of $68.51 and a two-hundred day moving average price of $65.95. Cisco Systems, Inc. has a one year low of $52.11 and a one year high of $72.68.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. The firm had revenue of $14.67 billion during the quarter, compared to analysts’ expectations of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.87 earnings per share. 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 analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, October 3rd. Cisco Systems’s dividend payout ratio (DPR) is currently 62.60%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CSCO. Hsbc Global Res downgraded shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. HSBC reaffirmed 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 raised their target price on shares of Cisco Systems from $76.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. Wolfe Research began coverage on shares of Cisco Systems in a research report on Tuesday, July 8th. They issued a “peer perform” rating for the company. Finally, Evercore ISI raised their target price on shares of Cisco Systems from $72.00 to $74.00 and gave the company an “in-line” 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 given a Hold rating to the company. According to MarketBeat, Cisco Systems has an average rating of “Moderate Buy” and a consensus price target of $74.72.

Insider Activity at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 1,744 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $66.78, for a total transaction of $116,464.32. Following the completion of the sale, the executive vice president owned 158,009 shares in the company, valued at approximately $10,551,841.02. This trade represents a 1.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $68.08, for a total transaction of $185,041.44. Following the sale, the executive vice president owned 157,184 shares of the company’s stock, valued at approximately $10,701,086.72. This represents a 1.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 82,965 shares of company stock worth $5,559,996 in the last quarter. 0.01% of the stock is owned by corporate insiders.

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.