Bennett Selby Investments LP Sells 211 Shares of Cisco Systems, Inc. $CSCO

Bennett Selby Investments LP lowered its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 6.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,310 shares of the network equipment provider’s stock after selling 211 shares during the period. Bennett Selby Investments LP’s holdings in Cisco Systems were worth $230,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CSCO. Brighton Jones LLC raised its position in shares of Cisco Systems by 49.5% in the fourth quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider’s stock valued at $4,392,000 after purchasing an additional 24,562 shares during the period. Revolve Wealth Partners LLC increased its holdings in Cisco Systems by 37.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider’s stock worth $542,000 after acquiring an additional 2,474 shares during the period. 180 Wealth Advisors LLC increased its holdings in Cisco Systems by 8.5% during the 1st quarter. 180 Wealth Advisors LLC now owns 9,954 shares of the network equipment provider’s stock worth $614,000 after acquiring an additional 776 shares during the period. American National Bank & Trust increased its holdings in Cisco Systems by 50.6% during the 1st quarter. American National Bank & Trust now owns 1,876 shares of the network equipment provider’s stock worth $116,000 after acquiring an additional 630 shares during the period. Finally, Enterprise Bank & Trust Co increased its holdings in Cisco Systems by 41.7% during the 1st quarter. Enterprise Bank & Trust Co now owns 9,620 shares of the network equipment provider’s stock worth $594,000 after acquiring an additional 2,830 shares during the period. Institutional investors own 73.33% of the company’s stock.

Analyst Upgrades and Downgrades

CSCO has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their target price on shares of Cisco Systems from $73.00 to $78.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Hsbc Global Res lowered shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Evercore ISI upped their target price on shares of Cisco Systems from $72.00 to $74.00 and gave the stock an “in-line” rating in a report on Thursday, August 14th. KeyCorp began coverage on shares of Cisco Systems in a report on Thursday, June 26th. They set an “overweight” rating and a $77.00 target price on the stock. Finally, Wall Street Zen cut shares of Cisco Systems from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $74.53.

Cisco Systems Price Performance

Shares of Cisco Systems stock opened at $67.72 on Tuesday. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $72.55. The stock has a market capitalization of $267.71 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 2.83 and a beta of 0.99. The company has a fifty day moving average of $68.11 and a 200-day moving average of $64.41. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company had revenue of $14.67 billion during the quarter, compared to analysts’ expectations of $14.63 billion. During the same quarter in the prior year, the company earned $0.87 EPS. The firm’s revenue was up 7.6% on a year-over-year basis. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Equities research analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 annualized dividend and a yield of 2.4%. Cisco Systems’s dividend payout ratio is presently 62.60%.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 428 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $68.25, for a total transaction of $29,211.00. Following the completion of the sale, the senior vice president owned 30,619 shares of the company’s stock, valued at $2,089,746.75. This represents a 1.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Thimaya K. Subaiya sold 1,744 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $66.78, for a total transaction of $116,464.32. Following the sale, the executive vice president directly owned 158,009 shares of the company’s stock, valued at $10,551,841.02. The trade was a 1.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,965 shares of company stock worth $5,559,996 over the last ninety days. 0.01% of the stock is owned by company insiders.

Cisco Systems Company Profile

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.