Bridges Investment Management Inc. Sells 453 Shares of Cisco Systems, Inc. $CSCO

Bridges Investment Management Inc. decreased its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,187 shares of the network equipment provider’s stock after selling 453 shares during the quarter. Bridges Investment Management Inc.’s holdings in Cisco Systems were worth $5,008,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Kornitzer Capital Management Inc. KS boosted its stake in Cisco Systems by 0.7% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider’s stock worth $55,049,000 after acquiring an additional 6,501 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in Cisco Systems by 10.8% in the first quarter. Golden State Wealth Management LLC now owns 6,298 shares of the network equipment provider’s stock worth $389,000 after purchasing an additional 612 shares during the period. Shell Asset Management Co. boosted its position in shares of Cisco Systems by 53.3% during the second quarter. Shell Asset Management Co. now owns 77,234 shares of the network equipment provider’s stock worth $5,358,000 after purchasing an additional 26,840 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Cisco Systems by 255.9% in the 1st quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider’s stock valued at $482,509,000 after buying an additional 5,622,672 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Cisco Systems by 28.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,037,909 shares of the network equipment provider’s stock valued at $249,180,000 after buying an additional 904,548 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CSCO has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on Cisco Systems from $75.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. KeyCorp began coverage on Cisco Systems in a research report on Thursday, June 26th. They issued an “overweight” rating and a $77.00 price objective for the company. Evercore ISI raised 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. Wall Street Zen lowered shares of Cisco Systems from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 12th. Finally, Piper Sandler increased their price objective on shares of Cisco Systems from $64.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $74.72.

Insider Buying and Selling

In other Cisco Systems news, EVP Oliver Tuszik sold 17,526 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $67.95, for a total value of $1,190,891.70. Following the completion of the transaction, the executive vice president directly owned 198,855 shares in the company, valued at $13,512,197.25. This trade represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $651,547.80. Following the sale, the executive vice president owned 161,662 shares in the company, valued at approximately $10,766,689.20. This represents a 5.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,965 shares of company stock worth $5,559,996 over the last three months. Company insiders own 0.01% of the company’s stock.

Cisco Systems Trading Up 1.3%

NASDAQ:CSCO opened at $69.52 on Thursday. The company has a market cap of $274.83 billion, a P/E ratio of 26.53, a price-to-earnings-growth ratio of 2.89 and a beta of 0.97. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $72.55. The business has a 50 day moving average price of $68.25 and a two-hundred day moving average price of $65.01. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping 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 business had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. During the same quarter in the previous year, the firm posted $0.87 earnings per share. The firm’s revenue for the quarter 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. As a group, analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems’s dividend payout ratio is currently 62.60%.

Cisco Systems 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.