Cisco Systems, Inc. $CSCO Shares Sold by SouthState Corp

SouthState Corp cut its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,089 shares of the network equipment provider’s stock after selling 1,285 shares during the quarter. SouthState Corp’s holdings in Cisco Systems were worth $6,112,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Sienna Gestion lifted its stake in shares of Cisco Systems by 11.0% during the second quarter. Sienna Gestion now owns 223,888 shares of the network equipment provider’s stock valued at $14,182,000 after buying an additional 22,257 shares during the period. Andra AP fonden lifted its stake in shares of Cisco Systems by 155.1% during the second quarter. Andra AP fonden now owns 414,178 shares of the network equipment provider’s stock valued at $28,736,000 after buying an additional 251,800 shares during the period. Horan Securities Inc. lifted its stake in shares of Cisco Systems by 20.9% during the second quarter. Horan Securities Inc. now owns 5,563 shares of the network equipment provider’s stock valued at $386,000 after buying an additional 961 shares during the period. Summit Wealth Group LLC lifted its stake in shares of Cisco Systems by 12.4% during the second quarter. Summit Wealth Group LLC now owns 4,219 shares of the network equipment provider’s stock valued at $293,000 after buying an additional 466 shares during the period. Finally, Ethos Financial Group LLC lifted its stake in shares of Cisco Systems by 66.9% during the second quarter. Ethos Financial Group LLC now owns 16,466 shares of the network equipment provider’s stock valued at $1,142,000 after buying an additional 6,598 shares during the period. 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. Weiss Ratings reissued a “buy (b)” rating on shares of Cisco Systems in a research note on Thursday, October 30th. JPMorgan Chase & Co. upped their price objective on shares of Cisco Systems from $73.00 to $78.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Piper Sandler upped their price objective on shares of Cisco Systems from $64.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, August 14th. UBS Group raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and upped their price target for the stock from $74.00 to $88.00 in a research report on Monday. Finally, Hsbc Global Res lowered shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $75.50.

Cisco Systems Stock Performance

Shares of CSCO stock opened at $72.10 on Thursday. Cisco Systems, Inc. has a one year low of $52.11 and a one year high of $74.84. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. The company has a 50 day moving average price of $69.12 and a 200 day moving average price of $66.63. The firm has a market capitalization of $284.13 billion, a price-to-earnings ratio of 27.52, a price-to-earnings-growth ratio of 3.00 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $14.63 billion. During the same quarter in the prior year, the business earned $0.87 earnings per share. The business’s quarterly 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. Sell-side analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd were given a $0.41 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.3%. Cisco Systems’s dividend payout ratio is presently 62.60%.

Insider Buying and Selling

In other news, EVP Deborah L. Stahlkopf sold 2,718 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $68.08, for a total value of $185,041.44. Following the completion of the sale, the executive vice president owned 157,184 shares of the company’s stock, valued at $10,701,086.72. This represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Oliver Tuszik sold 17,526 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the completion of the sale, the executive vice president directly owned 198,855 shares of the company’s stock, valued at $13,512,197.25. The trade was a 8.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 82,965 shares of company stock valued at $5,559,996. 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.