Cisco Systems, Inc. $CSCO Shares Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. decreased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 93.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,579 shares of the network equipment provider’s stock after selling 85,114 shares during the quarter. Cisco Systems makes up approximately 0.8% of Thurston Springer Miller Herd & Titak Inc.’s holdings, making the stock its 20th biggest holding. Thurston Springer Miller Herd & Titak Inc.’s holdings in Cisco Systems were worth $382,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Bare Financial Services Inc boosted its position in Cisco Systems by 531.0% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider’s stock valued at $25,000 after purchasing an additional 308 shares during the period. Financial Connections Group Inc. lifted its stake in Cisco Systems by 89.4% in the second quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock valued at $28,000 after buying an additional 193 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of Cisco Systems during the second quarter valued at $28,000. Nova Wealth Management Inc. bought a new position in shares of Cisco Systems during the first quarter worth about $31,000. Finally, Brown Shipley& Co Ltd acquired a new stake in shares of Cisco Systems in the 2nd quarter worth about $32,000. 73.33% of the stock is owned by institutional investors.

Insider Activity at Cisco Systems

In other news, insider Jeetendra I. Patel sold 163,896 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $77.86, for a total transaction of $12,760,942.56. Following the completion of the sale, the insider directly owned 281,108 shares of the company’s stock, valued at $21,887,068.88. This trade represents a 36.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Thimaya K. Subaiya sold 1,745 shares of Cisco Systems stock in a transaction on Friday, December 12th. The stock was sold at an average price of $79.46, for a total value of $138,657.70. Following the completion of the transaction, the executive vice president owned 176,319 shares in the company, valued at $14,010,307.74. The trade was a 0.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,021,910 shares of company stock worth $79,463,804. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Trading Down 0.9%

Shares of Cisco Systems stock opened at $77.55 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.93 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $74.12 and a 200-day simple moving average of $69.98. Cisco Systems, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $80.82. The firm has a market cap of $306.41 billion, a price-to-earnings ratio of 29.15, a price-to-earnings-growth ratio of 2.96 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.02. Cisco Systems had a net margin of 18.38% and a return on equity of 27.29%. The company had revenue of $14.88 billion during the quarter, compared to analyst estimates of $14.77 billion. During the same quarter last year, the firm posted $0.91 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS and its Q2 2026 guidance at 1.010-1.030 EPS. On average, equities analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd will be issued a $0.41 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $1.64 annualized dividend and a dividend yield of 2.1%. Cisco Systems’s dividend payout ratio is currently 61.65%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CSCO shares. Evercore ISI lifted their price objective on shares of Cisco Systems from $74.00 to $80.00 and gave the company an “in-line” rating in a research report on Thursday, November 13th. Piper Sandler lifted their price target on Cisco Systems from $70.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, November 13th. Morgan Stanley increased their price objective on Cisco Systems from $77.00 to $82.00 and gave the stock an “overweight” rating in a report on Thursday, November 13th. CICC Research boosted their price target on Cisco Systems from $78.00 to $84.00 and gave the stock an “outperform” rating in a research report on Friday, November 14th. Finally, BNP Paribas Exane raised their price target on Cisco Systems from $76.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, November 13th. Seventeen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Cisco Systems presently has a consensus rating of “Moderate Buy” and an average price target of $84.14.

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.