Community Bank N.A. Sells 7,010 Shares of Cisco Systems, Inc. $CSCO

Community Bank N.A. reduced its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,280 shares of the network equipment provider’s stock after selling 7,010 shares during the period. Cisco Systems makes up 1.4% of Community Bank N.A.’s portfolio, making the stock its 12th biggest holding. Community Bank N.A.’s holdings in Cisco Systems were worth $11,730,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Cairn Investment Group Inc. grew its position in Cisco Systems by 0.5% during the fourth quarter. Cairn Investment Group Inc. now owns 24,146 shares of the network equipment provider’s stock worth $1,860,000 after buying an additional 130 shares in the last quarter. Juncture Wealth Strategies LLC raised its holdings in shares of Cisco Systems by 0.9% in the 4th quarter. Juncture Wealth Strategies LLC now owns 15,042 shares of the network equipment provider’s stock valued at $1,159,000 after acquiring an additional 132 shares in the last quarter. Northstar Advisory Group LLC boosted its position in shares of Cisco Systems by 1.6% during the 4th quarter. Northstar Advisory Group LLC now owns 8,203 shares of the network equipment provider’s stock valued at $632,000 after acquiring an additional 133 shares during the last quarter. Roman Butler Fullerton & Co. boosted its position in shares of Cisco Systems by 0.8% during the 4th quarter. Roman Butler Fullerton & Co. now owns 15,917 shares of the network equipment provider’s stock valued at $1,183,000 after acquiring an additional 133 shares during the last quarter. Finally, MMA Asset Management LLC grew its holdings in shares of Cisco Systems by 2.3% during the fourth quarter. MMA Asset Management LLC now owns 6,167 shares of the network equipment provider’s stock worth $475,000 after purchasing an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Cisco Systems News Roundup

Here are the key news stories impacting Cisco Systems this week:

• Positive Sentiment: Investors are betting Cisco will benefit from strong AI infrastructure demand, hyperscaler spending, and solid product orders, which could support another earnings beat and upbeat guidance. The Zacks Analyst Blog Cisco, Arista Networks, Dell and Hewlett
• Positive Sentiment: The company is approaching earnings with shares at or near all-time highs, reflecting strong momentum and continued investor confidence in the networking business. Cisco Q3 Preview: Stock Hits New Highs, Expert Asks ‘Can It Return To Those Parabolic ’90s Like Returns?’
• Positive Sentiment: AT&T’s launch of a Cisco-powered post-quantum security SD-WAN service highlights Cisco’s role in next-generation enterprise networking and cybersecurity. Can AT&T’s Cisco-Powered Quantum Security Network Drive Profits?
• Neutral Sentiment: JPMorgan raised its price target to $96, but that still sits below Cisco’s recent trading range, suggesting the market may already be pricing in a strong earnings outlook. JPMorgan Adjusts Price Target on Cisco Systems to 96 From 95
• Negative Sentiment: Some reports note the stock is the most overbought it has been since 2018, raising the risk of a pullback if earnings or guidance disappoint. Cisco stock at its most overbought since 2018 — and a top pro sees 25% upside
• Negative Sentiment: Traders are also bracing for a sizable post-earnings move, which signals elevated uncertainty around the upcoming results and forward outlook. How Much Is Cisco Stock Expected to Move After Earnings This Week?

Cisco Systems Stock Up 0.6%

Shares of NASDAQ CSCO opened at $99.29 on Wednesday. Cisco Systems, Inc. has a one year low of $60.85 and a one year high of $99.93. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.96 and a quick ratio of 0.85. The firm’s 50 day simple moving average is $83.48 and its two-hundred day simple moving average is $79.14. The stock has a market capitalization of $392.18 billion, a P/E ratio of 34.84, a PEG ratio of 3.70 and a beta of 0.92.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.02. Cisco Systems had a net margin of 19.22% and a return on equity of 27.88%. The firm had revenue of $15.35 billion during the quarter, compared to analyst estimates of $15.11 billion. During the same period in the previous year, the business posted $0.94 EPS. The business’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, analysts expect that Cisco Systems, Inc. will post 3.42 EPS for the current fiscal year.

Insider Activity at Cisco Systems

In other Cisco Systems news, EVP Oliver Tuszik sold 3,132 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $79.74, for a total transaction of $249,745.68. Following the completion of the sale, the executive vice president directly owned 188,613 shares in the company, valued at $15,040,000.62. This represents a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jeetendra I. Patel sold 11,248 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $76.00, for a total value of $854,848.00. Following the transaction, the insider directly owned 262,776 shares in the company, valued at $19,970,976. This trade represents a 4.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 46,431 shares of company stock worth $3,574,820 in the last 90 days. Corporate insiders own 0.01% of the company’s stock.

Analyst Ratings Changes

CSCO has been the topic of a number of recent analyst reports. Citigroup raised their target price on shares of Cisco Systems from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Rosenblatt Securities reissued a “buy” rating and issued a $100.00 price target on shares of Cisco Systems in a research note on Thursday, February 12th. UBS Group raised their price objective on shares of Cisco Systems from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Wall Street Zen downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Cisco Systems in a research note on Friday, April 24th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Cisco Systems currently has a consensus rating of “Moderate Buy” and an average target price of $90.29.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.