Glass Jacobson Investment Advisors llc Reduces Holdings in Cisco Systems, Inc. $CSCO

Glass Jacobson Investment Advisors llc cut its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 9.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,879 shares of the network equipment provider’s stock after selling 191 shares during the quarter. Glass Jacobson Investment Advisors llc’s holdings in Cisco Systems were worth $130,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSCO. Drive Wealth Management LLC lifted its stake in shares of Cisco Systems by 2.7% in the second quarter. Drive Wealth Management LLC now owns 16,605 shares of the network equipment provider’s stock worth $1,152,000 after acquiring an additional 436 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its position in shares of Cisco Systems by 0.7% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider’s stock valued at $55,049,000 after purchasing an additional 6,501 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Cisco Systems by 10.8% during the 1st quarter. Golden State Wealth Management LLC now owns 6,298 shares of the network equipment provider’s stock valued at $389,000 after buying an additional 612 shares during the last quarter. Shell Asset Management Co. grew 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 buying an additional 26,840 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Cisco Systems by 255.9% during the first quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider’s stock worth $482,509,000 after buying an additional 5,622,672 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Buying and Selling

In related news, CEO Charles Robbins sold 30,557 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.63, for a total value of $2,036,012.91. Following the sale, the chief executive officer directly owned 639,000 shares in the company, valued at $42,576,570. This trade represents a 4.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $68.08, for a total value of $185,041.44. Following the transaction, the executive vice president owned 157,184 shares of the company’s stock, valued at $10,701,086.72. This trade represents a 1.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,965 shares of company stock valued at $5,559,996 in the last ninety days. Insiders own 0.01% of the company’s stock.

Cisco Systems Price Performance

Shares of CSCO opened at $70.63 on Friday. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $72.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The stock has a fifty day moving average price of $68.30 and a 200 day moving average price of $65.70. The company has a market cap of $279.21 billion, a P/E ratio of 26.96, a PEG ratio of 2.97 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results 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. The company had revenue of $14.67 billion for the quarter, compared to analysts’ expectations of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business posted $0.87 earnings per share. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. On average, research analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on CSCO. Piper Sandler increased 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. William Blair upgraded Cisco Systems to a “hold” rating in a research note on Thursday, August 14th. UBS Group boosted their price objective on Cisco Systems from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. Wall Street Zen downgraded Cisco Systems from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th. Finally, Wells Fargo & Company boosted their price target on Cisco Systems from $75.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. One 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 company. According to data from MarketBeat, Cisco Systems currently has a consensus rating of “Moderate Buy” and an average price target of $74.72.

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.