Hartford Investment Management Co. Cuts Holdings in Cisco Systems, Inc. $CSCO

Hartford Investment Management Co. trimmed its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 240,047 shares of the network equipment provider’s stock after selling 3,009 shares during the period. Cisco Systems makes up about 0.5% of Hartford Investment Management Co.’s investment portfolio, making the stock its 28th largest holding. Hartford Investment Management Co.’s holdings in Cisco Systems were worth $16,654,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Meyer Handelman Co. boosted its stake in Cisco Systems by 1.2% during the 2nd quarter. Meyer Handelman Co. now owns 626,505 shares of the network equipment provider’s stock valued at $43,467,000 after purchasing an additional 7,292 shares during the last quarter. MKT Advisors LLC purchased a new stake in Cisco Systems during the 2nd quarter valued at $230,000. Banque Pictet & Cie SA boosted its stake in Cisco Systems by 1.0% during the 2nd quarter. Banque Pictet & Cie SA now owns 55,168 shares of the network equipment provider’s stock valued at $3,813,000 after purchasing an additional 535 shares during the last quarter. Colton Groome Financial Advisors LLC purchased a new stake in Cisco Systems during the 2nd quarter valued at $223,000. Finally, Register Financial Advisors LLC boosted its stake in Cisco Systems by 18.3% during the 2nd quarter. Register Financial Advisors LLC now owns 26,241 shares of the network equipment provider’s stock valued at $1,821,000 after purchasing an additional 4,056 shares during the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Cisco Systems Price Performance

Shares of Cisco Systems stock opened at $67.85 on Friday. Cisco Systems, Inc. has a one year low of $52.11 and a one year high of $72.55. The stock’s fifty day moving average is $68.14 and its 200 day moving average is $64.25. The stock has a market cap of $268.22 billion, a P/E ratio of 25.90, a P/E/G ratio of 2.83 and a beta of 0.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results 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 return on equity of 27.06% and a net margin of 18.45%.The company had revenue of $14.67 billion for the quarter, compared to analysts’ expectations of $14.63 billion. During the same period last year, the firm earned $0.87 EPS. Cisco Systems’s revenue for the quarter 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 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems’s dividend payout ratio (DPR) is currently 62.60%.

Analysts Set New Price Targets

CSCO has been the topic of a number of research reports. Barclays raised their price target on Cisco Systems from $66.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 14th. Wolfe Research initiated coverage on Cisco Systems in a research note on Tuesday, July 8th. They issued a “peer perform” rating on the stock. KeyCorp initiated coverage on Cisco Systems in a research note on Thursday, June 26th. They issued an “overweight” rating and a $77.00 price target on the stock. Bank of America raised their price target on Cisco Systems from $76.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. Finally, Morgan Stanley raised their price target on Cisco Systems from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $74.53.

Insider Buying and Selling

In related news, insider Jeetendra I. Patel sold 9,061 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $603,462.60. Following the transaction, the insider directly owned 237,405 shares of the company’s stock, valued at approximately $15,811,173. This trade represents a 3.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Charles Robbins sold 30,557 shares of the firm’s stock in a transaction dated Friday, August 15th. The shares were 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 approximately $42,576,570. This represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,965 shares of company stock worth $5,559,996 in the last quarter. Company insiders own 0.01% of the company’s stock.

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.