Jackson Thornton Wealth Management LLC Sells 882 Shares of Cisco Systems, Inc. $CSCO

Jackson Thornton Wealth Management LLC lessened its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 21.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,259 shares of the network equipment provider’s stock after selling 882 shares during the period. Jackson Thornton Wealth Management LLC’s holdings in Cisco Systems were worth $224,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Divergent Planning LLC bought a new stake in shares of Cisco Systems in the second quarter valued at about $1,576,000. Probity Advisors Inc. lifted its stake in Cisco Systems by 4.3% during the second quarter. Probity Advisors Inc. now owns 33,187 shares of the network equipment provider’s stock worth $2,303,000 after purchasing an additional 1,366 shares during the period. Triton Financial Group Inc bought a new position in Cisco Systems during the second quarter worth about $2,615,000. Klingman & Associates LLC lifted its stake in Cisco Systems by 28.9% during the second quarter. Klingman & Associates LLC now owns 13,788 shares of the network equipment provider’s stock worth $957,000 after purchasing an additional 3,089 shares during the period. Finally, Pittenger & Anderson Inc. lifted its stake in Cisco Systems by 7.1% during the second quarter. Pittenger & Anderson Inc. now owns 234,623 shares of the network equipment provider’s stock worth $16,278,000 after purchasing an additional 15,600 shares during the period. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Performance

NASDAQ CSCO opened at $70.65 on Tuesday. The firm has a market cap of $279.29 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 2.95 and a beta of 0.97. The company has a 50 day moving average of $68.20 and a 200-day moving average of $65.31. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a 1-year low of $52.11 and a 1-year high of $72.55.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.01. The company had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company’s revenue was up 7.6% on a year-over-year basis. During the same quarter 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, equities analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

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

Insider Transactions at Cisco Systems

In related news, EVP Thimaya K. Subaiya sold 7,511 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $66.84, for a total value of $502,035.24. Following the completion of the transaction, the executive vice president owned 161,467 shares in the company, valued at $10,792,454.28. The trade was a 4.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeetendra I. Patel sold 9,061 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $603,462.60. Following the completion of the transaction, the insider owned 237,405 shares of the company’s stock, valued at $15,811,173. This trade represents a 3.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,965 shares of company stock worth $5,559,996 over the last ninety days. 0.01% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CSCO has been the subject of a number of analyst reports. KeyCorp initiated coverage on shares of Cisco Systems in a research note on Thursday, June 26th. They set an “overweight” rating and a $77.00 price target for the company. UBS Group raised their price target on shares of Cisco Systems from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Wolfe Research initiated coverage on shares of Cisco Systems in a research note on Tuesday, July 8th. They set a “peer perform” rating for the company. HSBC restated a “hold” rating and set a $69.00 price target on shares of Cisco Systems in a research note on Friday, August 15th. Finally, William Blair upgraded shares of Cisco Systems to a “hold” rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Cisco Systems has a consensus rating of “Moderate Buy” and a consensus price target of $74.72.

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.