Keudell Morrison Wealth Management Reduces Stake in Cisco Systems, Inc. $CSCO

Keudell Morrison Wealth Management lowered its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 13.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,060 shares of the network equipment provider’s stock after selling 2,424 shares during the period. Keudell Morrison Wealth Management’s holdings in Cisco Systems were worth $1,045,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CSCO. Brighton Jones LLC boosted its position in shares of Cisco Systems by 49.5% during the fourth quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider’s stock valued at $4,392,000 after buying an additional 24,562 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Cisco Systems by 37.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider’s stock valued at $542,000 after buying an additional 2,474 shares during the period. Foster Group Inc. boosted its position in shares of Cisco Systems by 47.1% during the first quarter. Foster Group Inc. now owns 6,654 shares of the network equipment provider’s stock valued at $411,000 after buying an additional 2,130 shares during the period. Pines Wealth Management LLC boosted its position in shares of Cisco Systems by 5.3% during the first quarter. Pines Wealth Management LLC now owns 17,788 shares of the network equipment provider’s stock valued at $1,098,000 after buying an additional 889 shares during the period. Finally, Radnor Capital Management LLC boosted its position in shares of Cisco Systems by 2.7% during the first quarter. Radnor Capital Management LLC now owns 52,344 shares of the network equipment provider’s stock valued at $3,230,000 after buying an additional 1,395 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Cisco Systems Price Performance

NASDAQ:CSCO opened at $67.92 on Friday. Cisco Systems, Inc. has a one year low of $52.11 and a one year high of $72.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. The firm has a market cap of $268.50 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 2.85 and a beta of 0.97. The firm’s fifty day moving average is $68.10 and its two-hundred day moving average is $64.59.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. During the same period in the prior year, the company earned $0.87 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Research analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems’s dividend payout ratio is presently 62.60%.

Insider Buying and Selling at Cisco Systems

In other news, CEO Charles Robbins sold 30,557 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the sale, the chief executive officer directly owned 639,000 shares of the company’s stock, valued at $42,576,570. This represents a 4.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $68.08, for a total transaction of $185,041.44. Following the sale, the executive vice president directly owned 157,184 shares in the company, valued at approximately $10,701,086.72. The trade was a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,965 shares of company stock worth $5,559,996. 0.01% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on CSCO. Hsbc Global Res lowered Cisco Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Deutsche Bank Aktiengesellschaft upgraded Cisco Systems from a “hold” rating to a “buy” rating and boosted their price target for the company from $65.00 to $73.00 in a report on Monday, June 16th. Wolfe Research initiated coverage on Cisco Systems in a report on Tuesday, July 8th. They issued a “peer perform” rating for the company. Evercore ISI boosted their price target on Cisco Systems from $72.00 to $74.00 and gave the company an “in-line” rating in a report on Thursday, August 14th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $87.00 price target on shares of Cisco Systems in a report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, Cisco Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.53.

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.