Midland Wealth Advisors LLC Sells 1,745 Shares of Cisco Systems, Inc. $CSCO

Midland Wealth Advisors LLC trimmed its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 6.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 24,879 shares of the network equipment provider’s stock after selling 1,745 shares during the quarter. Midland Wealth Advisors LLC’s holdings in Cisco Systems were worth $1,726,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC raised its holdings in Cisco Systems by 49.5% in the fourth quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider’s stock worth $4,392,000 after buying an additional 24,562 shares during the last quarter. Revolve Wealth Partners LLC increased 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 acquiring an additional 2,474 shares in the last quarter. Prism Advisors Inc. purchased a new position in Cisco Systems in the 1st quarter worth approximately $200,000. Stephens Inc. AR lifted its position in Cisco Systems by 0.7% in the 1st quarter. Stephens Inc. AR now owns 511,402 shares of the network equipment provider’s stock valued at $31,559,000 after acquiring an additional 3,672 shares in the last quarter. Finally, Pittenger & Anderson Inc. boosted its stake in Cisco Systems by 1.7% during the 1st quarter. Pittenger & Anderson Inc. now owns 219,023 shares of the network equipment provider’s stock valued at $13,516,000 after purchasing an additional 3,675 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CSCO has been the subject of several recent analyst reports. Wells Fargo & Company boosted their price target on Cisco Systems from $75.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th. HSBC restated a “hold” rating and set a $69.00 target price on shares of Cisco Systems in a research note on Friday, August 15th. Morgan Stanley lifted their price target on shares of Cisco Systems from $73.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Bank of America increased their price objective on shares of Cisco Systems from $76.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. Finally, William Blair raised shares of Cisco Systems to a “hold” rating in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.50.

Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 7,511 shares of the firm’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 transaction of $502,035.24. Following the sale, the executive vice president owned 161,467 shares in the company, valued at approximately $10,792,454.28. This trade represents a 4.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeetendra I. Patel sold 9,061 shares of the company’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 approximately $15,811,173. The trade was a 3.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 82,965 shares of company stock valued at $5,559,996. Company insiders own 0.01% of the company’s stock.

Cisco Systems Stock Up 0.0%

Shares of CSCO stock opened at $71.07 on Monday. 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 12 month low of $52.11 and a 12 month high of $74.84. The stock has a market cap of $280.07 billion, a P/E ratio of 27.13, a P/E/G ratio of 3.00 and a beta of 0.95. The company has a 50 day simple moving average of $69.19 and a two-hundred day simple moving average of $66.94.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data 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 firm had revenue of $14.67 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.87 EPS. 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 expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 2.3%. Cisco Systems’s dividend payout ratio is presently 62.60%.

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.