Tevis Investment Management Trims Position in Cisco Systems, Inc. $CSCO

Tevis Investment Management cut its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 54.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 14,191 shares of the network equipment provider’s stock after selling 16,662 shares during the quarter. Tevis Investment Management’s holdings in Cisco Systems were worth $985,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in CSCO. Financial Connections Group Inc. grew its stake in Cisco Systems by 89.4% in the second quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock worth $28,000 after purchasing an additional 193 shares during the period. Pandora Wealth Inc. purchased a new stake in Cisco Systems in the first quarter worth $31,000. Nova Wealth Management Inc. purchased a new stake in Cisco Systems in the first quarter worth $31,000. Brown Shipley& Co Ltd purchased a new stake in Cisco Systems in the second quarter worth $32,000. Finally, Fairway Wealth LLC grew its stake in Cisco Systems by 224.7% in the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider’s stock worth $36,000 after purchasing an additional 400 shares during the period. 73.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Cisco Systems news, CEO Charles Robbins sold 30,557 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 639,000 shares of the company’s stock, valued at approximately $42,576,570. This represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeetendra I. Patel sold 9,061 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $603,462.60. Following the completion of the transaction, the insider directly owned 237,405 shares in the company, valued at approximately $15,811,173. This represents a 3.68% 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 90 days. Insiders own 0.01% of the company’s stock.

Cisco Systems Trading Up 1.1%

Shares of NASDAQ:CSCO opened at $71.39 on Tuesday. The company has a market cap of $282.22 billion, a P/E ratio of 27.25, a PEG ratio of 2.97 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. Cisco Systems, Inc. has a 1 year low of $52.11 and a 1 year high of $72.55. The stock’s fifty day moving average price is $68.39 and its 200-day moving average price is $65.84.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly 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 firm had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company 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. Sell-side analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd were issued a $0.41 dividend. The ex-dividend date of this dividend 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 currently 62.60%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Hsbc Global Res cut Cisco Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Evercore ISI upped their price target on Cisco Systems from $72.00 to $74.00 and gave the stock an “in-line” rating in a research note on Thursday, August 14th. UBS Group upped their price target on Cisco Systems from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. JPMorgan Chase & Co. increased their target price on Cisco Systems from $73.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Finally, Morgan Stanley increased their target price on Cisco Systems from $73.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Cisco Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.72.

Cisco Systems 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.