Cisco Systems, Inc. $CSCO Shares Sold by Trustco Bank Corp N Y

Trustco Bank Corp N Y decreased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 7.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,850 shares of the network equipment provider’s stock after selling 1,500 shares during the quarter. Cisco Systems makes up approximately 1.3% of Trustco Bank Corp N Y’s holdings, making the stock its 26th biggest holding. Trustco Bank Corp N Y’s holdings in Cisco Systems were worth $1,163,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Oarsman Capital Inc. increased its stake in shares of Cisco Systems by 15.9% in the first quarter. Oarsman Capital Inc. now owns 32,278 shares of the network equipment provider’s stock valued at $1,992,000 after purchasing an additional 4,437 shares during the period. OMERS ADMINISTRATION Corp increased its stake in shares of Cisco Systems by 24.5% in the first quarter. OMERS ADMINISTRATION Corp now owns 233,251 shares of the network equipment provider’s stock valued at $14,394,000 after purchasing an additional 45,970 shares during the period. Cape ANN Savings Bank increased its stake in shares of Cisco Systems by 5.7% in the first quarter. Cape ANN Savings Bank now owns 3,720 shares of the network equipment provider’s stock valued at $230,000 after purchasing an additional 200 shares during the period. Truvestments Capital LLC increased its stake in shares of Cisco Systems by 14.6% in the first quarter. Truvestments Capital LLC now owns 7,698 shares of the network equipment provider’s stock valued at $475,000 after purchasing an additional 983 shares during the period. Finally, Wealth Preservation Advisors LLC acquired a new stake in shares of Cisco Systems in the first quarter valued at approximately $41,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Trading Up 0.1%

Cisco Systems stock opened at $68.44 on Thursday. The company has a 50 day moving average price of $68.34 and a 200 day moving average price of $63.67. The firm has a market capitalization of $271.02 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 2.90 and a beta of 0.91. Cisco Systems, Inc. has a 52 week low of $47.85 and a 52 week high of $72.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 1.01.

Cisco Systems (NASDAQ:CSCO) last issued its 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. Cisco Systems had a net margin of 18.45% and a return on equity of 27.02%. The company had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. During the same quarter last year, the business posted $0.87 EPS. The company’s revenue for the quarter 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 forecast that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The company 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 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems’s dividend payout ratio (DPR) is 62.60%.

Insider Transactions at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 8,726 shares of the business’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $65.54, for a total transaction of $571,902.04. Following the transaction, the executive vice president owned 174,669 shares in the company, valued at approximately $11,447,806.26. The trade was a 4.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Charles Robbins sold 30,557 shares of the business’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the transaction, the chief executive officer owned 639,000 shares in the company, valued at approximately $42,576,570. The trade was a 4.56% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 119,095 shares of company stock worth $7,841,167. Corporate insiders own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on CSCO. William Blair upgraded shares of Cisco Systems to a “hold” rating in a research note on Thursday, August 14th. Citigroup raised their price objective on shares of Cisco Systems from $68.00 to $71.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Deutsche Bank Aktiengesellschaft upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and raised their target price for the stock from $65.00 to $73.00 in a report on Monday, June 16th. Hsbc Global Res lowered shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Finally, Barclays lifted their price target on shares of Cisco Systems from $66.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $74.53.

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.