St. James Investment Company LLC Trims Holdings in Cisco Systems, Inc. $CSCO

St. James Investment Company LLC trimmed its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 35.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 117,964 shares of the network equipment provider’s stock after selling 64,106 shares during the period. Cisco Systems accounts for about 1.5% of St. James Investment Company LLC’s investment portfolio, making the stock its 24th biggest position. St. James Investment Company LLC’s holdings in Cisco Systems were worth $9,087,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CSCO. Cairn Investment Group Inc. increased its stake in Cisco Systems by 0.5% during the 4th quarter. Cairn Investment Group Inc. now owns 24,146 shares of the network equipment provider’s stock worth $1,860,000 after buying an additional 130 shares during the period. Juncture Wealth Strategies LLC increased its stake in Cisco Systems by 0.9% during the 4th quarter. Juncture Wealth Strategies LLC now owns 15,042 shares of the network equipment provider’s stock worth $1,159,000 after buying an additional 132 shares during the period. Northstar Advisory Group LLC increased its stake in Cisco Systems by 1.6% during the 4th quarter. Northstar Advisory Group LLC now owns 8,203 shares of the network equipment provider’s stock worth $632,000 after buying an additional 133 shares during the period. Roman Butler Fullerton & Co. increased its stake in Cisco Systems by 0.8% during the 4th quarter. Roman Butler Fullerton & Co. now owns 15,917 shares of the network equipment provider’s stock worth $1,183,000 after buying an additional 133 shares during the period. Finally, MMA Asset Management LLC increased its stake in Cisco Systems by 2.3% during the 4th quarter. MMA Asset Management LLC now owns 6,167 shares of the network equipment provider’s stock worth $475,000 after buying an additional 139 shares during the period. 73.33% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Cisco Systems

Here are the key news stories impacting Cisco Systems this week:

• Positive Sentiment: Investors are betting Cisco will benefit from strong AI infrastructure demand, hyperscaler spending, and solid product orders, which could support another earnings beat and upbeat guidance. The Zacks Analyst Blog Cisco, Arista Networks, Dell and Hewlett
• Positive Sentiment: The company is approaching earnings with shares at or near all-time highs, reflecting strong momentum and continued investor confidence in the networking business. Cisco Q3 Preview: Stock Hits New Highs, Expert Asks ‘Can It Return To Those Parabolic ’90s Like Returns?’
• Positive Sentiment: AT&T’s launch of a Cisco-powered post-quantum security SD-WAN service highlights Cisco’s role in next-generation enterprise networking and cybersecurity. Can AT&T’s Cisco-Powered Quantum Security Network Drive Profits?
• Neutral Sentiment: JPMorgan raised its price target to $96, but that still sits below Cisco’s recent trading range, suggesting the market may already be pricing in a strong earnings outlook. JPMorgan Adjusts Price Target on Cisco Systems to 96 From 95
• Negative Sentiment: Some reports note the stock is the most overbought it has been since 2018, raising the risk of a pullback if earnings or guidance disappoint. Cisco stock at its most overbought since 2018 — and a top pro sees 25% upside
• Negative Sentiment: Traders are also bracing for a sizable post-earnings move, which signals elevated uncertainty around the upcoming results and forward outlook. How Much Is Cisco Stock Expected to Move After Earnings This Week?

Insider Buying and Selling

In other Cisco Systems news, CEO Charles Robbins sold 19,545 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $76.00, for a total value of $1,485,420.00. Following the sale, the chief executive officer directly owned 671,095 shares of the company’s stock, valued at approximately $51,003,220. This represents a 2.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Oliver Tuszik sold 3,132 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $79.74, for a total transaction of $249,745.68. Following the completion of the sale, the executive vice president directly owned 188,613 shares in the company, valued at approximately $15,040,000.62. This represents a 1.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 46,431 shares of company stock worth $3,574,820. Corporate insiders own 0.01% of the company’s stock.

Cisco Systems Trading Up 0.6%

Shares of NASDAQ:CSCO opened at $99.29 on Wednesday. Cisco Systems, Inc. has a 52 week low of $60.85 and a 52 week high of $99.93. The company’s 50 day moving average is $83.48 and its two-hundred day moving average is $79.14. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45. The company has a market cap of $392.18 billion, a PE ratio of 34.84, a P/E/G ratio of 3.70 and a beta of 0.92.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, February 11th. The network equipment provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.02. Cisco Systems had a net margin of 19.22% and a return on equity of 27.88%. The company had revenue of $15.35 billion for the quarter, compared to the consensus estimate of $15.11 billion. During the same period in the prior year, the firm posted $0.94 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. Equities analysts predict that Cisco Systems, Inc. will post 3.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

CSCO has been the topic of several recent research reports. BNP Paribas Exane upped their target price on shares of Cisco Systems from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Truist Financial initiated coverage on shares of Cisco Systems in a research note on Tuesday, March 31st. They set a “buy” rating and a $94.00 target price on the stock. Erste Group Bank downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. JPMorgan Chase & Co. upped their target price on shares of Cisco Systems from $95.00 to $96.00 in a research note on Monday. Finally, Citigroup upped their target price on shares of Cisco Systems from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Cisco Systems has a consensus rating of “Moderate Buy” and a consensus price target of $90.29.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.