D.A. Davidson & CO. Sells 13,779 Shares of Cisco Systems, Inc. $CSCO

D.A. Davidson & CO. lowered its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 469,079 shares of the network equipment provider’s stock after selling 13,779 shares during the period. D.A. Davidson & CO.’s holdings in Cisco Systems were worth $32,094,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CSCO. Bare Financial Services Inc grew its position in shares of Cisco Systems by 531.0% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider’s stock valued at $25,000 after acquiring an additional 308 shares during the period. Legacy Investment Solutions LLC acquired a new stake in Cisco Systems in the 2nd quarter valued at about $28,000. Lowe Wealth Advisors LLC grew its holdings in Cisco Systems by 96.2% during the third quarter. Lowe Wealth Advisors LLC now owns 408 shares of the network equipment provider’s stock worth $28,000 after purchasing an additional 200 shares during the period. Financial Connections Group Inc. grew its holdings in Cisco Systems by 89.4% during 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. Finally, Brown Shipley& Co Ltd acquired a new position in Cisco Systems during the second quarter worth approximately $32,000. 73.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CSCO has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their target price on Cisco Systems from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 13th. Rosenblatt Securities lifted their price objective on shares of Cisco Systems from $87.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Barclays upped their price objective on shares of Cisco Systems from $71.00 to $76.00 and gave the company an “equal weight” rating in a report on Thursday, November 13th. Melius Research lifted their target price on shares of Cisco Systems from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, KeyCorp upped their price target on shares of Cisco Systems from $77.00 to $87.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. Seventeen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.70.

Cisco Systems Price Performance

NASDAQ:CSCO opened at $76.04 on Monday. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week high of $80.82. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.83 and a current ratio of 0.93. The firm’s 50-day simple moving average is $76.15 and its 200 day simple moving average is $71.13. The firm has a market cap of $300.44 billion, a price-to-earnings ratio of 28.59, a P/E/G ratio of 2.88 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. Cisco Systems had a net margin of 18.38% and a return on equity of 27.29%. The firm had revenue of $14.88 billion for the quarter, compared to analyst estimates of $14.77 billion. During the same quarter in the prior year, the business posted $0.91 EPS. The business’s revenue was up 7.5% compared to the same quarter last year. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS and its Q2 2026 guidance at 1.010-1.030 EPS. As a group, sell-side analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Friday, January 2nd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, January 2nd. Cisco Systems’s dividend payout ratio is presently 61.65%.

Insider Activity at Cisco Systems

In related news, CEO Charles Robbins sold 116,734 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $77.30, for a total transaction of $9,023,538.20. Following the sale, the chief executive officer owned 704,153 shares in the company, valued at approximately $54,431,026.90. This trade represents a 14.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael D. Capellas sold 10,850 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $77.13, for a total transaction of $836,860.50. Following the transaction, the director owned 146,368 shares of the company’s stock, valued at approximately $11,289,363.84. This represents a 6.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,044,865 shares of company stock worth $81,397,635 in the last quarter. 0.01% of the stock is currently owned by corporate insiders.

About Cisco Systems

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.