Hennion & Walsh Asset Management Inc. Lowers Holdings in Cisco Systems, Inc. $CSCO

Hennion & Walsh Asset Management Inc. reduced its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 19.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,504 shares of the network equipment provider’s stock after selling 20,867 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Cisco Systems were worth $5,919,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Avantax Advisory Services Inc. grew its holdings in Cisco Systems by 1.1% in the second quarter. Avantax Advisory Services Inc. now owns 420,336 shares of the network equipment provider’s stock valued at $29,163,000 after purchasing an additional 4,525 shares during the period. Greystone Financial Group LLC purchased a new position in shares of Cisco Systems during the 3rd quarter valued at approximately $8,563,000. Drive Wealth Management LLC grew its stake in Cisco Systems by 2.7% in the 2nd quarter. Drive Wealth Management LLC now owns 16,605 shares of the network equipment provider’s stock valued at $1,152,000 after acquiring an additional 436 shares during the period. Shell Asset Management Co. increased its holdings in Cisco Systems by 53.3% in the 2nd quarter. Shell Asset Management Co. now owns 77,234 shares of the network equipment provider’s stock worth $5,358,000 after acquiring an additional 26,840 shares in the last quarter. Finally, Guinness Asset Management LTD raised its position in Cisco Systems by 15.9% during the second quarter. Guinness Asset Management LTD now owns 4,389,728 shares of the network equipment provider’s stock worth $304,451,000 after acquiring an additional 603,131 shares during the period. 73.33% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Thimaya K. Subaiya sold 1,745 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $79.46, for a total value of $138,657.70. Following the completion of the transaction, the executive vice president directly owned 176,319 shares in the company, valued at approximately $14,010,307.74. This represents a 0.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Maria Victoria Wong sold 428 shares of Cisco Systems stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $80.33, for a total value of $34,381.24. Following the completion of the sale, the senior vice president owned 32,176 shares in the company, valued at $2,584,698.08. This represents a 1.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,044,865 shares of company stock worth $81,397,635. 0.01% of the stock is currently owned by company insiders.

Cisco Systems Stock Performance

NASDAQ CSCO opened at $75.58 on Tuesday. 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 stock’s fifty day moving average is $76.24 and its two-hundred day moving average is $71.20. The firm has a market capitalization of $298.62 billion, a P/E ratio of 28.41, a price-to-earnings-growth ratio of 2.88 and a beta of 0.87. Cisco Systems, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $80.82.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 EPS for the quarter, topping the consensus estimate of $0.98 by $0.02. The business had revenue of $14.88 billion for the quarter, compared to analyst estimates of $14.77 billion. Cisco Systems had a return on equity of 27.29% and a net margin of 18.38%.The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS. 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. On average, research analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CSCO. Erste Group Bank upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating in a research report on Monday, November 10th. Argus boosted their price objective on Cisco Systems from $80.00 to $100.00 in a research note on Thursday, November 13th. President Capital decreased their target price on Cisco Systems from $90.00 to $88.00 in a research report on Wednesday, December 24th. Barclays lifted their price target on Cisco Systems from $71.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 13th. Finally, Wells Fargo & Company increased their price objective on Cisco Systems from $83.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. Sixteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $85.23.

Cisco Systems 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.