Guinness Asset Management LTD Trims Stake in Cisco Systems, Inc. $CSCO

Guinness Asset Management LTD cut its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 18.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,558,044 shares of the network equipment provider’s stock after selling 831,684 shares during the quarter. Cisco Systems accounts for about 3.8% of Guinness Asset Management LTD’s holdings, making the stock its 12th largest position. Guinness Asset Management LTD’s holdings in Cisco Systems were worth $240,951,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSCO. Bare Financial Services Inc boosted its stake in Cisco Systems by 531.0% during the second quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider’s stock valued at $25,000 after buying an additional 308 shares during the last quarter. Marquette Asset Management LLC purchased a new position in shares of Cisco Systems in the third quarter valued at $25,000. Financial Connections Group Inc. raised its stake 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 valued at $28,000 after purchasing an additional 193 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in Cisco Systems during the second quarter valued at $28,000. Finally, Lowe Wealth Advisors LLC grew its stake in shares of Cisco Systems by 96.2% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 408 shares of the network equipment provider’s stock worth $28,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insiders Place Their Bets

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 164,584 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $77.85, for a total value of $12,812,864.40. Following the transaction, the executive vice president directly owned 196,738 shares in the company, valued at $15,316,053.30. This represents a 45.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael D. Capellas sold 16,150 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $77.28, for a total value of $1,248,072.00. Following the completion of the sale, the director owned 157,218 shares of the company’s stock, valued at $12,149,807.04. The trade was a 9.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,044,865 shares of company stock worth $81,397,635. 0.01% of the stock is owned by company insiders.

Cisco Systems Price Performance

Shares of CSCO stock opened at $82.36 on Friday. The stock has a 50 day moving average price of $77.20 and a 200 day moving average price of $72.47. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $84.24. 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 has a market capitalization of $325.41 billion, a P/E ratio of 30.96, a P/E/G ratio of 3.07 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. Cisco Systems had a return on equity of 27.29% and a net margin of 18.38%.The business had revenue of $14.88 billion for the quarter, compared to analyst estimates of $14.77 billion. During the same quarter last year, the firm posted $0.91 earnings per share. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd were given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, January 2nd. Cisco Systems’s payout ratio is 61.65%.

Analysts Set New Price Targets

A number of brokerages recently commented on CSCO. Wells Fargo & Company increased their price target on shares of Cisco Systems from $83.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, November 13th. President Capital decreased their price objective on Cisco Systems from $90.00 to $88.00 in a research report on Wednesday, December 24th. Rosenblatt Securities boosted their target price on Cisco Systems from $87.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Bank of America increased their price target on Cisco Systems from $85.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Finally, Argus lifted their price objective on shares of Cisco Systems from $80.00 to $100.00 in a research note on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $90.38.

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.