Cisco Systems, Inc. $CSCO Shares Sold by Jackson Square Capital LLC

Jackson Square Capital LLC decreased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 5.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 120,083 shares of the network equipment provider’s stock after selling 6,387 shares during the period. Cisco Systems makes up approximately 1.9% of Jackson Square Capital LLC’s portfolio, making the stock its 15th biggest position. Jackson Square Capital LLC’s holdings in Cisco Systems were worth $12,925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of CSCO. BlackRock Inc. acquired a new stake in shares of Cisco Systems in the second quarter worth approximately $42,129,647,000. Bank of America Corp DE acquired a new position in Cisco Systems during the second quarter worth approximately $5,892,379,000. Bank of New York Mellon Corp acquired a new position in Cisco Systems during the second quarter worth approximately $4,714,574,000. Deutsche Bank AG purchased a new position in Cisco Systems during the second quarter worth approximately $1,997,004,000. Finally, State Street Corp raised its stake in Cisco Systems by 7.0% during the second quarter. State Street Corp now owns 207,106,569 shares of the network equipment provider’s stock worth $25,278,492,000 after purchasing an additional 13,512,872 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insider Transactions at Cisco Systems

In related news, EVP Oliver Tuszik sold 680 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $110.18, for a total value of $74,922.40. Following the completion of the sale, the executive vice president directly owned 163,337 shares in the company, valued at approximately $17,996,470.66. This represents a 0.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thimaya Subaiya sold 312 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $110.18, for a total value of $34,376.16. Following the completion of the transaction, the executive vice president directly owned 127,661 shares in the company, valued at $14,065,688.98. This trade represents a 0.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 44,869 shares of company stock worth $5,005,620 in the last quarter. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Trading Down 0.2%

NASDAQ CSCO traded down $0.24 during mid-day trading on Monday, hitting $107.15. The company’s stock had a trading volume of 5,173,154 shares, compared to its average volume of 22,195,354. The firm has a market capitalization of $422.46 billion, a P/E ratio of 32.08, a price-to-earnings-growth ratio of 2.24 and a beta of 0.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.79. Cisco Systems, Inc. has a 52-week low of $69.85 and a 52-week high of $130.37. The stock’s fifty day simple moving average is $111.38 and its two-hundred day simple moving average is $109.10.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.05. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The company had revenue of $17.25 billion during the quarter, compared to the consensus estimate of $16.84 billion. During the same period in the previous year, the firm earned $0.99 earnings per share. Cisco Systems’s revenue for the quarter was up 17.6% on a year-over-year basis. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. Research analysts expect that Cisco Systems, Inc. will post 4.42 EPS for the current year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Friday, October 2nd will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, October 2nd. Cisco Systems’s dividend payout ratio is 50.30%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CSCO. KeyCorp lifted their price target on shares of Cisco Systems from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Wall Street Zen upgraded Cisco Systems from a “hold” rating to a “buy” rating in a report on Sunday, October 11th. Rosenblatt Securities increased their target price on Cisco Systems from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. UBS Group increased their target price on Cisco Systems from $132.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Finally, Freedom Capital raised Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 16th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued 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 target price of $128.52.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration and observability solutions for businesses, government organizations and service providers. Its offerings include routers, switches, wireless networking equipment, data-center infrastructure, security software and services, as well as technologies that support cloud and hybrid IT environments.

The company also provides collaboration tools through its Webex portfolio, cloud-managed networking through Cisco Meraki and security and observability capabilities that include technologies from Splunk, which Cisco acquired in 2024.