Jefferies Financial Group Inc. Sells 22,154 Shares of Cisco Systems, Inc. $CSCO

Jefferies Financial Group Inc. cut its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 68.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,284 shares of the network equipment provider’s stock after selling 22,154 shares during the period. Jefferies Financial Group Inc.’s holdings in Cisco Systems were worth $1,107,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Cisco Systems in the 2nd quarter valued at approximately $42,129,647,000. State Street Corp boosted its position 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 in the last quarter. Bank of America Corp DE purchased a new stake in Cisco Systems during the second quarter worth $5,892,379,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Cisco Systems by 2.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 43,450,141 shares of the network equipment provider’s stock valued at $5,103,654,000 after purchasing an additional 1,143,106 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Cisco Systems in the second quarter valued at $4,714,574,000. 73.33% of the stock is currently owned by institutional investors and hedge funds.

More Cisco Systems News

These are some of the CSCO news items that stood out recently:

• Positive Sentiment: Cisco reported revenue of $18.5 billion and adjusted EPS of $1.40, beating estimates. It raised fiscal 2027 revenue guidance to $74.8–$75.8 billion and EPS guidance to $5.47–$5.53, and lifted its AI revenue target to $9 billion. Strong AI-infrastructure and networking demand underpin the outlook. Reuters: Cisco raises annual revenue forecast
• Positive Sentiment: Management characterized the sequential decline in its second-quarter revenue outlook as seasonal rather than a sign of weakening demand, and emphasized the company’s profitability. Cisco CEO comments on guidance and profitability
• Negative Sentiment: Investors also focused on a 2.5-percentage-point decline in non-GAAP gross margin. A richer mix of AI networking hardware and higher memory costs are weighing on margins, tempering the earnings and guidance beats. Cisco shares and AI networking margin pressure

Cisco Systems Price Performance

NASDAQ:CSCO traded down $6.37 during trading hours on Friday, reaching $95.64. 28,551,419 shares of the company traded hands, compared to its average volume of 19,473,690. The firm’s 50-day moving average is $107.76 and its 200-day moving average is $102.21. The stock has a market cap of $377.07 billion, a P/E ratio of 25.44, a P/E/G ratio of 2.09 and a beta of 1.01. 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 1-year low of $72.80 and a 1-year high of $130.37.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Thursday, November 12th. The network equipment provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.07. Cisco Systems had a return on equity of 33.06% and a net margin of 22.34%. The company had revenue of $18.52 billion during the quarter, compared to the consensus estimate of $18.12 billion. During the same quarter last year, the business posted $1.00 earnings per share. Cisco Systems has set its Q2 2027 guidance at 1.340-1.360 EPS and its FY 2027 guidance at 5.470-5.530 EPS. Equities research analysts expect that Cisco Systems, Inc. will post 4.48 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 20th. Investors of record on Monday, January 4th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Monday, January 4th. Cisco Systems’s dividend payout ratio (DPR) is currently 50.30%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CSCO. Freedom Capital upgraded Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 16th. Deutsche Bank started coverage on shares of Cisco Systems in a research report on Tuesday, September 1st. They issued a “buy” rating and a $135.00 price objective on the stock. Wall Street Zen raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a research note on Sunday. KeyCorp raised their target price 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. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Cisco Systems in a research report on Wednesday, August 26th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Cisco Systems currently has an average rating of “Moderate Buy” and an average target price of $125.64.

Insider Transactions at Cisco Systems

In related news, EVP Oliver Tuszik sold 680 shares of Cisco Systems stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $110.18, for a total transaction of $74,922.40. Following the completion of the sale, the executive vice president owned 163,337 shares in the company, valued at approximately $17,996,470.66. This trade represents a 0.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thimaya Subaiya sold 312 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $110.18, for a total transaction of $34,376.16. Following the completion of the transaction, the executive vice president directly owned 127,661 shares of the company’s stock, valued at $14,065,688.98. The trade was a 0.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 6,824 shares of company stock valued at $759,392. 0.01% of the stock is currently owned by company insiders.

About Cisco Systems

Cisco Systems, Inc. develops networking, cybersecurity, collaboration and observability technologies for businesses, governments and other organizations. Its products include routers, switches, wireless systems and data center infrastructure, along with security software and services that help organizations connect and protect their networks. The company also provides collaboration tools through its Webex platform and observability capabilities through its software offerings, including technology from Splunk, which Cisco acquired in 2024.