Wernau Asset Management Inc. Sells 3,641 Shares of Cisco Systems, Inc. $CSCO

Wernau Asset Management Inc. trimmed its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 14.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,196 shares of the network equipment provider's stock after selling 3,641 shares during the quarter. Cisco Systems accounts for 1.0% of Wernau Asset Management Inc.'s holdings, making the stock its 14th biggest holding. Wernau Asset Management Inc.'s holdings in Cisco Systems were worth $1,471,000 at the end of the most recent reporting period.

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A number of other institutional investors also recently modified their holdings of CSCO. Legacy Investment Solutions LLC bought a new position in shares of Cisco Systems during the second quarter worth approximately $28,000. Financial Connections Group Inc. lifted its position in shares of Cisco Systems by 89.4% during the 2nd quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider's stock valued at $28,000 after acquiring an additional 193 shares during the period. Brown Shipley& Co Ltd acquired a new stake in shares of Cisco Systems during the 2nd quarter worth $32,000. Pandora Wealth Inc. bought a new position in shares of Cisco Systems in the first quarter worth $31,000. Finally, Nova Wealth Management Inc. acquired a new position in Cisco Systems in the first quarter valued at about $31,000. Institutional investors own 73.33% of the company's stock.

Analyst Upgrades and Downgrades

CSCO has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Cisco Systems from $80.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, November 13th. Barclays boosted their price objective on shares of Cisco Systems from $71.00 to $76.00 and gave the company an "equal weight" rating in a research report on Thursday, November 13th. Evercore ISI raised their target price on Cisco Systems from $74.00 to $80.00 and gave the company an "in-line" rating in a report on Thursday, November 13th. Piper Sandler raised their target price on Cisco Systems from $70.00 to $86.00 and gave the company a "neutral" rating in a report on Thursday, November 13th. Finally, Melius Research boosted their price target on Cisco Systems from $84.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, November 13th. Seventeen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.14.

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Cisco Systems Stock Up 1.2%

Shares of NASDAQ CSCO opened at $79.34 on Thursday. The company has a 50 day simple moving average of $70.49 and a 200 day simple moving average of $67.90. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. Cisco Systems, Inc. has a 1 year low of $52.11 and a 1 year high of $79.50. The firm has a market cap of $312.66 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 3.00 and a beta of 0.95.

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Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted 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. The firm had revenue of $14.88 billion for the quarter, compared to analyst estimates of $14.77 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 EPS. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS. Q2 2026 guidance at 1.010-1.030 EPS. On average, research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, January 2nd. Cisco Systems's dividend payout ratio (DPR) is currently 61.65%.

Insider Activity

In related news, insider Jeetendra I. Patel sold 163,896 shares of Cisco Systems stock in a transaction on Friday, November 14th. The shares were sold at an average price of $77.86, for a total transaction of $12,760,942.56. Following the completion of the transaction, the insider owned 281,108 shares of the company's stock, valued at $21,887,068.88. This trade represents a 36.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Charles Robbins sold 281,860 shares of the company's stock in a transaction on Monday, November 17th. The shares were sold at an average price of $78.35, for a total transaction of $22,083,731.00. Following the sale, the chief executive officer directly owned 820,887 shares in the company, valued at $64,316,496.45. This trade represents a 25.56% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 961,950 shares of company stock worth $74,696,164. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Company Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.

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