Cisco Systems, Inc. $CSCO Shares Sold by Wealth Enhancement Advisory Services LLC

by · The Markets Daily

Wealth Enhancement Advisory Services LLC lowered its holdings in Cisco Systems, Inc. (NASDAQ:CSCOFree Report) by 34.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,599,873 shares of the network equipment provider’s stock after selling 1,353,890 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Cisco Systems were worth $179,333,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. JCIC Asset Management Inc. acquired a new position in Cisco Systems in the third quarter worth approximately $71,000. Xcel Wealth Management LLC acquired a new stake in shares of Cisco Systems during the third quarter worth $708,000. High Net Worth Advisory Group LLC boosted its position in shares of Cisco Systems by 1.8% in the 3rd quarter. High Net Worth Advisory Group LLC now owns 12,684 shares of the network equipment provider’s stock valued at $868,000 after purchasing an additional 229 shares during the period. Smith Thornton Advisors LLC raised its holdings in Cisco Systems by 2.0% during the 3rd quarter. Smith Thornton Advisors LLC now owns 10,901 shares of the network equipment provider’s stock worth $746,000 after buying an additional 210 shares during the period. Finally, Glass Jacobson Investment Advisors llc lifted its stake in Cisco Systems by 12.0% during the third quarter. Glass Jacobson Investment Advisors llc now owns 2,104 shares of the network equipment provider’s stock valued at $144,000 after buying an additional 225 shares in the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, Director Michael D. Capellas sold 16,150 shares of the business’s stock in a transaction dated Thursday, December 18th. The stock was 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeetendra I. Patel sold 163,896 shares of the company’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $77.86, for a total value of $12,760,942.56. Following the sale, the insider owned 281,108 shares of the company’s stock, valued at approximately $21,887,068.88. This trade represents a 36.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,044,865 shares of company stock worth $81,397,635 in the last ninety days. Company insiders own 0.01% of the company’s stock.

Cisco Systems Price Performance

CSCO opened at $75.19 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.83 and a debt-to-equity ratio of 0.46. Cisco Systems, Inc. has a 1 year low of $52.11 and a 1 year high of $80.82. The stock has a fifty day moving average price of $76.66 and a 200 day moving average price of $71.61. The stock has a market cap of $297.08 billion, a price-to-earnings ratio of 28.27, a PEG ratio of 2.84 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCOGet Free Report) last posted its quarterly 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 company had revenue of $14.88 billion during the quarter, compared to the consensus estimate of $14.77 billion. Cisco Systems had a return on equity of 27.29% and a net margin of 18.38%.The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the business 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. Analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Friday, January 2nd will be issued a dividend of $0.41 per share. The ex-dividend date is Friday, January 2nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.2%. Cisco Systems’s dividend payout ratio (DPR) is currently 61.65%.

Wall Street Analyst Weigh In

CSCO has been the topic of a number of recent analyst reports. Melius Research boosted their price target on shares of Cisco Systems from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Bank of America boosted their target price on shares of Cisco Systems from $85.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Barclays raised their target price on Cisco Systems from $71.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 13th. KeyCorp upped their price target on Cisco Systems from $77.00 to $87.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. Finally, CICC Research raised their price objective on Cisco Systems from $78.00 to $84.00 and gave the stock an “outperform” rating in a research report on Friday, November 14th. Sixteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $85.23.

Read Our Latest Stock Report on Cisco Systems

Cisco Systems Profile

(Free Report)

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.

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