Cisco Systems, Inc. $CSCO Shares Sold by Minneapolis Portfolio Management Group LLC

by · The Cerbat Gem

Minneapolis Portfolio Management Group LLC decreased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 24.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 423,540 shares of the network equipment provider’s stock after selling 140,328 shares during the quarter. Cisco Systems accounts for about 3.3% of Minneapolis Portfolio Management Group LLC’s investment portfolio, making the stock its 15th largest position. Minneapolis Portfolio Management Group LLC’s holdings in Cisco Systems were worth $28,979,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Bare Financial Services Inc boosted its position in shares of Cisco Systems by 531.0% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider’s stock valued at $25,000 after purchasing an additional 308 shares during the period. Marquette Asset Management LLC purchased a new stake in Cisco Systems during the third quarter valued at about $25,000. Legacy Investment Solutions LLC purchased a new position in shares of Cisco Systems in the second quarter worth approximately $28,000. Lowe Wealth Advisors LLC raised its holdings in shares of Cisco Systems by 96.2% during the third quarter. Lowe Wealth Advisors LLC now owns 408 shares of the network equipment provider’s stock valued at $28,000 after acquiring an additional 200 shares during the period. Finally, Financial Connections Group Inc. lifted its position in shares of Cisco Systems by 89.4% in 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 in the last quarter. 73.33% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Cisco Systems news, CEO Charles Robbins sold 281,860 shares of the business’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 completion of the transaction, the chief executive officer owned 820,887 shares of the company’s stock, valued at $64,316,496.45. The trade was a 25.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thimaya K. Subaiya sold 56,038 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $78.33, for a total value of $4,389,456.54. Following the completion of the sale, the executive vice president directly owned 179,780 shares in the company, valued at approximately $14,082,167.40. This represents a 23.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,044,865 shares of company stock valued at $81,397,635. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Stock Performance

Shares of CSCO opened at $75.19 on Friday. The firm has a market cap of $297.08 billion, a price-to-earnings ratio of 28.27, a price-to-earnings-growth ratio of 2.85 and a beta of 0.87. The company’s fifty day moving average is $76.66 and its 200-day moving average is $71.57. The company has a quick ratio of 0.83, a current ratio of 0.93 and a debt-to-equity ratio of 0.46. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $80.82.

Cisco Systems (NASDAQ:CSCO – Get Free Report) last posted its earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 EPS for the quarter, topping the consensus estimate of $0.98 by $0.02. Cisco Systems had a net margin of 18.38% and a return on equity of 27.29%. The firm had revenue of $14.88 billion for the quarter, compared to the consensus estimate of $14.77 billion. During the same period in the prior year, the business posted $0.91 earnings per share. The business’s quarterly revenue was up 7.5% on a year-over-year basis. 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. Equities analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $1.64 dividend on an annualized basis and a yield of 2.2%. Cisco Systems’s dividend payout ratio is presently 61.65%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. President Capital cut their target price on shares of Cisco Systems from $90.00 to $88.00 in a research note on Wednesday, December 24th. Evercore ISI increased their price objective on Cisco Systems from $74.00 to $80.00 and gave the stock an “in-line” rating in a research note on Thursday, November 13th. Citigroup lifted their target price on Cisco Systems from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. BNP Paribas Exane increased their price target on shares of Cisco Systems from $76.00 to $86.00 and gave the stock an “outperform” rating in a research report on Thursday, November 13th. Finally, Wells Fargo & Company boosted their price objective on shares of Cisco Systems from $83.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. Sixteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $85.23.

Get Our Latest Stock Analysis on CSCO

Cisco Systems Company 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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