AGF Management Ltd. Cuts Holdings in Cisco Systems, Inc. $CSCO

AGF Management Ltd. lessened its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 623,796 shares of the network equipment provider’s stock after selling 14,725 shares during the period. AGF Management Ltd.’s holdings in Cisco Systems were worth $43,279,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Postrock Partners LLC grew its stake in Cisco Systems by 4.5% during the second quarter. Postrock Partners LLC now owns 3,480 shares of the network equipment provider’s stock worth $241,000 after buying an additional 150 shares during the period. Mount Vernon Associates Inc. MD lifted its holdings in shares of Cisco Systems by 0.4% during the 2nd quarter. Mount Vernon Associates Inc. MD now owns 41,379 shares of the network equipment provider’s stock valued at $2,871,000 after acquiring an additional 150 shares in the last quarter. Lion Street Advisors LLC boosted its position in Cisco Systems by 0.7% during the 2nd quarter. Lion Street Advisors LLC now owns 20,694 shares of the network equipment provider’s stock worth $1,436,000 after purchasing an additional 152 shares during the period. Boyd Watterson Asset Management LLC OH boosted its position in Cisco Systems by 1.5% during the 2nd quarter. Boyd Watterson Asset Management LLC OH now owns 10,445 shares of the network equipment provider’s stock worth $725,000 after purchasing an additional 152 shares during the period. Finally, Balboa Wealth Partners increased its holdings in Cisco Systems by 1.7% in the 2nd quarter. Balboa Wealth Partners now owns 9,150 shares of the network equipment provider’s stock valued at $635,000 after purchasing an additional 153 shares in the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Cisco Systems Stock Up 0.0%

Shares of Cisco Systems stock opened at $71.07 on Friday. The business has a 50-day moving average price of $69.19 and a 200 day moving average price of $66.78. Cisco Systems, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $74.84. The firm has a market cap of $280.07 billion, a P/E ratio of 27.13, a P/E/G ratio of 3.00 and a beta of 0.95. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. During the same quarter last year, the firm earned $0.87 EPS. The business’s revenue was up 7.6% on a year-over-year basis. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. On average, sell-side analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd were paid a dividend of $0.41 per share. The ex-dividend date was Friday, October 3rd. This represents a $1.64 annualized dividend and a yield of 2.3%. Cisco Systems’s payout ratio is presently 62.60%.

Analyst Upgrades and Downgrades

CSCO has been the topic of several analyst reports. Wells Fargo & Company raised their target price on Cisco Systems from $75.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. Piper Sandler boosted their target price on shares of Cisco Systems from $64.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, August 14th. William Blair raised shares of Cisco Systems to a “hold” rating in a report on Thursday, August 14th. Evercore ISI boosted their price objective on shares of Cisco Systems from $72.00 to $74.00 and gave the stock an “in-line” rating in a report on Thursday, August 14th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Cisco Systems from $73.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Cisco Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.50.

Insider Activity at Cisco Systems

In related news, CEO Charles Robbins sold 30,557 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the sale, the chief executive officer owned 639,000 shares in the company, valued at $42,576,570. This represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Oliver Tuszik sold 17,526 shares of the firm’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the completion of the transaction, the executive vice president directly owned 198,855 shares in the company, valued at $13,512,197.25. This represents a 8.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 82,965 shares of company stock valued at $5,559,996 in the last ninety days. 0.01% of the stock is owned by insiders.

About Cisco Systems

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.