ANB Bank Reduces Stock Holdings in Cisco Systems, Inc. $CSCO

ANB Bank lowered its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 5.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,956 shares of the network equipment provider’s stock after selling 934 shares during the quarter. ANB Bank’s holdings in Cisco Systems were worth $1,176,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Connections Group Inc. raised its position in Cisco Systems by 89.4% in the second quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock worth $28,000 after acquiring an additional 193 shares during the period. Legacy Investment Solutions LLC purchased a new position in Cisco Systems during the second quarter valued at $28,000. Pandora Wealth Inc. bought a new stake in Cisco Systems during the first quarter valued at about $31,000. Nova Wealth Management Inc. purchased a new stake in Cisco Systems in the first quarter worth about $31,000. Finally, Brown Shipley& Co Ltd purchased a new position in shares of Cisco Systems during the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Buying and Selling

In other news, EVP Deborah L. Stahlkopf sold 2,718 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $68.08, for a total transaction of $185,041.44. Following the transaction, the executive vice president owned 157,184 shares of the company’s stock, valued at approximately $10,701,086.72. The trade was a 1.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Thimaya K. Subaiya sold 7,511 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $66.84, for a total value of $502,035.24. Following the completion of the sale, the executive vice president owned 161,467 shares of the company’s stock, valued at approximately $10,792,454.28. This represents a 4.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 33,089 shares of company stock worth $2,236,383 in the last 90 days. Company insiders own 0.01% of the company’s stock.

Cisco Systems Trading Up 0.8%

Shares of CSCO stock opened at $78.00 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $307.38 billion, a price-to-earnings ratio of 29.77, a price-to-earnings-growth ratio of 3.00 and a beta of 0.95. Cisco Systems, Inc. has a 12-month low of $52.11 and a 12-month high of $79.50. The stock’s 50-day moving average price is $69.87 and its 200-day moving average price is $67.49.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.02. The business had revenue of $14.88 billion for the quarter, compared to analysts’ expectations of $14.77 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $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. Equities research analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CSCO shares. UBS Group raised their target price on shares of Cisco Systems from $88.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday. Erste Group Bank upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating in a research report on Monday, November 10th. JPMorgan Chase & Co. increased their price target on Cisco Systems from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday. Hsbc Global Res downgraded Cisco Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Finally, Evercore ISI increased their target price on Cisco Systems from $74.00 to $80.00 and gave the stock an “in-line” rating in a research report on Thursday. Sixteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, Cisco Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.75.

Cisco Systems 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.