American Century Companies Inc. Sells 378,366 Shares of Cisco Systems, Inc. $CSCO

American Century Companies Inc. reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 5.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,082,195 shares of the network equipment provider’s stock after selling 378,366 shares during the period. American Century Companies Inc. owned 0.15% of Cisco Systems worth $421,983,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in Cisco Systems in the 2nd quarter valued at $28,000. Financial Connections Group Inc. raised its position in shares of 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 buying an additional 193 shares in the last quarter. Brown Shipley& Co Ltd purchased a new stake in shares of Cisco Systems in the second quarter worth $32,000. Pandora Wealth Inc. bought a new stake in Cisco Systems during the first quarter valued at $31,000. Finally, Nova Wealth Management Inc. purchased a new position in Cisco Systems during the first quarter worth about $31,000. 73.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CSCO. Melius Research lifted their price objective on Cisco Systems from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Bank of America lifted their target price on shares of Cisco Systems from $85.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. William Blair raised shares of Cisco Systems to a “hold” rating in a report on Thursday, August 14th. JPMorgan Chase & Co. boosted their price objective 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. Finally, BNP Paribas Exane increased their target price on shares of Cisco Systems from $76.00 to $86.00 and gave the stock an “outperform” rating in a report on Thursday, November 13th. Seventeen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Cisco Systems has an average rating of “Moderate Buy” and an average price target of $84.14.

Cisco Systems Stock Performance

Shares of CSCO opened at $76.10 on Friday. The company has a market cap of $300.68 billion, a price-to-earnings ratio of 29.05, a P/E/G ratio of 3.00 and a beta of 0.95. The business’s fifty day simple moving average is $70.84 and its two-hundred day simple moving average is $68.13. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $80.06. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.02. The firm 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 was up 7.5% compared to the same quarter last year. 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. Research analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

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

Insider Transactions at Cisco Systems

In related news, insider Jeetendra I. Patel sold 163,896 shares of Cisco Systems stock in a transaction dated 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 directly owned 281,108 shares of the company’s stock, valued at approximately $21,887,068.88. The trade was a 36.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thimaya K. Subaiya sold 56,038 shares of the stock in a transaction that occurred on Wednesday, November 19th. The stock was 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 owned 179,780 shares in the company, valued at approximately $14,082,167.40. The trade was a 23.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,017,988 shares of company stock valued at $79,085,621 in the last 90 days. Company insiders own 0.01% of the company’s stock.

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.