Cullen Capital Management LLC Cuts Stake in Cisco Systems, Inc. $CSCO

Cullen Capital Management LLC lessened its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,035,596 shares of the network equipment provider’s stock after selling 145,174 shares during the period. Cisco Systems accounts for about 3.2% of Cullen Capital Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Cullen Capital Management LLC owned approximately 0.10% of Cisco Systems worth $279,990,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Capital A Wealth Management LLC boosted its stake in shares of Cisco Systems by 168.2% during the 2nd quarter. Capital A Wealth Management LLC now owns 716 shares of the network equipment provider’s stock worth $50,000 after acquiring an additional 449 shares in the last quarter. Beacon Financial Strategies CORP bought a new stake in Cisco Systems during the second quarter worth approximately $218,000. CacheTech Inc. acquired a new position in Cisco Systems during the second quarter valued at approximately $527,000. Adams Wealth Management bought a new position in shares of Cisco Systems in the second quarter valued at approximately $527,000. Finally, Caldwell Trust Co acquired a new stake in shares of Cisco Systems in the second quarter worth $5,127,000. 73.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CSCO has been the topic of a number of research analyst reports. Citic Securities raised their target price on shares of Cisco Systems from $75.00 to $90.00 in a research note on Monday, November 17th. JPMorgan Chase & Co. raised their price target on Cisco Systems from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. BNP Paribas Exane lifted their price objective on Cisco Systems from $76.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, November 13th. UBS Group increased their target price on Cisco Systems from $88.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Finally, Morgan Stanley lifted their price target on Cisco Systems from $77.00 to $82.00 and gave the stock an “overweight” rating in a research report on Thursday, November 13th. Seventeen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.14.

Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Oliver Tuszik sold 17,526 shares of the firm’s stock in a transaction dated Friday, September 19th. The shares were 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 owned 198,855 shares in the company, valued at $13,512,197.25. This trade represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Charles Robbins sold 281,860 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $78.35, for a total value of $22,083,731.00. Following the completion of the sale, the chief executive officer owned 820,887 shares in the company, valued at approximately $64,316,496.45. This represents a 25.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,021,910 shares of company stock valued at $79,463,804. Corporate insiders own 0.01% of the company’s stock.

Cisco Systems Stock Up 0.6%

NASDAQ CSCO opened at $78.25 on Tuesday. The stock has a market cap of $309.17 billion, a PE ratio of 29.42, a PEG ratio of 2.94 and a beta of 0.87. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.83 and a current ratio of 0.93. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $80.82. The firm has a 50-day simple moving average of $73.95 and a 200 day simple moving average of $69.88.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. Cisco Systems had a return on equity of 27.29% and a net margin of 18.38%.The business had revenue of $14.88 billion during the quarter, compared to analyst estimates of $14.77 billion. During the same period in the prior year, the company posted $0.91 earnings per share. Cisco Systems’s 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. On average, research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be paid a $0.41 dividend. 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 2.1%. Cisco Systems’s payout ratio is presently 61.65%.

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.