Confluence Investment Management LLC Sells 31,319 Shares of Cisco Systems, Inc. $CSCO

Confluence Investment Management LLC reduced its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,707,626 shares of the network equipment provider’s stock after selling 31,319 shares during the period. Cisco Systems makes up approximately 1.7% of Confluence Investment Management LLC’s investment portfolio, making the stock its 22nd biggest position. Confluence Investment Management LLC’s holdings in Cisco Systems were worth $116,836,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Bare Financial Services Inc lifted its position in shares of Cisco Systems by 531.0% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider’s stock worth $25,000 after buying an additional 308 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in Cisco Systems in the second quarter valued at about $28,000. Financial Connections Group Inc. raised its stake in Cisco Systems by 89.4% during 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 in the last quarter. Nova Wealth Management Inc. bought a new position in shares of Cisco Systems in the first quarter worth about $31,000. Finally, Brown Shipley& Co Ltd bought a new position in shares of Cisco Systems in the second quarter worth about $32,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

Analyst Upgrades and Downgrades

CSCO has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price objective on shares of Cisco Systems from $83.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, November 13th. Melius Research upped their price target on shares of Cisco Systems from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Morgan Stanley increased their price target on Cisco Systems from $82.00 to $91.00 and gave the company an “overweight” rating in a research note on Wednesday, December 17th. Argus boosted their price objective on Cisco Systems from $80.00 to $100.00 in a research report on Thursday, November 13th. Finally, Wall Street Zen downgraded Cisco Systems from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Seventeen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Cisco Systems currently has an average rating of “Moderate Buy” and an average price target of $84.55.

Cisco Systems Stock Down 0.4%

Shares of CSCO opened at $78.11 on Tuesday. The stock’s 50-day moving average price is $74.80 and its two-hundred day moving average price is $70.35. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $80.82. The company has a market capitalization of $308.62 billion, a PE ratio of 29.36, a PEG ratio of 2.97 and a beta of 0.87. The company has a current ratio of 0.93, a quick ratio of 0.83 and a debt-to-equity ratio of 0.46.

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 analysts’ consensus estimates of $0.98 by $0.02. The company had revenue of $14.88 billion during the quarter, compared to the consensus estimate of $14.77 billion. Cisco Systems had a return on equity of 27.29% and a net margin of 18.38%.The firm’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company earned $0.91 earnings per share. 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, analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Friday, January 2nd will be given a $0.41 dividend. The ex-dividend date is Friday, January 2nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.1%. Cisco Systems’s payout ratio is 61.65%.

Insider Buying and Selling

In other news, EVP Thimaya K. Subaiya sold 1,745 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $79.46, for a total transaction of $138,657.70. Following the completion of the sale, the executive vice president directly owned 176,319 shares in the company, valued at $14,010,307.74. This represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Maria Victoria Wong sold 428 shares of Cisco Systems stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $80.33, for a total transaction of $34,381.24. Following the transaction, the senior vice president directly owned 32,176 shares of the company’s stock, valued at $2,584,698.08. This represents a 1.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,044,865 shares of company stock worth $81,397,635. Corporate insiders own 0.01% of the company’s stock.

Cisco Systems Company Profile

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.