Keybank National Association OH Sells 37,181 Shares of Cisco Systems, Inc. $CSCO

Keybank National Association OH lowered its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,706,483 shares of the network equipment provider’s stock after selling 37,181 shares during the quarter. Keybank National Association OH’s holdings in Cisco Systems were worth $116,758,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CSCO. Werba Rubin Papier Wealth Management grew its position in shares of Cisco Systems by 5.6% during the 3rd quarter. Werba Rubin Papier Wealth Management now owns 8,770 shares of the network equipment provider’s stock worth $600,000 after buying an additional 468 shares in the last quarter. Howard Capital Management Inc. raised its holdings in shares of Cisco Systems by 11.9% in the third quarter. Howard Capital Management Inc. now owns 132,683 shares of the network equipment provider’s stock valued at $9,078,000 after acquiring an additional 14,147 shares in the last quarter. Berman McAleer LLC purchased a new stake in Cisco Systems in the third quarter worth about $835,000. National Pension Service grew its holdings in Cisco Systems by 3.0% during the 3rd quarter. National Pension Service now owns 9,323,224 shares of the network equipment provider’s stock worth $637,895,000 after acquiring an additional 273,795 shares in the last quarter. Finally, Searle & CO. grew its holdings in Cisco Systems by 14.9% during the 3rd quarter. Searle & CO. now owns 65,423 shares of the network equipment provider’s stock worth $4,476,000 after acquiring an additional 8,463 shares in the last quarter. 73.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cisco Systems in a research report on Tuesday. Morgan Stanley boosted their price objective on shares of Cisco Systems from $82.00 to $91.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 17th. JPMorgan Chase & Co. increased their target price on Cisco Systems from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. Wall Street Zen downgraded Cisco Systems from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, Barclays upped their price objective on Cisco Systems from $71.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Cisco Systems presently has a consensus rating of “Moderate Buy” and an average price target of $86.81.

Cisco Systems Price Performance

Shares of Cisco Systems stock opened at $78.32 on Friday. The stock has a market capitalization of $309.45 billion, a P/E ratio of 29.44, a PEG ratio of 2.97 and a beta of 0.87. The business has a 50 day simple moving average of $76.75 and a two-hundred day simple moving average of $72.08. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $80.82. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.93 and a quick ratio of 0.83.

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. The business had revenue of $14.88 billion during the quarter, compared to analysts’ expectations of $14.77 billion. Cisco Systems had a net margin of 18.38% and a return on equity of 27.29%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business 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. As a group, analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Investors of record on Friday, January 2nd were issued a $0.41 dividend. The ex-dividend date was Friday, January 2nd. This represents a $1.64 dividend on an annualized basis and a yield of 2.1%. Cisco Systems’s dividend payout ratio is currently 61.65%.

Insider Buying and Selling

In other Cisco Systems news, CEO Charles Robbins sold 281,860 shares of Cisco Systems stock in a transaction on Monday, November 17th. The stock was sold at an average price of $78.35, for a total value of $22,083,731.00. Following the sale, the chief executive officer owned 820,887 shares in the company, valued at $64,316,496.45. The trade was a 25.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Deborah L. Stahlkopf sold 164,584 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $77.85, for a total transaction of $12,812,864.40. Following the completion of the sale, the executive vice president owned 196,738 shares in the company, valued at approximately $15,316,053.30. This trade represents a 45.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,044,865 shares of company stock valued at $81,397,635 in the last ninety days. Company insiders own 0.01% of the company’s stock.

About Cisco Systems

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.