Cisco Systems, Inc. $CSCO Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. decreased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 18.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 255,477 shares of the network equipment provider’s stock after selling 59,116 shares during the quarter. Federated Hermes Inc.’s holdings in Cisco Systems were worth $17,480,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CSCO. Avantax Advisory Services Inc. increased its position in Cisco Systems by 1.1% in the 2nd quarter. Avantax Advisory Services Inc. now owns 420,336 shares of the network equipment provider’s stock worth $29,163,000 after buying an additional 4,525 shares during the period. Greystone Financial Group LLC acquired a new stake in shares of Cisco Systems during the 3rd quarter valued at about $8,563,000. Drive Wealth Management LLC boosted its stake in Cisco Systems by 2.7% in the 2nd quarter. Drive Wealth Management LLC now owns 16,605 shares of the network equipment provider’s stock valued at $1,152,000 after buying an additional 436 shares in the last quarter. CX Institutional lifted its holdings in Cisco Systems by 11.0% during the 3rd quarter. CX Institutional now owns 144,336 shares of the network equipment provider’s stock valued at $9,875,000 after purchasing an additional 14,334 shares during the last quarter. Finally, Shell Asset Management Co. grew its position in Cisco Systems by 53.3% during the 2nd quarter. Shell Asset Management Co. now owns 77,234 shares of the network equipment provider’s stock worth $5,358,000 after acquiring an additional 26,840 shares during the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Cisco Systems Stock Down 0.1%

Cisco Systems stock opened at $78.32 on Friday. The stock has a market cap of $309.45 billion, a P/E ratio of 29.44, a P/E/G ratio of 2.97 and a beta of 0.87. The company’s 50-day moving average price is $76.75 and its two-hundred day moving average price is $72.12. The company has a quick ratio of 0.83, a current ratio of 0.93 and a debt-to-equity ratio of 0.46. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $80.82.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data 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 firm had revenue of $14.88 billion for the quarter, compared to analyst estimates of $14.77 billion. Cisco Systems had a return on equity of 27.29% and a net margin of 18.38%.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 posted $0.91 EPS. 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 expect that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

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

Insiders Place Their Bets

In related news, Director Michael D. Capellas sold 16,150 shares of the company’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $77.28, for a total transaction of $1,248,072.00. Following the completion of the sale, the director owned 157,218 shares of the company’s stock, valued at $12,149,807.04. This represents a 9.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeetendra I. Patel sold 163,896 shares of Cisco Systems stock in a transaction that occurred on 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 in the company, valued at $21,887,068.88. This trade represents a 36.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,044,865 shares of company stock valued at $81,397,635 over the last 90 days. 0.01% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CSCO shares. Bank of America raised their price objective on shares of Cisco Systems from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Weiss Ratings restated a “buy (b)” rating on shares of Cisco Systems in a report on Tuesday. BNP Paribas Exane boosted their price target on shares of Cisco Systems from $76.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, November 13th. Erste Group Bank upgraded Cisco Systems from a “hold” rating to a “buy” rating in a research report on Monday, November 10th. Finally, KeyCorp upped their target price on shares of Cisco Systems from $77.00 to $87.00 and gave the stock an “overweight” rating in a research note on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cisco Systems has an average rating of “Moderate Buy” and a consensus price target of $86.81.

Cisco Systems 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.