ProShare Advisors LLC Trims Position in Cisco Systems, Inc. $CSCO

ProShare Advisors LLC reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 17.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,333,066 shares of the network equipment provider’s stock after selling 1,128,468 shares during the period. Cisco Systems comprises approximately 0.8% of ProShare Advisors LLC’s holdings, making the stock its 16th biggest holding. ProShare Advisors LLC owned 0.14% of Cisco Systems worth $364,888,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Avantax Advisory Services Inc. increased its position in shares of Cisco Systems by 1.1% in the second quarter. Avantax Advisory Services Inc. now owns 420,336 shares of the network equipment provider’s stock worth $29,163,000 after acquiring an additional 4,525 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Cisco Systems by 6.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,189,645 shares of the network equipment provider’s stock valued at $218,236,000 after acquiring an additional 205,043 shares in the last quarter. Greystone Financial Group LLC purchased a new stake in Cisco Systems during the 3rd quarter worth $8,563,000. Jones Financial Companies Lllp increased its holdings in Cisco Systems by 8.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 686,469 shares of the network equipment provider’s stock valued at $46,165,000 after purchasing an additional 56,057 shares in the last quarter. Finally, Drive Wealth Management LLC raised its position in Cisco Systems by 2.7% in the second quarter. Drive Wealth Management LLC now owns 16,605 shares of the network equipment provider’s stock valued at $1,152,000 after purchasing an additional 436 shares during the period. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Cisco Systems news, CEO Charles Robbins sold 116,734 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $77.30, for a total value of $9,023,538.20. Following the transaction, the chief executive officer owned 704,153 shares of the company’s stock, valued at $54,431,026.90. This trade represents a 14.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael D. Capellas sold 10,850 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $77.13, for a total value of $836,860.50. Following the transaction, the director directly owned 146,368 shares of the company’s stock, valued at $11,289,363.84. This trade represents a 6.90% 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 quarter. Corporate insiders own 0.01% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. CICC Research boosted their price target on Cisco Systems from $78.00 to $84.00 and gave the stock an “outperform” rating in a research report on Friday, November 14th. JPMorgan Chase & Co. upped their target price on shares of Cisco Systems from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. Wall Street Zen lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Rosenblatt Securities boosted their price objective on shares of Cisco Systems from $87.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, UBS Group upped their price objective on shares of Cisco Systems from $88.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Cisco Systems presently has an average rating of “Moderate Buy” and a consensus target price of $94.23.

Cisco Systems Price Performance

Shares of CSCO opened at $84.78 on Monday. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week high of $85.00. The company has a current ratio of 0.93, a quick ratio of 0.83 and a debt-to-equity ratio of 0.46. The firm has a market cap of $334.97 billion, a price-to-earnings ratio of 31.87, a PEG ratio of 3.21 and a beta of 0.87. The stock has a 50 day moving average of $77.35 and a 200-day moving average of $72.65.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.02. Cisco Systems had a return on equity of 27.29% and a net margin of 18.38%.The firm had revenue of $14.88 billion for the quarter, compared to analysts’ expectations of $14.77 billion. During the same period last year, the business posted $0.91 earnings per share. The firm’s revenue for the quarter 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. As a group, analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current 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 given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, January 2nd. Cisco Systems’s dividend payout ratio is currently 61.65%.

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.