Perkins Coie Trust Co Sells 3,000 Shares of Cisco Systems, Inc. $CSCO

Perkins Coie Trust Co lowered its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 4.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 70,712 shares of the network equipment provider’s stock after selling 3,000 shares during the quarter. Perkins Coie Trust Co’s holdings in Cisco Systems were worth $4,906,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CSCO. Goldman Sachs Group Inc. lifted its holdings in Cisco Systems by 37.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider’s stock worth $2,898,722,000 after buying an additional 12,775,066 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Cisco Systems in the 1st quarter valued at $750,495,000. Pacer Advisors Inc. raised its position in shares of Cisco Systems by 1,144.2% during the first quarter. Pacer Advisors Inc. now owns 8,120,886 shares of the network equipment provider’s stock worth $501,140,000 after acquiring an additional 7,468,212 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Cisco Systems by 7,096.5% during the first quarter. GAMMA Investing LLC now owns 6,718,402 shares of the network equipment provider’s stock valued at $414,593,000 after acquiring an additional 6,625,045 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in Cisco Systems by 255.9% in the first quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider’s stock valued at $482,509,000 after acquiring an additional 5,622,672 shares during the last quarter. 73.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. KeyCorp assumed coverage on Cisco Systems in a report on Thursday, June 26th. They set an “overweight” rating and a $77.00 price objective for the company. Wells Fargo & Company increased their price objective on shares of Cisco Systems from $75.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a “hold” rating to a “buy” rating and raised their price objective for the company from $65.00 to $73.00 in a research note on Monday, June 16th. Wolfe Research began coverage on shares of Cisco Systems in a research report on Tuesday, July 8th. They set a “peer perform” rating for the company. Finally, JPMorgan Chase & Co. raised their price target on Cisco Systems from $73.00 to $78.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.53.

Insider Buying and Selling

In other news, EVP Thimaya K. Subaiya sold 7,511 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $66.84, for a total transaction of $502,035.24. Following the completion of the sale, the executive vice president owned 161,467 shares of the company’s stock, valued at $10,792,454.28. This represents a 4.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Charles Robbins sold 30,557 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the sale, the chief executive officer owned 639,000 shares in the company, valued at approximately $42,576,570. The trade was a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,439 shares of company stock valued at $4,369,104. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Trading Up 1.4%

CSCO opened at $68.68 on Friday. The firm’s fifty day moving average is $68.14 and its two-hundred day moving average is $64.10. The firm has a market cap of $271.51 billion, a PE ratio of 26.21, a price-to-earnings-growth ratio of 2.85 and a beta of 0.99. Cisco Systems, Inc. has a twelve month low of $51.15 and a twelve month high of $72.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. The business had revenue of $14.67 billion during the quarter, compared to analysts’ expectations of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 EPS. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Equities research analysts anticipate 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 will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be given a $0.41 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. Cisco Systems’s payout ratio is currently 62.60%.

Cisco Systems Profile

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.