Community Financial Services Group LLC Lowers Stock Holdings in Cisco Systems, Inc. $CSCO

Community Financial Services Group LLC reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 15.6% in the 2nd quarter, Holdings Channel reports. The fund owned 31,742 shares of the network equipment provider’s stock after selling 5,876 shares during the period. Community Financial Services Group LLC’s holdings in Cisco Systems were worth $2,202,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CSCO. Pandora Wealth Inc. acquired a new position in shares of Cisco Systems in the 1st quarter valued at $31,000. Nova Wealth Management Inc. acquired a new position in shares of Cisco Systems in the 1st quarter valued at $31,000. Brown Shipley& Co Ltd acquired a new position in shares of Cisco Systems in the 2nd quarter valued at $32,000. Fairway Wealth LLC boosted its holdings in shares of Cisco Systems by 224.7% in the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider’s stock valued at $36,000 after purchasing an additional 400 shares during the last quarter. Finally, Accent Capital Management LLC acquired a new position in shares of Cisco Systems in the 1st quarter valued at $36,000. 73.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CSCO shares. Wells Fargo & Company lifted their price target 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. William Blair upgraded shares of Cisco Systems to a “hold” rating in a report on Thursday, August 14th. UBS Group lifted their target price on shares of Cisco Systems from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. Morgan Stanley lifted their target price on shares of Cisco Systems from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, July 18th. Finally, HSBC restated a “hold” rating and set a $69.00 target price on shares of Cisco Systems in a report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $74.53.

Insider Buying and Selling

In other news, EVP Deborah L. Stahlkopf sold 2,718 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $68.08, for a total value of $185,041.44. Following the completion of the sale, the executive vice president owned 157,184 shares of the company’s stock, valued at approximately $10,701,086.72. The trade was a 1.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Maria Victoria Wong sold 428 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $68.25, for a total transaction of $29,211.00. Following the completion of the sale, the senior vice president directly owned 30,619 shares of the company’s stock, valued at $2,089,746.75. The trade was a 1.38% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,965 shares of company stock worth $5,559,996. 0.01% of the stock is currently owned by insiders.

Cisco Systems Stock Performance

Shares of CSCO stock opened at $68.75 on Thursday. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $72.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The firm has a market capitalization of $271.78 billion, a P/E ratio of 26.24, a P/E/G ratio of 2.88 and a beta of 0.97. The company’s fifty day moving average price is $68.12 and its two-hundred day moving average price is $64.46.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The firm had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. During the same quarter in the previous year, the business posted $0.87 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. On average, research analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be issued a $0.41 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a 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.