Cisco Systems, Inc. $CSCO Shares Sold by Murphy Pohlad Asset Management LLC

Murphy Pohlad Asset Management LLC reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 15.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 48,984 shares of the network equipment provider’s stock after selling 9,245 shares during the period. Cisco Systems accounts for approximately 1.7% of Murphy Pohlad Asset Management LLC’s holdings, making the stock its 14th biggest holding. Murphy Pohlad Asset Management LLC’s holdings in Cisco Systems were worth $5,272,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Cisco Systems in the second quarter worth $42,129,647,000. State Street Corp raised its holdings in shares of Cisco Systems by 7.0% during the second quarter. State Street Corp now owns 207,106,569 shares of the network equipment provider’s stock worth $25,278,492,000 after purchasing an additional 13,512,872 shares during the period. Bank of America Corp DE bought a new position in shares of Cisco Systems in the 2nd quarter worth about $5,892,379,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Cisco Systems by 2.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 43,450,141 shares of the network equipment provider’s stock valued at $5,103,654,000 after buying an additional 1,143,106 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Cisco Systems in the 2nd quarter valued at about $4,714,574,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CSCO. Piper Sandler cut their target price on shares of Cisco Systems from $132.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, September 22nd. KeyCorp increased their price target on Cisco Systems from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Wall Street Zen raised Cisco Systems from a “hold” rating to a “buy” rating in a report on Sunday, October 11th. Wells Fargo & Company boosted their price objective on Cisco Systems from $130.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Finally, Truist Financial upped their price objective on Cisco Systems from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $128.52.

Cisco Systems Stock Performance

Cisco Systems stock traded up $1.61 during midday trading on Friday, reaching $106.50. 13,560,043 shares of the stock traded hands, compared to its average volume of 15,748,618. Cisco Systems, Inc. has a fifty-two week low of $70.06 and a fifty-two week high of $130.37. The company has a current ratio of 0.93, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39. The firm has a market cap of $419.89 billion, a price-to-earnings ratio of 31.89, a PEG ratio of 2.18 and a beta of 0.99. The firm has a fifty day moving average price of $110.18 and a two-hundred day moving average price of $109.86.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 EPS for the quarter, beating the consensus estimate of $1.17 by $0.05. The company had revenue of $17.25 billion for the quarter, compared to analyst estimates of $16.84 billion. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. Cisco Systems’s revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.99 earnings per share. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. On average, equities research analysts forecast that Cisco Systems, Inc. will post 4.42 earnings per share for the current year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 21st. Investors of record on Friday, October 2nd were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, October 2nd. Cisco Systems’s dividend payout ratio (DPR) is currently 50.30%.

Insider Activity

In other Cisco Systems news, CEO Charles Robbins sold 21,628 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $111.54, for a total transaction of $2,412,387.12. Following the completion of the transaction, the chief executive officer owned 602,710 shares in the company, valued at approximately $67,226,273.40. The trade was a 3.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deborah Stahlkopf sold 6,487 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $111.53, for a total value of $723,495.11. Following the completion of the transaction, the executive vice president directly owned 167,116 shares of the company’s stock, valued at approximately $18,638,447.48. The trade was a 3.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 44,869 shares of company stock worth $5,005,620 over the last ninety days. 0.01% of the stock is currently owned by company insiders.

About Cisco Systems

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration and observability solutions for businesses, government organizations and service providers. Its offerings include routers, switches, wireless networking equipment, data-center infrastructure, security software and services, as well as technologies that support cloud and hybrid IT environments.

The company also provides collaboration tools through its Webex portfolio, cloud-managed networking through Cisco Meraki and security and observability capabilities that include technologies from Splunk, which Cisco acquired in 2024.