Cullen Capital Management LLC Decreases Position in Cisco Systems, Inc. $CSCO

Cullen Capital Management LLC decreased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,035,596 shares of the network equipment provider’s stock after selling 145,174 shares during the period. Cisco Systems comprises 3.2% of Cullen Capital Management LLC’s portfolio, making the stock its 2nd biggest position. Cullen Capital Management LLC’s holdings in Cisco Systems were worth $279,990,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bare Financial Services Inc boosted its stake in Cisco Systems by 531.0% in the second quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider’s stock worth $25,000 after purchasing an additional 308 shares in the last quarter. Financial Connections Group Inc. raised its holdings in shares of Cisco Systems by 89.4% in the second quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock valued at $28,000 after buying an additional 193 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in Cisco Systems during the 2nd quarter worth about $28,000. Nova Wealth Management Inc. acquired a new stake in Cisco Systems in the 1st quarter valued at about $31,000. Finally, Brown Shipley& Co Ltd bought a new position in shares of Cisco Systems in the second quarter worth about $32,000. 73.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on CSCO. JPMorgan Chase & Co. increased their price target 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. HSBC upped their price objective on Cisco Systems from $69.00 to $74.00 and gave the stock a “hold” rating in a report on Friday, November 14th. Melius Research boosted their target price on Cisco Systems from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Wells Fargo & Company upped their price target on Cisco Systems from $83.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. Finally, KeyCorp upped their target price on shares of Cisco Systems from $77.00 to $87.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. Seventeen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.14.

Cisco Systems Trading Up 0.6%

CSCO opened at $78.25 on Tuesday. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $80.82. The firm has a market cap of $309.17 billion, a PE ratio of 29.42, a price-to-earnings-growth ratio of 2.94 and a beta of 0.87. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.83 and a current ratio of 0.93. The firm’s fifty day moving average is $73.95 and its two-hundred day moving average is $69.88.

Cisco Systems (NASDAQ:CSCO) last released 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. Cisco Systems had a net margin of 18.38% and a return on equity of 27.29%. The business had revenue of $14.88 billion during the quarter, compared to analysts’ expectations of $14.77 billion. During the same quarter in the prior year, the company earned $0.91 EPS. The firm’s quarterly revenue 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. Equities research analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

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

Insider Transactions at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 164,584 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $77.85, for a total value of $12,812,864.40. Following the completion of the transaction, the executive vice president owned 196,738 shares in the company, valued at $15,316,053.30. This represents a 45.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Robbins sold 281,860 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $78.35, for a total transaction of $22,083,731.00. Following the sale, the chief executive officer owned 820,887 shares in the company, valued at approximately $64,316,496.45. The trade was a 25.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,021,910 shares of company stock valued at $79,463,804. 0.01% of the stock is currently owned by insiders.

About Cisco Systems

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.