Confluence Investment Management LLC Sells 31,319 Shares of Cisco Systems, Inc. $CSCO

Confluence Investment Management LLC cut its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,707,626 shares of the network equipment provider’s stock after selling 31,319 shares during the quarter. Cisco Systems accounts for 1.7% of Confluence Investment Management LLC’s investment portfolio, making the stock its 22nd largest holding. Confluence Investment Management LLC’s holdings in Cisco Systems were worth $116,836,000 as of its most recent SEC filing.

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

Cisco Systems Stock Down 0.4%

CSCO opened at $78.11 on Tuesday. Cisco Systems, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $80.82. The firm has a market capitalization of $308.62 billion, a P/E ratio of 29.36, a PEG ratio of 2.97 and a beta of 0.87. The company’s 50-day moving average is $74.80 and its 200 day moving average is $70.35. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.93 and a quick ratio of 0.83.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, November 12th. The network equipment provider reported $1.00 EPS for the quarter, beating the consensus estimate of $0.98 by $0.02. Cisco Systems had a net margin of 18.38% and a return on equity of 27.29%. The firm had revenue of $14.88 billion during the quarter, compared to analyst estimates of $14.77 billion. During the same quarter last year, the business posted $0.91 EPS. The company’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. Research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, January 2nd. Cisco Systems’s dividend payout ratio is 61.65%.

Analyst Ratings Changes

Several research analysts have issued reports on CSCO shares. UBS Group increased their price target on Cisco Systems from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Evercore ISI upped their target price on Cisco Systems from $74.00 to $80.00 and gave the stock an “in-line” rating in a research report on Thursday, November 13th. Citic Securities lifted their price target on shares of Cisco Systems from $75.00 to $90.00 in a research report on Monday, November 17th. Citigroup upped their price objective on shares of Cisco Systems from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, Morgan Stanley raised their price objective on shares of Cisco Systems from $82.00 to $91.00 and gave the company an “overweight” rating in a research note on Wednesday, December 17th. Seventeen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Cisco Systems has a consensus rating of “Moderate Buy” and a consensus target price of $84.55.

Insider Activity

In related news, SVP Maria Victoria Wong sold 428 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $80.33, for a total transaction of $34,381.24. Following the completion of the transaction, the senior vice president owned 32,176 shares in the company, valued at approximately $2,584,698.08. This represents a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael D. Capellas sold 10,850 shares of Cisco Systems stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $77.13, for a total transaction of $836,860.50. Following the completion of the sale, the director directly owned 146,368 shares in the company, valued at approximately $11,289,363.84. This represents a 6.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 1,044,865 shares of company stock worth $81,397,635. 0.01% of the stock is owned by insiders.

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.