Canandaigua National Trust Co of Florida purchased a new stake in Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 12,086 shares of the network equipment provider’s stock, valued at approximately $1,301,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. bought a new position in Cisco Systems during the 2nd quarter worth approximately $42,129,647,000. State Street Corp boosted its position 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 buying an additional 13,512,872 shares during the period. Invesco Ltd. boosted its position in Cisco Systems by 11.6% during the 4th quarter. Invesco Ltd. now owns 59,836,782 shares of the network equipment provider’s stock worth $4,609,227,000 after acquiring an additional 6,224,062 shares during the last quarter. Auto Owners Insurance Co grew its position in Cisco Systems by 8,718.3% in the fourth quarter. Auto Owners Insurance Co now owns 51,952,421 shares of the network equipment provider’s stock valued at $400,190,000 after purchasing an additional 51,363,281 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in shares of Cisco Systems in the 2nd quarter valued at about $5,892,379,000. Institutional investors own 73.33% of the company’s stock.
Trending Headlines about Cisco Systems
Here are the key news stories impacting Cisco Systems this week:
- Positive Sentiment: Cisco introduced new agentic collaboration capabilities for Webex, including Claude-powered managed agents that can analyze data, create content and execute tasks using enterprise context. The launch strengthens Cisco’s position in the enterprise AI and collaboration markets. Cisco Unveils New Agentic Collaboration Experiences
- Positive Sentiment: The company also unveiled collaboration technologies and RoomOS 27 updates designed to connect employees, digital teammates and physical workspaces, potentially supporting Webex adoption and recurring software revenue. Cisco Unveils Collaboration Technologies And RoomOS 27
- Positive Sentiment: Supermicro servers entering Cisco’s AI factory channel provide another avenue for Cisco to benefit from rising AI infrastructure demand, adding to recent optimism around AI networking. Cisco Stock Gains 2% as Supermicro Servers Enter Its AI Factory Channel
- Positive Sentiment: Quantum XChange became a Cisco networking marketplace partner, bringing FIPS-validated post-quantum cryptography to Cisco networks. The offering could improve Cisco’s security value proposition as customers prepare for quantum-related threats. Quantum XChange Joins the Cisco Networking App Marketplace
- Neutral Sentiment: Analysts and market coverage continue to focus on Cisco’s sovereign-AI opportunity and the broader expansion of hybrid IT management, but these themes are longer-term catalysts rather than immediate earnings drivers. How to Play CSCO Stock as Cisco Bets on Sovereign AI
- Negative Sentiment: A case for waiting on Cisco stock highlights the risk that its valuation already reflects much of the AI and networking optimism. Investors may want clearer evidence of sustained growth and execution before paying the current premium. What Is The Case For Waiting On Cisco Stock?
Insider Buying and Selling
Analyst Ratings Changes
A number of equities analysts recently weighed in on CSCO shares. Zacks Research upgraded shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Cisco Systems in a report on Wednesday, August 26th. Sanford C. Bernstein started coverage on Cisco Systems in a research note on Wednesday, September 30th. They set a “market perform” rating and a $110.00 price objective on the stock. Barclays upped their price target on shares of Cisco Systems from $121.00 to $123.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Finally, HSBC lowered Cisco Systems from a “buy” rating to a “hold” rating and reduced their price objective for the company from $137.00 to $120.00 in a research note on Friday, August 14th. 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 an average rating of “Moderate Buy” and an average target price of $128.52.
Get Our Latest Stock Report on Cisco Systems
Cisco Systems Stock Down 0.5%
CSCO stock traded down $0.55 during trading on Wednesday, reaching $117.39. 17,253,924 shares of the stock were exchanged, compared to its average volume of 22,548,891. Cisco Systems, Inc. has a twelve month low of $66.81 and a twelve month high of $130.37. The firm’s 50 day moving average is $112.01 and its 200 day moving average is $107.16. 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 $462.82 billion, a P/E ratio of 35.15, a price-to-earnings-growth ratio of 2.36 and a beta of 0.99.
Cisco Systems (NASDAQ:CSCO – Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 EPS for the quarter, topping the consensus estimate of $1.17 by $0.05. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%.The firm had revenue of $17.25 billion during the quarter, compared to the consensus estimate of $16.84 billion. During the same period in the prior year, the business posted $0.99 earnings per share. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. 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. As a group, research analysts forecast that Cisco Systems, Inc. will post 4.41 EPS for the current year.
Cisco Systems Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, October 2nd. Cisco Systems’s dividend payout ratio (DPR) is currently 50.30%.
Cisco Systems Company Profile
Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration, observability and data center solutions. Its products and services help businesses, governments, educational institutions and other organizations connect users and devices, manage infrastructure, protect digital environments and support cloud-based operations.
Cisco’s portfolio includes routers and switches, wireless networking equipment, network management software, firewalls, identity and access tools, endpoint security products, collaboration applications and observability platforms.
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