Redmond Asset Management LLC trimmed its stake in Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 13.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 38,030 shares of the network equipment provider’s stock after selling 6,135 shares during the period. Cisco Systems makes up 1.2% of Redmond Asset Management LLC’s portfolio, making the stock its 19th largest holding. Redmond Asset Management LLC’s holdings in Cisco Systems were worth $4,093,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of CSCO. Motley Fool Asset Management LLC bought a new stake in Cisco Systems during the 3rd quarter worth approximately $29,490,000. Pinnacle Wealth Planning Services Inc. lifted its holdings in Cisco Systems by 1.8% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 39,559 shares of the network equipment provider’s stock valued at $4,258,000 after purchasing an additional 702 shares in the last quarter. True Link Financial Advisors LLC lifted its holdings in Cisco Systems by 6.2% during the third quarter. True Link Financial Advisors LLC now owns 2,735 shares of the network equipment provider’s stock valued at $294,000 after purchasing an additional 160 shares in the last quarter. North Dakota State Investment Board boosted its position in shares of Cisco Systems by 3.9% in the third quarter. North Dakota State Investment Board now owns 124,523 shares of the network equipment provider’s stock worth $13,402,000 after purchasing an additional 4,664 shares during the period. Finally, North Star Investment Management Corp. boosted its position in shares of Cisco Systems by 0.5% in the third quarter. North Star Investment Management Corp. now owns 89,463 shares of the network equipment provider’s stock worth $9,629,000 after purchasing an additional 419 shares during the period. 73.33% of the stock is owned by institutional investors.
Insider Activity
In related news, insider Jeetendra Patel sold 7,170 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $111.57, for a total transaction of $799,956.90. Following the completion of the transaction, the insider directly owned 230,593 shares of the company’s stock, valued at approximately $25,727,261.01. This trade represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thimaya Subaiya sold 5,832 shares of Cisco Systems stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $111.47, for a total transaction of $650,093.04. Following the completion of the sale, the executive vice president owned 128,382 shares in the company, valued at approximately $14,310,741.54. This represents a 4.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 44,869 shares of company stock valued at $5,005,620 in the last quarter. Company insiders own 0.01% of the company’s stock.
Cisco Systems Stock Down 1.0%
NASDAQ CSCO opened at $110.29 on Thursday. Cisco Systems, Inc. has a 12 month low of $70.54 and a 12 month 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 stock has a market cap of $434.83 billion, a PE ratio of 33.02, a P/E/G ratio of 2.22 and a beta of 0.99. The stock’s 50 day moving average is $110.14 and its 200 day moving average is $100.68.
Cisco Systems (NASDAQ:CSCO – Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The business had revenue of $17.25 billion during the quarter, compared to analyst estimates of $16.84 billion. During the same period last year, the firm posted $0.99 EPS. The company’s revenue was up 17.6% on a year-over-year basis. 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. Research analysts predict that Cisco Systems, Inc. will post 4.42 EPS for the current fiscal year.
Cisco Systems Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 21st. Investors of record on Friday, October 2nd were given a dividend of $0.42 per share. The ex-dividend date was Friday, October 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.5%. Cisco Systems’s dividend payout ratio is currently 50.30%.
Key Stories Impacting Cisco Systems
Here are the key news stories impacting Cisco Systems this week:
- Positive Sentiment: Cisco is emphasizing AI security and “quantum-safe” technology as enterprises build out AI infrastructure. The strategy could create additional demand for Cisco’s networking, cybersecurity and observability products. What Is Cisco Signaling With Its AI Security And Quantum Safe Push?
- Positive Sentiment: Cisco President and Chief Product Officer Jeetu Patel said AI-agent safety will be a major technology issue, highlighting security risks that could increase demand for Cisco’s security and infrastructure solutions. AI Agent Safety Will Be the Issue of Our Time
- Positive Sentiment: Cisco open-sourced Project Quarry, a tool designed to detect rogue AI agents. The initiative could strengthen Cisco’s credibility in securing enterprise AI deployments and support future software and security opportunities. Cisco Open Sources Project Quarry to Detect Rogue AI Agents
- Positive Sentiment: Analyst consensus price targets reportedly moved higher, while Cisco’s partner awards and channel activity point to continued customer and reseller engagement. Cisco Systems Consensus Price Target Rises
- Neutral Sentiment: NTT DATA’s global AI Factory expansion may broaden demand for secure networking and AI infrastructure, although the announcement does not identify a specific Cisco contract or near-term revenue contribution. NTT DATA Expands AI Factory Footprint
- Negative Sentiment: Exchange-traded funds were net sellers of Cisco, creating near-term technical pressure independent of the company’s operating outlook. ETFs Are Net Sellers of Cisco
- Negative Sentiment: Investors are questioning whether Cisco’s strong multi-year advance and AI-related optimism are fully supported by future cash flow. A relatively elevated valuation leaves less room for execution disappointments. Can Cisco Stay Cheap as AI Cash Flow Builds?
Analyst Ratings Changes
A number of analysts have recently issued reports on CSCO shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Cisco Systems in a research note on Tuesday, September 1st. They issued a “buy” rating and a $135.00 price objective for the company. KeyCorp lifted their target price on shares of Cisco Systems from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Truist Financial upped their target price on shares of Cisco Systems from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Sanford C. Bernstein began coverage on shares of Cisco Systems in a report on Wednesday, September 30th. They issued a “market perform” rating and a $110.00 target price for the company. Finally, Freedom Capital upgraded Cisco Systems from a “hold” rating to a “strong-buy” rating in a research note on Sunday, August 16th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.52.
Get Our Latest Analysis on Cisco Systems
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.
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