Kestra Investment Management LLC lowered its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 27.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,600 shares of the network equipment provider’s stock after selling 14,308 shares during the quarter. Kestra Investment Management LLC’s holdings in Cisco Systems were worth $4,047,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of CSCO. Halbert Hargrove Global Advisors LLC lifted its position in shares of Cisco Systems by 142.5% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 257 shares of the network equipment provider’s stock worth $28,000 after purchasing an additional 151 shares during the last quarter. Kings Path Partners LLC purchased a new stake in shares of Cisco Systems during the third quarter valued at $31,000. Blueline Advisors LLC purchased a new stake in shares of Cisco Systems during the third quarter valued at $32,000. GK Wealth Management LLC purchased a new stake in shares of Cisco Systems during the third quarter valued at $37,000. Finally, Manning & Napier Advisors LLC grew its holdings in shares of Cisco Systems by 137.0% in the first quarter. Manning & Napier Advisors LLC now owns 346 shares of the network equipment provider’s stock worth $27,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.
Key Cisco Systems News
Here are the key news stories impacting Cisco Systems this week:
- Positive Sentiment: Cisco is expanding its AI-security tools: AI Defense will use Anthropic’s Claude Mythos for adversarial testing of AI applications and agents, alongside new Splunk Agent Observability and Cisco IQ capabilities. The launch could strengthen Cisco’s position as businesses seek ways to secure and monitor AI agents. Cisco AI security announcement
- Positive Sentiment: One analysis suggests Cisco shares could be undervalued by about 15%, offering a potential valuation argument for investors. Cisco valuation analysis
- Neutral Sentiment: The November 12 earnings report is the main near-term catalyst. Investors will look for evidence that AI infrastructure demand supports Cisco’s growth and its stated $7.5 billion AI target; options trading points to expectations of a potentially large post-earnings move. Cisco earnings and options outlook
- Negative Sentiment: Risk appetite remains a headwind: reports cite a roughly 20% decline in CSCO and a $145 billion loss in market value from its peak, while ETFs were net sellers of $64.1 million in shares on November 5. ETF flows for Cisco
- Negative Sentiment: A Morgan Stanley analyst reportedly moved Cisco to Equal-weight, adding to caution ahead of results. Investors may also be wary if earnings fail to reassure the market about AI-related demand. Cisco earnings expectations and AI concerns
Cisco Systems Price Performance
Shares of NASDAQ CSCO opened at $98.65 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.79 and a current ratio of 0.93. The company has a market cap of $388.94 billion, a PE ratio of 29.54, a P/E/G ratio of 2.16 and a beta of 1.01. The business has a 50-day simple moving average of $108.59 and a two-hundred day simple moving average of $101.75. Cisco Systems, Inc. has a fifty-two week low of $71.10 and a fifty-two week high of $130.37.
Cisco Systems (NASDAQ:CSCO – Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.05. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The firm had revenue of $17.25 billion for the quarter, compared to the consensus estimate of $16.84 billion. During the same quarter in the prior year, the company posted $0.99 earnings per share. The company’s revenue for the quarter 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, equities analysts expect that Cisco Systems, Inc. will post 4.42 EPS for the current fiscal year.
Cisco Systems Announces Dividend
The company 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. The ex-dividend date was Friday, October 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 1.7%. Cisco Systems’s dividend payout ratio is currently 50.30%.
Analyst Upgrades and Downgrades
CSCO has been the topic of several recent analyst reports. UBS Group raised their price target on shares of Cisco Systems from $132.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Rosenblatt Securities upped their target price on shares of Cisco Systems from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Morgan Stanley lowered shares of Cisco Systems from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $135.00 to $120.00 in a research report on Thursday, November 5th. Freedom Capital raised shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a research note on Sunday, August 16th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Cisco Systems in a report on Wednesday, August 26th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $127.87.
View Our Latest Stock Report on Cisco Systems
Insider Buying and Selling
In other Cisco Systems news, CEO Charles Robbins sold 21,628 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were 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 directly owned 602,710 shares of the company’s stock, valued at approximately $67,226,273.40. This trade represents a 3.46% decrease in their position. The transaction was disclosed in a 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 firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $111.53, for a total transaction of $723,495.11. Following the transaction, the executive vice president directly owned 167,116 shares of the company’s stock, valued at $18,638,447.48. This represents a 3.74% decrease in their ownership of the stock. 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 in the last quarter. 0.01% of the stock is currently owned by corporate insiders.
About Cisco Systems
Cisco Systems, Inc develops networking, cybersecurity, collaboration and observability technologies for businesses, governments and other organizations. Its products include routers, switches, wireless systems and data center infrastructure, along with security software and services that help organizations connect and protect their networks.
The company also provides collaboration tools through its Webex platform and observability capabilities through its software offerings, including technology from Splunk, which Cisco acquired in 2024.
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