King Luther Capital Management Corp lifted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 11.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 715,838 shares of the network equipment provider’s stock after purchasing an additional 76,213 shares during the period. King Luther Capital Management Corp’s holdings in Cisco Systems were worth $77,046,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of CSCO. BlackRock Inc. bought a new stake in Cisco Systems during the 2nd quarter valued at $42,129,647,000. State Street Corp increased its holdings in shares of Cisco Systems by 7.0% in the 2nd quarter. State Street Corp now owns 207,106,569 shares of the network equipment provider’s stock valued at $25,278,492,000 after acquiring an additional 13,512,872 shares during the period. Bank of America Corp DE bought a new position in shares of Cisco Systems in the 2nd quarter worth $5,892,379,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Cisco Systems by 2.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 43,450,141 shares of the network equipment provider’s stock worth $5,103,654,000 after acquiring an additional 1,143,106 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Cisco Systems during the 2nd quarter worth $4,714,574,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.
Recent Cisco Systems Headlines
These are some of the CSCO headlines that stood out recently:
- Positive Sentiment: Analysts’ earnings preview points to strong year-over-year growth, with consensus at $1.32 in earnings per share on $18.11 billion in revenue. A history of earnings surprises and expectations for AI infrastructure, hyperscaler investment, and networking demand add to hopes for a beat. Article: Cisco Earnings Preview Article: Will Cisco Beat Estimates Again?
- Neutral Sentiment: Options markets signal elevated uncertainty around earnings, with one report citing an implied move of as much as 15.12%. That points to potential volatility, but not a clear direction. Article: Cisco Systems Could Swing After Earnings
- Negative Sentiment: Some options positioning is described as bearish, and Cisco’s recent technical weakness raises the bar for results. Investors are watching AI orders and margins, while rising costs, competition, and questions about valuation after a strong multiyear run could limit the stock’s upside if results or guidance disappoint. Article: Cisco Earnings Preview: Options Data Bearish Article: Is Cisco Fully Priced?
Insider Activity at Cisco Systems
In other Cisco Systems news, EVP Thimaya Subaiya sold 5,832 shares of the 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 transaction, the executive vice president directly owned 128,382 shares of the company’s stock, valued at $14,310,741.54. This trade represents a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeetendra Patel sold 7,170 shares of Cisco Systems stock in a transaction dated 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 sale, the insider owned 230,593 shares in the company, valued at approximately $25,727,261.01. This trade represents a 3.02% decrease in their position. 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 sold a total of 44,869 shares of company stock valued at $5,005,620 in the last three months. Company insiders own 0.01% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have commented on CSCO. Barclays boosted their target price 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. KeyCorp boosted their price target on Cisco Systems from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Sanford C. Bernstein began coverage on shares of Cisco Systems in a research report on Wednesday, September 30th. They set a “market perform” rating and a $110.00 target price for the company. Truist Financial upped their target price on Cisco Systems from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Finally, UBS Group raised their target price on Cisco Systems from $132.00 to $138.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.87.
View Our Latest Stock Analysis on CSCO
Cisco Systems Trading Up 2.7%
CSCO stock opened at $100.76 on Thursday. The company’s 50-day simple moving average is $108.16 and its 200-day simple moving average is $102.00. The company has a quick ratio of 0.79, a current ratio of 0.93 and a debt-to-equity ratio of 0.39. Cisco Systems, Inc. has a 52-week low of $71.72 and a 52-week high of $130.37. The firm has a market cap of $397.26 billion, a P/E ratio of 30.17, a PEG ratio of 2.02 and a beta of 1.01.
Cisco Systems (NASDAQ:CSCO – Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%. The company 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 business posted $0.99 earnings per share. Cisco Systems’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, equities analysts forecast that Cisco Systems, Inc. will post 4.48 EPS for the current fiscal year.
Cisco Systems Profile
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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