OLD National Bancorp IN Sells 22,343 Shares of Cisco Systems, Inc. $CSCO

Posted by Brenda Bartman on Jun 26th, 2026

OLD National Bancorp IN reduced its holdings in Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 14.9% during the first quarter, Holdings Channel.com reports. The fund owned 127,453 shares of the network equipment provider’s stock after selling 22,343 shares during the quarter. OLD National Bancorp IN’s holdings in Cisco Systems were worth $9,889,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Intesa Sanpaolo Wealth Management purchased a new stake in Cisco Systems in the fourth quarter valued at approximately $25,000. MidAtlantic Capital Management Inc. purchased a new position in Cisco Systems in the 4th quarter worth approximately $25,000. Jessup Wealth Management Inc purchased a new position in Cisco Systems in the 4th quarter worth approximately $29,000. EQ Wealth Advisors LLC bought a new position in shares of Cisco Systems in the 4th quarter worth $31,000. Finally, Board of the Pension Protection Fund bought a new position in shares of Cisco Systems in the 4th quarter worth $31,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Analysts Set New Price Targets

CSCO has been the subject of a number of research analyst reports. UBS Group lifted their price objective on shares of Cisco Systems from $95.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. The Goldman Sachs Group increased their target price on Cisco Systems from $116.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. Wall Street Zen downgraded Cisco Systems from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Wells Fargo & Company lifted their price target on Cisco Systems from $95.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Finally, Evercore upped their price objective on Cisco Systems from $110.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Two equities 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $123.14.

View Our Latest Stock Analysis on CSCO

Insider Activity

In other news, EVP Deborah L. Stahlkopf sold 6,586 shares of Cisco Systems stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $117.31, for a total value of $772,603.66. Following the transaction, the executive vice president owned 177,223 shares in the company, valued at approximately $20,790,030.13. The trade was a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thimaya K. Subaiya sold 7,127 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $119.91, for a total value of $854,598.57. Following the completion of the sale, the executive vice president directly owned 140,857 shares of the company’s stock, valued at approximately $16,890,162.87. This trade represents a 4.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 47,650 shares of company stock valued at $5,668,823. Company insiders own 0.01% of the company’s stock.

Cisco Systems Trading Down 0.6%

Shares of CSCO opened at $118.97 on Friday. Cisco Systems, Inc. has a fifty-two week low of $65.75 and a fifty-two week high of $130.37. The firm has a market cap of $468.91 billion, a price-to-earnings ratio of 38.63, a PEG ratio of 3.06 and a beta of 1.01. The firm has a 50 day moving average price of $109.17 and a 200-day moving average price of $89.29. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 0.92.

Cisco Systems (NASDAQ:CSCO – Get Free Report) last released its earnings results on Wednesday, May 13th. The network equipment provider reported $1.06 EPS for the quarter, beating the consensus estimate of $1.03 by $0.03. The company had revenue of $15.84 billion for the quarter, compared to analyst estimates of $15.56 billion. Cisco Systems had a net margin of 20.14% and a return on equity of 28.44%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 EPS. Cisco Systems has set its Q4 2026 guidance at 1.160-1.180 EPS and its FY 2026 guidance at 4.270-4.290 EPS. As a group, equities research analysts forecast that Cisco Systems, Inc. will post 3.53 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Monday, July 6th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, July 6th. Cisco Systems’s dividend payout ratio (DPR) is 54.55%.

More Cisco Systems News

Here are the key news stories impacting Cisco Systems this week:

Positive Sentiment: KeyCorp raised its price target on Cisco to $130 from $125 and reiterated an Overweight rating, signaling continued analyst confidence in upside from current levels. Benzinga
Positive Sentiment: New coverage highlighted Cisco’s growing role in AI infrastructure, including Acacia/800G optics orders and broader demand tied to AI data center spending, which supports the long-term growth story. Article
Positive Sentiment: Rafay Systems said it expanded its Elevate AI infrastructure ecosystem with growing relationships including Cisco, reinforcing Cisco’s visibility in the AI and cloud-native infrastructure market. Article
Neutral Sentiment: Recent commentary noted Cisco has outperformed some competitors despite a weaker trading session, suggesting relative resilience rather than a major new catalyst. Article
Neutral Sentiment: Several market-wrap and valuation pieces described Cisco as a hold or a value stock after its strong run, which may be tempering near-term enthusiasm even as fundamentals remain solid. Article
Negative Sentiment: Shares were recently weaker than the broader market in the latest session, reflecting some profit-taking after the stock’s sharp rally. Article

Cisco Systems Company Profile

(Free Report)

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.