The Manufacturers Life Insurance Company lessened its stake in Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 4.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,413,026 shares of the network equipment provider’s stock after selling 149,111 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Cisco Systems were worth $410,979,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. MidAtlantic Capital Management Inc. acquired a new stake in Cisco Systems in the fourth quarter worth $25,000. Intesa Sanpaolo Wealth Management bought a new position in Cisco Systems during the fourth quarter worth about $25,000. Networth Advisors LLC grew its stake in Cisco Systems by 276.4% in the first quarter. Networth Advisors LLC now owns 335 shares of the network equipment provider’s stock valued at $26,000 after acquiring an additional 246 shares during the period. Financial Life Planners acquired a new stake in shares of Cisco Systems during the first quarter worth about $27,000. Finally, Manning & Napier Advisors LLC grew its position in shares of Cisco Systems by 137.0% in the 1st quarter. Manning & Napier Advisors LLC now owns 346 shares of the network equipment provider’s stock valued at $27,000 after purchasing an additional 200 shares during the period. 73.33% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
CSCO has been the subject of several research analyst reports. HSBC cut shares of Cisco Systems from a “buy” rating to a “hold” rating and reduced their price target for the company from $137.00 to $120.00 in a report on Friday, August 14th. Wells Fargo & Company boosted their target price on Cisco Systems from $130.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Truist Financial upped their price objective on Cisco Systems from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Cisco Systems in a research report on Wednesday, August 26th. Finally, Evercore increased their price objective on shares of Cisco Systems from $110.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Two 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.68.
More Cisco Systems News
Here are the key news stories impacting Cisco Systems this week:
- Positive Sentiment: Cisco and Infleqtion announced a research-and-development collaboration focused on networking and scaling quantum-computing systems. Although the opportunity is long term and not yet tied to material revenue, it strengthens Cisco’s positioning in emerging network architectures. Infleqtion and Cisco Announce Collaboration to Advance Networked Quantum Technology
- Positive Sentiment: Cisco’s AI infrastructure momentum remains a key support for the stock. Its reported $9.3 billion AI order book, a 14-fold increase in token activity, and the live AMD-Humain deployment in Saudi Arabia highlight demand for high-speed networking and potential growth in hyperscale and Middle Eastern AI infrastructure. Cisco Says AI Agents Now Consume 60% of Global Inference
- Neutral Sentiment: Cisco is promoting its October WebexOne event, where customers and industry leaders will discuss practical applications of AI-powered collaboration. The event may provide additional product and demand commentary, but it is primarily a corporate marketing update rather than an immediate earnings catalyst. Cisco WebexOne Media Alert
- Negative Sentiment: A courtroom dispute involving Huawei source-code allegations has reached trial. While the claims concern historic technology, the litigation adds legal uncertainty and appears to be the most immediate headline pressure on CSCO, particularly as investors focus on whether it could affect costs, reputation, or management attention. Cisco Slips as Huawei Source-Code Claims Reach Trial
- Negative Sentiment: Analysts and market commentary are flagging downside risk after the stock’s strong 12-month advance and recent monthly pullback. Cisco’s AI opportunity is increasingly dependent on hyperscaler spending, while hardware-heavy growth could pressure gross margins. Its valuation also leaves less room for execution missteps. How Far Could Cisco Stock Fall With Its Fastest Growth Riding on Hyperscalers?
Insider Transactions at Cisco Systems
In other news, CEO Charles Robbins sold 21,628 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $111.54, for a total value of $2,412,387.12. Following the transaction, the chief executive officer directly owned 602,710 shares of the company’s stock, valued at $67,226,273.40. The trade was a 3.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deborah L. Stahlkopf sold 6,487 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $111.53, for a total value of $723,495.11. Following the sale, the executive vice president owned 167,116 shares in the company, valued at approximately $18,638,447.48. The trade was a 3.74% 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. In the last ninety days, insiders have sold 51,004 shares of company stock worth $5,750,920. Company insiders own 0.01% of the company’s stock.
Cisco Systems Price Performance
CSCO stock opened at $107.44 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.79. Cisco Systems, Inc. has a 1 year low of $66.13 and a 1 year high of $130.37. The stock has a market cap of $423.59 billion, a price-to-earnings ratio of 32.17, a P/E/G ratio of 2.28 and a beta of 1.00. The company has a 50 day simple moving average of $113.67 and a 200 day simple moving average of $103.24.
Cisco Systems (NASDAQ:CSCO – Get Free Report) last issued its 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. The business had revenue of $17.25 billion during the quarter, compared to analysts’ expectations of $16.84 billion. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%.The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.99 EPS. 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 anticipate that Cisco Systems, Inc. will post 4.43 EPS for the current fiscal year.
Cisco Systems Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd will be issued a dividend of $0.42 per share. The ex-dividend date is Friday, October 2nd. This represents a $1.68 annualized dividend and a yield of 1.6%. Cisco Systems’s dividend payout ratio (DPR) is presently 50.30%.
Cisco Systems Profile
Cisco Systems, Inc is a global technology company that provides networking, cybersecurity, collaboration, observability and other information technology solutions. Its offerings include routers, switches, wireless networking equipment, data center infrastructure, security platforms, unified communications tools and software designed to help organizations connect, manage and protect their digital environments.
Cisco serves businesses, government agencies, educational institutions, telecommunications providers and other organizations worldwide.
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