Cisco Systems, Inc. $CSCO Stock Acquired by Elite Wealth Management Inc.

Posted by Geri Gentry on Nov 9th, 2026

Elite Wealth Management Inc. lifted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 249.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,002 shares of the network equipment provider’s stock after buying an additional 17,136 shares during the period. Elite Wealth Management Inc.’s holdings in Cisco Systems were worth $2,583,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Kimelman & Baird LLC increased its position in shares of Cisco Systems by 1.7% during the 3rd quarter. Kimelman & Baird LLC now owns 99,641 shares of the network equipment provider’s stock valued at $10,724,000 after purchasing an additional 1,619 shares during the last quarter. Rayburn West Financial Services LLC raised its holdings in Cisco Systems by 0.6% during the 3rd quarter. Rayburn West Financial Services LLC now owns 60,294 shares of the network equipment provider’s stock valued at $6,489,000 after buying an additional 345 shares during the period. Ethic Inc. lifted its position in Cisco Systems by 3.2% in the third quarter. Ethic Inc. now owns 565,451 shares of the network equipment provider’s stock worth $60,859,000 after buying an additional 17,754 shares during the last quarter. StoneX Group Inc. lifted its position in Cisco Systems by 6.4% in the third quarter. StoneX Group Inc. now owns 88,857 shares of the network equipment provider’s stock worth $9,583,000 after buying an additional 5,341 shares during the last quarter. Finally, Ethos Capital Management Inc. lifted its position in Cisco Systems by 7.6% in the third quarter. Ethos Capital Management Inc. now owns 27,389 shares of the network equipment provider’s stock worth $2,948,000 after buying an additional 1,946 shares during the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Cisco Systems

In other Cisco Systems news, EVP Thimaya Subaiya sold 5,832 shares of Cisco Systems stock in a transaction on Wednesday, August 19th. The stock was 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 directly owned 128,382 shares of the company’s stock, valued at $14,310,741.54. The trade was a 4.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deborah Stahlkopf sold 6,487 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $111.53, for a total value of $723,495.11. Following the completion of the sale, the executive vice president 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. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 44,869 shares of company stock worth $5,005,620 over the last three months. Corporate insiders own 0.01% of the company’s stock.

More Cisco Systems News

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

Positive Sentiment: Cisco was named a leader in ABI Research’s open line systems ranking for data-center interconnects, a market benefiting from AI-driven data-center expansion. Article: Ciena, Nokia, and Cisco Named Leaders in ABI Research’s Open Line Systems Ranking
Positive Sentiment: New partner and cloud offerings—including AI-focused tools and expanded partner incentives—could support recurring software and services revenue. Separately, Spectrum Business introduced a managed Cisco secure-networking service aimed at AI-oriented enterprise workloads. Article: How Investors Are Reacting To Cisco Stock After Analyst Downgrade Article: Cisco Expands Into Managed Secure Networking
Neutral Sentiment: Cisco’s Q3 earnings are scheduled for November 12. Options traders are pricing in a potentially substantial move around the report, making results and guidance a near-term catalyst. Article: Cisco Set for Near 11% Move After Q3 Earnings, Say Options Traders
Negative Sentiment: Morgan Stanley cut Cisco from Overweight to Equal Weight and lowered its price target from $135 to $120. The firm warned that faster AI-infrastructure growth could worsen the sales mix and pressure gross margins, weighing on earnings growth in fiscal 2028. Article: Morgan Stanley Downgrades Cisco On AI Impacting Gross Margins
Negative Sentiment: The downgrade coincided with broad selling in AI-infrastructure and networking stocks. Cisco’s shares also fell below their 200-day moving average, a technical signal that may add to investor caution. Article: Cisco Falls on Morgan Stanley Downgrade and AI Infrastructure Selloff Article: Cisco Stock Price Breaks Below 200-Day Moving Average

Analysts Set New Price Targets

Several research analysts have commented on CSCO shares. Sanford C. Bernstein assumed coverage on shares of Cisco Systems in a research note on Wednesday, September 30th. They set a “market perform” rating and a $110.00 price objective for the company. Barclays increased their target price on shares of Cisco Systems from $121.00 to $123.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Rosenblatt Securities raised their target price on shares of Cisco Systems from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cisco Systems in a research note on Wednesday, August 26th. Finally, Piper Sandler cut their price target on shares of Cisco Systems from $132.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, September 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $127.87.

View Our Latest Analysis on Cisco Systems

Cisco Systems Price Performance

Cisco Systems stock opened at $93.85 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.79. The stock has a market cap of $370.01 billion, a price-to-earnings ratio of 28.10, a price-to-earnings-growth ratio of 1.95 and a beta of 1.01. The firm has a 50-day moving average of $108.82 and a two-hundred day moving average of $101.63. Cisco Systems, Inc. has a 1 year low of $70.54 and a 1 year high of $130.37.

Cisco Systems (NASDAQ:CSCO – Get Free Report) last issued its earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $16.84 billion. During the same period last year, the company posted $0.99 earnings per share. The company’s quarterly revenue 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. On average, research analysts forecast that Cisco Systems, Inc. will post 4.42 earnings per share for the current year.

Cisco Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, October 2nd. Cisco Systems’s dividend payout ratio (DPR) is presently 50.30%.

About Cisco Systems

(Free Report)

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.