23,485 Cisco Systems, Inc. $CSCO Shares Bought by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. raised its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 8.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 312,280 shares of the network equipment provider’s stock after purchasing an additional 23,485 shares during the period. First Citizens Bank & Trust Co.’s holdings in Cisco Systems were worth $33,611,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Cisco Systems during the second quarter worth $42,129,647,000. State Street Corp raised its stake in Cisco Systems by 7.0% in the second quarter. State Street Corp now owns 207,106,569 shares of the network equipment provider’s stock valued at $25,278,492,000 after buying an additional 13,512,872 shares in the last quarter. Bank of America Corp DE acquired a new stake in Cisco Systems in the second quarter valued at $5,892,379,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Cisco Systems by 2.7% during 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 buying an additional 1,143,106 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Cisco Systems during the 2nd quarter worth about $4,714,574,000. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CSCO shares. Wells Fargo & Company increased their price objective on Cisco Systems from $130.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Piper Sandler decreased their target price on Cisco Systems from $132.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, September 22nd. Wall Street Zen raised Cisco Systems from a “hold” rating to a “buy” rating in a report on Sunday. Freedom Capital raised Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Sunday, August 16th. Finally, Morgan Stanley increased their price target on shares of Cisco Systems from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Cisco Systems has an average rating of “Moderate Buy” and an average price target of $128.52.

Insider Transactions at Cisco Systems

In related news, CEO Charles Robbins sold 21,628 shares of the stock in a transaction 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 sale, the chief executive officer owned 602,710 shares in the company, valued at $67,226,273.40. This represents a 3.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 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 in the company, valued at $18,638,447.48. The trade was 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 have sold 44,869 shares of company stock worth $5,005,620 over the last 90 days. Company insiders own 0.01% of the company’s stock.

Key Cisco Systems News

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

• Positive Sentiment: AI networking partnership strengthens growth prospects. Cisco and NVIDIA introduced a new ultra-dense pluggable optics design supporting 400Gb/s-per-lane electrical signals and up to 12.8Tb/s of capacity. The technology is intended to help AI data centers connect large GPU clusters while improving bandwidth density and power efficiency. NVIDIA and Cisco Introduce New Pluggable Optics Form Factor to Scale AI Factories
• Positive Sentiment: Open infrastructure announcements support Cisco’s competitive positioning. At the OCP 2026 summit, Cisco highlighted new silicon, systems and optical products for distributed AI networks, including plans with NVIDIA for an open next-generation optics specification. The announcements reinforce Cisco’s focus on Ethernet-based AI infrastructure and customer choice. Cisco Advances Scalability and Openness at OCP 2026
• Neutral Sentiment: Investor attention remains unusually high. Recent analysis points to a 68% annual gain driven by AI infrastructure orders, networking demand and security growth. Analysts tracked by Quiver Quantitative have a median price target of $130, suggesting continued upside but also more limited room for disappointment at current valuation levels. Should You Buy, Sell, or Hold Cisco Stock After a 68% Rise in a Year?
• Negative Sentiment: Profit-taking and insider selling weigh on sentiment. Commentary attributes recent weakness primarily to valuation concerns and traders locking in gains after the sharp advance, rather than to a new earnings shock. Quiver data also shows 49 reported insider sales and no purchases over the past six months, including sales by senior executives. Mixed institutional positioning and concerns that AI-driven growth could be nearing a peak add to the caution. Why Cisco Systems Stock Is Down

Cisco Systems Trading Down 0.2%

NASDAQ:CSCO opened at $115.07 on Wednesday. The company has a market capitalization of $453.67 billion, a PE ratio of 34.45, a P/E/G ratio of 2.40 and a beta of 0.99. Cisco Systems, Inc. has a 52-week low of $66.81 and a 52-week high of $130.37. The stock’s 50 day moving average price is $112.04 and its 200 day moving average price is $108.45. 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 (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. The company 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 firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.99 earnings per share. 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 anticipate that Cisco Systems, Inc. will post 4.42 EPS for the current year.

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Friday, October 2nd will be given a $0.42 dividend. The ex-dividend date is Friday, October 2nd. This represents a $1.68 annualized dividend and a yield of 1.5%. Cisco Systems’s dividend payout ratio is 50.30%.

About Cisco Systems

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration, observability and data center solutions. Its products and services help businesses, governments, educational institutions and other organizations connect users and devices, manage infrastructure, protect digital environments and support cloud-based operations.

Cisco’s portfolio includes routers and switches, wireless networking equipment, network management software, firewalls, identity and access tools, endpoint security products, collaboration applications and observability platforms.