17,532 Cisco Systems, Inc. $CSCO Shares Sold by Cullinan Associates Inc.

Cullinan Associates Inc. lessened its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 17.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 80,147 shares of the network equipment provider’s stock after selling 17,532 shares during the period. Cullinan Associates Inc.’s holdings in Cisco Systems were worth $8,626,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Manning & Napier Advisors LLC increased its position in shares of Cisco Systems by 137.0% during the 1st quarter. Manning & Napier Advisors LLC now owns 346 shares of the network equipment provider’s stock worth $27,000 after purchasing an additional 200 shares during the last quarter. Halbert Hargrove Global Advisors LLC raised its stake in shares of Cisco Systems by 142.5% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 257 shares of the network equipment provider’s stock worth $28,000 after purchasing an additional 151 shares in the last quarter. Kings Path Partners LLC bought a new stake in shares of Cisco Systems during the 3rd quarter worth approximately $31,000. Blueline Advisors LLC bought a new stake in shares of Cisco Systems during the 3rd quarter worth approximately $32,000. Finally, RMG Wealth Management LLC boosted its holdings in shares of Cisco Systems by 308.7% in the 1st quarter. RMG Wealth Management LLC now owns 425 shares of the network equipment provider’s stock valued at $33,000 after buying an additional 321 shares during the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on CSCO. Rosenblatt Securities raised their target price on shares of Cisco Systems from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Weiss Ratings restated a “buy (b)” rating on shares of Cisco Systems in a report on Wednesday, August 26th. Sanford C. Bernstein initiated coverage on shares of Cisco Systems in a research report on Wednesday, September 30th. They set a “market perform” rating and a $110.00 price target on the stock. HSBC cut shares of Cisco Systems from a “buy” rating to a “hold” rating and cut their price target for the company from $137.00 to $120.00 in a research note on Friday, August 14th. Finally, Freedom Capital raised shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 16th. Three investment 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. According to data from MarketBeat, Cisco Systems currently has an average rating of “Moderate Buy” and a consensus target price of $127.87.

Cisco Systems Price Performance

NASDAQ:CSCO opened at $93.85 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.93 and a debt-to-equity ratio of 0.39. The stock’s 50 day moving average price is $108.82 and its two-hundred day moving average price is $101.63. The firm has a market capitalization of $370.01 billion, a price-to-earnings ratio of 28.10, a P/E/G ratio of 1.95 and a beta of 1.01. Cisco Systems, Inc. has a 12-month low of $70.54 and a 12-month high of $130.37.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $16.84 billion. During the same period last year, the firm posted $0.99 earnings per share. The business’s revenue was up 17.6% on a year-over-year basis. 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, analysts anticipate that Cisco Systems, Inc. will post 4.42 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 21st. Investors of record on Friday, October 2nd were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, October 2nd. Cisco Systems’s dividend payout ratio is 50.30%.

Trending Headlines about Cisco Systems

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

Insiders Place Their Bets

In other Cisco Systems news, EVP Oliver Tuszik sold 680 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $110.18, for a total transaction of $74,922.40. Following the completion of the sale, the executive vice president owned 163,337 shares of the company’s stock, valued at $17,996,470.66. This trade represents a 0.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Robbins sold 21,628 shares of Cisco Systems stock in a transaction on Friday, August 14th. The stock was sold at an average price of $111.54, for a total transaction of $2,412,387.12. Following the transaction, the chief executive officer directly owned 602,710 shares of the company’s stock, valued at approximately $67,226,273.40. This trade represents a 3.46% 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 in the last quarter. Company insiders own 0.01% of the company’s stock.

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.