Cisco Systems, Inc. $CSCO Stock Sold by Fifth Third Bancorp

Fifth Third Bancorp lowered its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,408,077 shares of the network equipment provider’s stock after selling 107,802 shares during the period. Fifth Third Bancorp owned about 0.09% of Cisco Systems worth $366,811,000 at the end of the most recent quarter.

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

Cisco Systems Stock Up 2.7%

CSCO opened at $100.76 on Thursday. Cisco Systems, Inc. has a twelve month low of $71.72 and a twelve month high of $130.37. 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 company has a 50-day moving average price of $108.16 and a 200 day moving average price of $102.00. The company has a market cap of $397.26 billion, a PE ratio of 30.17, a price-to-earnings-growth ratio of 2.02 and a beta of 1.01.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results 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 firm had revenue of $17.25 billion for the quarter, compared to analyst estimates of $16.84 billion. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. Cisco Systems’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period last year, the company posted $0.99 EPS. Sell-side analysts expect that Cisco Systems, Inc. will post 4.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Freedom Capital upgraded Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 16th. Morgan Stanley cut Cisco Systems from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $135.00 to $120.00 in a research report on Thursday, November 5th. Rosenblatt Securities upped their target price on Cisco Systems from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Truist Financial increased their target price on Cisco Systems from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Finally, Piper Sandler dropped their price target on shares of Cisco Systems from $132.00 to $125.00 and set a “neutral” rating on the stock in a research note 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 stock. Based on data from MarketBeat.com, Cisco Systems presently has an average rating of “Moderate Buy” and an average price target of $127.87.

Cisco Systems News Roundup

Investors following CSCO have been watching these news items:

• Positive Sentiment: Analysts’ earnings preview points to strong year-over-year growth, with consensus at $1.32 in earnings per share on $18.11 billion in revenue. A history of earnings surprises and expectations for AI infrastructure, hyperscaler investment, and networking demand add to hopes for a beat. Article: Cisco Earnings Preview Article: Will Cisco Beat Estimates Again?
• Neutral Sentiment: Options markets signal elevated uncertainty around earnings, with one report citing an implied move of as much as 15.12%. That points to potential volatility, but not a clear direction. Article: Cisco Systems Could Swing After Earnings
• Negative Sentiment: Some options positioning is described as bearish, and Cisco’s recent technical weakness raises the bar for results. Investors are watching AI orders and margins, while rising costs, competition, and questions about valuation after a strong multiyear run could limit the stock’s upside if results or guidance disappoint. Article: Cisco Earnings Preview: Options Data Bearish Article: Is Cisco Fully Priced?

Insider Activity

In related news, CEO Charles Robbins sold 21,628 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $67,226,273.40. This represents a 3.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 2,760 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $112.46, for a total value of $310,389.60. Following the completion of the sale, the executive vice president owned 165,276 shares of the company’s stock, valued at $18,586,938.96. This trade represents a 1.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 44,869 shares of company stock valued at $5,005,620 in the last ninety days. 0.01% of the stock is currently owned by corporate insiders.

Cisco Systems Company 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.