Fisher Asset Management LLC Purchases 7,233,872 Shares of Cisco Systems, Inc. $CSCO

Fisher Asset Management LLC grew its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 21.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,646,597 shares of the network equipment provider’s stock after purchasing an additional 7,233,872 shares during the quarter. Cisco Systems makes up about 1.3% of Fisher Asset Management LLC’s portfolio, making the stock its 24th biggest holding. Fisher Asset Management LLC owned approximately 1.03% of Cisco Systems worth $4,374,793,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Altar Rock LLC lifted its position in Cisco Systems by 6.0% during the third quarter. Altar Rock LLC now owns 1,966 shares of the network equipment provider’s stock worth $234,000 after buying an additional 111 shares in the last quarter. Private Advisory Group LLC grew its holdings in Cisco Systems by 9.0% in the 3rd quarter. Private Advisory Group LLC now owns 3,645 shares of the network equipment provider’s stock valued at $392,000 after buying an additional 301 shares in the last quarter. Ariadne Wealth Management LP grew its holdings in Cisco Systems by 11.6% in the 3rd quarter. Ariadne Wealth Management LP now owns 4,928 shares of the network equipment provider’s stock valued at $530,000 after buying an additional 514 shares in the last quarter. Tortoise Investment Management LLC increased its stake in shares of Cisco Systems by 28.6% in the 3rd quarter. Tortoise Investment Management LLC now owns 7,755 shares of the network equipment provider’s stock worth $835,000 after acquiring an additional 1,725 shares during the last quarter. Finally, Everest Financial Group LLC increased its stake in shares of Cisco Systems by 232.2% in the 3rd quarter. Everest Financial Group LLC now owns 17,338 shares of the network equipment provider’s stock worth $1,866,000 after acquiring an additional 12,119 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Stock Performance

Shares of Cisco Systems stock opened at $102.01 on Friday. Cisco Systems, Inc. has a 52 week low of $72.80 and a 52 week high of $130.37. The business’s fifty day simple moving average is $108.02 and its 200-day simple moving average is $102.13. The firm has a market cap of $402.18 billion, a PE ratio of 30.54, a price-to-earnings-growth ratio of 2.07 and a beta of 1.01. 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 Thursday, November 12th. The network equipment provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. The firm had revenue of $18.52 billion during the quarter, compared to the consensus estimate of $18.12 billion. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%. During the same period last year, the company earned $1.00 EPS. Cisco Systems has set its Q2 2027 guidance at 1.340-1.360 EPS and its FY 2027 guidance at 5.470-5.530 EPS. Equities analysts forecast that Cisco Systems, Inc. will post 4.48 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 20th. Shareholders of record on Monday, January 4th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, January 4th. Cisco Systems’s dividend payout ratio (DPR) is 50.30%.

Insider Transactions at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 312 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $110.18, for a total value of $34,376.16. Following the transaction, the executive vice president directly owned 127,661 shares in the company, valued at approximately $14,065,688.98. This represents a 0.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 680 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 163,337 shares of the company’s stock, valued at $17,996,470.66. The trade was a 0.41% 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. Over the last quarter, insiders have sold 6,824 shares of company stock valued at $759,392. Company insiders own 0.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CSCO shares. Deutsche Bank began coverage on Cisco Systems in a report on Tuesday, September 1st. They set a “buy” rating and a $135.00 price target on the stock. Zacks Research raised shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 30th. HSBC lowered shares of Cisco Systems from a “buy” rating to a “hold” rating and decreased their target price for the company from $137.00 to $120.00 in a report on Friday, August 14th. Wells Fargo & Company increased their price target on shares of Cisco Systems from $130.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Finally, UBS Group raised their price target on shares of Cisco Systems from $132.00 to $138.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $129.14.

Key Headlines Impacting Cisco Systems

Investors following CSCO have been watching these headlines:

• Positive Sentiment: Fiscal Q1 adjusted earnings were $1.40 per share versus the $1.33 consensus, while revenue of $18.52 billion topped the $18.12 billion estimate. The company also reported $4.55 billion in net income, and revenue and earnings growth reached their strongest pace in more than 15 years. Cisco stock jumps 5% on earnings and revenue beat
• Positive Sentiment: Cisco raised its fiscal 2027 adjusted EPS forecast to $5.47–$5.53, above the $5.10 FactSet estimate, and its revenue outlook to $74.8–$75.8 billion, versus $73.2 billion expected. Its Q2 EPS and revenue guidance also exceeded consensus, supporting expectations for continued growth. Cisco raises annual revenue forecast on strong AI networking demand
• Neutral Sentiment: Despite the strong report and higher guidance, investors will be watching whether AI-related demand can translate into sustained growth and healthy margins, particularly after a rally that had raised expectations. Cisco rally faces a margin-and-valuation test

About Cisco Systems

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.