Russell Investments Group Ltd. Sells 240,984 Shares of Cisco Systems, Inc. $CSCO

Russell Investments Group Ltd. cut its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 5.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,155,279 shares of the network equipment provider’s stock after selling 240,984 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.11% of Cisco Systems worth $446,579,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CSCO. Halbert Hargrove Global Advisors LLC grew its position in shares of Cisco Systems by 142.5% during the third 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 Cisco Systems during the 3rd quarter valued at approximately $31,000. Blueline Advisors LLC purchased a new position in Cisco Systems in the 3rd quarter worth approximately $32,000. RMG Wealth Management LLC lifted its holdings in Cisco Systems by 308.7% in the 1st quarter. RMG Wealth Management LLC now owns 425 shares of the network equipment provider’s stock worth $33,000 after purchasing an additional 321 shares in the last quarter. Finally, GK Wealth Management LLC bought a new position in Cisco Systems in the 3rd quarter worth approximately $37,000. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CSCO has been the subject of a number of research analyst reports. Rosenblatt Securities increased their price objective on shares of Cisco Systems from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, August 13th. HSBC downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating and lowered their target price for the stock from $137.00 to $120.00 in a report on Friday, August 14th. Truist Financial lifted their price target on shares of Cisco Systems from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Freedom Capital upgraded shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a research note on Sunday, August 16th. Finally, Wall Street Zen downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Saturday, November 7th. Three equities research 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $129.14.

Cisco Systems Stock Performance

NASDAQ CSCO opened at $102.01 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.79. Cisco Systems, Inc. has a 1-year low of $72.80 and a 1-year high of $130.37. The business has a 50 day simple moving average of $108.02 and a two-hundred day simple moving average of $102.13. The stock has a market capitalization of $402.18 billion, a PE ratio of 30.54, a P/E/G ratio of 2.07 and a beta of 1.01.

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 the consensus estimate of $1.33 by $0.07. The business had revenue of $18.52 billion for the quarter, compared to analysts’ expectations 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 in the prior year, the firm 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. On average, research analysts predict that Cisco Systems, Inc. will post 4.48 EPS for the current fiscal year.

Cisco Systems Announces Dividend

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

Insider Activity at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 312 shares of the stock in a transaction 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 sale, the executive vice president owned 127,661 shares of the company’s stock, valued at approximately $14,065,688.98. This represents a 0.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 680 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $110.18, for a total transaction of $74,922.40. Following the transaction, the executive vice president owned 163,337 shares in the company, valued at $17,996,470.66. The trade was a 0.41% 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 6,824 shares of company stock valued at $759,392 over the last ninety days. Corporate insiders own 0.01% of the company’s stock.

Key Stories Impacting Cisco Systems

Here are a few of the latest stories about CSCO:

• 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
• Positive Sentiment: Management pointed to robust AI-networking demand, including data-center growth, as a major tailwind. Investors may see Cisco as benefiting from increased spending on the networking infrastructure needed for AI. Cisco Earnings, Revenue Top Estimates On AI Data Center Growth

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.