Cisco Systems, Inc. $CSCO Stock Sold by Palisade Asset Management LLC

Palisade Asset Management LLC lessened its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 4.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 329,447 shares of the network equipment provider’s stock after selling 16,466 shares during the quarter. Cisco Systems comprises about 3.4% of Palisade Asset Management LLC’s investment portfolio, making the stock its 3rd largest holding. Palisade Asset Management LLC’s holdings in Cisco Systems were worth $35,458,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Verus Capital Partners LLC grew its position in shares of Cisco Systems by 53.8% during the 3rd quarter. Verus Capital Partners LLC now owns 13,485 shares of the network equipment provider’s stock worth $1,451,000 after buying an additional 4,716 shares during the period. Asset Dedication LLC increased its stake in shares of Cisco Systems by 1.0% in the 3rd quarter. Asset Dedication LLC now owns 41,724 shares of the network equipment provider’s stock valued at $4,491,000 after acquiring an additional 408 shares during the last quarter. May Hill Capital LLC raised its position in shares of Cisco Systems by 3.4% in the 3rd quarter. May Hill Capital LLC now owns 9,525 shares of the network equipment provider’s stock valued at $1,025,000 after acquiring an additional 315 shares during the period. Phoenix Wealth Advisors raised its position in shares of Cisco Systems by 8.6% in the 3rd quarter. Phoenix Wealth Advisors now owns 11,929 shares of the network equipment provider’s stock valued at $1,284,000 after acquiring an additional 944 shares during the period. Finally, Asset One Wealth Management LLC raised its position in shares of Cisco Systems by 121.8% in the 3rd quarter. Asset One Wealth Management LLC now owns 23,427 shares of the network equipment provider’s stock valued at $2,521,000 after acquiring an additional 12,867 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

More Cisco Systems News

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

Insider Buying and Selling

In other news, EVP Thimaya Subaiya sold 5,832 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $111.47, for a total transaction of $650,093.04. Following the completion of the sale, the executive vice president owned 128,382 shares of the company’s stock, valued at $14,310,741.54. This represents a 4.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Robbins sold 21,628 shares of the 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 sale, the chief executive officer directly owned 602,710 shares of the company’s stock, valued at $67,226,273.40. This represents a 3.46% 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 three months, insiders have sold 44,869 shares of company stock valued at $5,005,620. 0.01% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CSCO has been the topic of several recent analyst reports. KeyCorp lifted their price objective on shares of Cisco Systems from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Piper Sandler lowered their target price on shares of Cisco Systems from $132.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, September 22nd. Rosenblatt Securities increased their target price on shares of Cisco Systems from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. HSBC cut shares of Cisco Systems from a “buy” rating to a “hold” rating and reduced their price target for the stock from $137.00 to $120.00 in a research report on Friday, August 14th. Finally, Morgan Stanley lowered shares of Cisco Systems from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $135.00 to $120.00 in a report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Cisco Systems currently has an average rating of “Moderate Buy” and an average target price of $127.87.

Cisco Systems Trading Down 2.0%

NASDAQ:CSCO opened at $93.85 on Friday. Cisco Systems, Inc. has a fifty-two week low of $70.54 and a fifty-two week high of $130.37. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.79. The stock has a market capitalization of $370.01 billion, a PE ratio of 28.10, a price-to-earnings-growth ratio of 1.95 and a beta of 1.01. The business’s 50-day simple moving average is $108.82 and its 200-day simple moving average is $101.63.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, topping 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 business had revenue of $17.25 billion during the quarter, compared to analysts’ expectations of $16.84 billion. During the same period in the prior year, the business earned $0.99 EPS. Cisco Systems’s revenue for the quarter was up 17.6% compared to the same quarter last year. 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. Sell-side analysts expect that Cisco Systems, Inc. will post 4.42 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

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

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.