Novare Capital Management LLC Sells 6,838 Shares of Cisco Systems, Inc. $CSCO

Novare Capital Management LLC trimmed its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.4% in the third quarter, Holdings Channel reports. The fund owned 195,348 shares of the network equipment provider’s stock after selling 6,838 shares during the quarter. Cisco Systems comprises approximately 1.0% of Novare Capital Management LLC’s investment portfolio, making the stock its 29th biggest holding. Novare Capital Management LLC’s holdings in Cisco Systems were worth $13,366,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CSCO. Norges Bank bought a new stake in shares of Cisco Systems during the second quarter valued at approximately $3,816,825,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Cisco Systems by 413.3% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 22,393,371 shares of the network equipment provider’s stock valued at $1,553,645,000 after buying an additional 18,030,441 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Cisco Systems by 46.2% in the 2nd quarter. Franklin Resources Inc. now owns 40,836,858 shares of the network equipment provider’s stock worth $2,833,261,000 after acquiring an additional 12,904,969 shares in the last quarter. Laurel Wealth Advisors LLC boosted its stake in Cisco Systems by 6,778.2% in the second quarter. Laurel Wealth Advisors LLC now owns 6,810,012 shares of the network equipment provider’s stock worth $472,479,000 after purchasing an additional 6,711,004 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Cisco Systems by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 393,989,568 shares of the network equipment provider’s stock valued at $27,334,996,000 after acquiring an additional 5,039,714 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insider Transactions at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 164,584 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $77.85, for a total transaction of $12,812,864.40. Following the sale, the executive vice president owned 196,738 shares in the company, valued at $15,316,053.30. This represents a 45.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jeetendra I. Patel sold 163,896 shares of the business’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $77.86, for a total transaction of $12,760,942.56. Following the transaction, the insider owned 281,108 shares in the company, valued at approximately $21,887,068.88. The trade was a 36.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,044,865 shares of company stock valued at $81,397,635. 0.01% of the stock is owned by insiders.

Key Stories Impacting Cisco Systems

Here are the key news stories impacting Cisco Systems this week:

• Positive Sentiment: Evercore ISI upgraded CSCO to “Outperform” and raised its price target to $100, signaling ~27% upside from recent levels and prompting buying interest from investors. Evercore ISI Upgrades Cisco Systems (NASDAQ:CSCO) to “Outperform”
• Positive Sentiment: Multiple analysts have lifted targets and upgraded ratings in the past few days, boosting bullish sentiment and liquidity into the name. Higher analyst conviction supports near-term upside. Cisco Systems Trending as Analysts Lift Targets
• Positive Sentiment: Cisco launched the “Cisco 360” partner program designed for the AI era, intended to accelerate partner-led sales into AI-ready data centers, workplaces, and security — a strategic move to monetize AI infrastructure demand. Cisco Launches New Cisco 360 Partner Program, Built with Partners for the AI Era
• Positive Sentiment: Corporate research from Cisco highlights rising AI-driven spending on privacy, governance and infrastructure — supporting long-term TAM expansion for networking, security and observability products. AI Fuels Surge in Data Privacy Investments and Redefines Governance, Cisco Reports
• Neutral Sentiment: Local wins such as Georgetown’s Wi‑Fi 7 overhaul with Cisco underscore product demand and campus networking relevance but are likely incremental to overall revenue trends. Does Georgetown’s Wi‑Fi 7 Overhaul With Cisco (CSCO) Redefine Its Campus AI Networking Edge?
• Neutral Sentiment: Reported short-interest data this week appears anomalous (showing zero shares), so it’s not a meaningful immediate signal for squeezes or added pressure.
• Neutral Sentiment: Market write-ups and tape headlines (Zacks, Seeking Alpha summaries) note the stock’s recent gains and analyst activity; these amplify momentum but don’t add new fundamentals. Cisco Systems (CSCO) Rises Higher Than Market: Key Facts
• Negative Sentiment: CEO Chuck Robbins warned investors to expect “AI carnage” when the bubble bursts, signaling management awareness of volatile demand dynamics that could lead to differentiation among winners and losers and potential multiple compression. Cisco Boss Robbins Warns Investors of “AI Carnage” Ahead as Winners and Losers Emerge
• Negative Sentiment: Some bearish analyst/commentary pieces (e.g., Forbes suggesting a sell case and lower-price scenarios) add downside narrative that could temper momentum if macro or AI spending headlines turn negative. Is It Time To Sell Cisco Stock?

Cisco Systems Stock Up 2.2%

CSCO stock opened at $78.68 on Wednesday. The business has a 50-day moving average of $76.63 and a 200-day moving average of $71.92. Cisco Systems, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $80.82. The stock has a market capitalization of $310.87 billion, a P/E ratio of 29.58, a P/E/G ratio of 2.91 and a beta of 0.87. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.93 and a quick ratio of 0.83.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. Cisco Systems had a return on equity of 27.29% and a net margin of 18.38%.The firm had revenue of $14.88 billion during the quarter, compared to the consensus estimate of $14.77 billion. During the same quarter in the prior year, the firm posted $0.91 EPS. The business’s revenue was up 7.5% on a year-over-year basis. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS and its Q2 2026 guidance at 1.010-1.030 EPS. On average, sell-side analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 21st. Investors of record on Friday, January 2nd were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $1.64 annualized dividend and a yield of 2.1%. Cisco Systems’s dividend payout ratio is 61.65%.

Analyst Ratings Changes

CSCO has been the subject of a number of recent research reports. CICC Research boosted their target price on Cisco Systems from $78.00 to $84.00 and gave the stock an “outperform” rating in a research report on Friday, November 14th. Erste Group Bank raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a research note on Monday, November 10th. Wall Street Zen lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. KeyCorp upped their target price on shares of Cisco Systems from $77.00 to $87.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. Finally, Barclays raised their price target on Cisco Systems from $71.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Cisco Systems has a consensus rating of “Moderate Buy” and a consensus price target of $86.81.

About Cisco Systems

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.