Cisco Systems, Inc. $CSCO Stock: Palisade Asset Management LLC Decreases Stake

Palisade Asset Management LLC lessened its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 329,447 shares of the network equipment provider’s stock after selling 16,466 shares during the quarter. Cisco Systems makes up about 3.4% of Palisade Asset Management LLC’s portfolio, making the stock its 3rd biggest position. Palisade Asset Management LLC’s holdings in Cisco Systems were worth $35,458,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Verus Capital Partners LLC grew its stake 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 acquiring an additional 4,716 shares in the last quarter. Asset Dedication LLC raised its holdings in shares of Cisco Systems by 1.0% in the third quarter. Asset Dedication LLC now owns 41,724 shares of the network equipment provider’s stock valued at $4,491,000 after purchasing an additional 408 shares during the last quarter. May Hill Capital LLC lifted its position in shares of Cisco Systems by 3.4% in the third quarter. May Hill Capital LLC now owns 9,525 shares of the network equipment provider’s stock worth $1,025,000 after purchasing an additional 315 shares in the last quarter. Phoenix Wealth Advisors lifted its position in shares of Cisco Systems by 8.6% in the third quarter. Phoenix Wealth Advisors now owns 11,929 shares of the network equipment provider’s stock worth $1,284,000 after purchasing an additional 944 shares in the last quarter. Finally, Asset One Wealth Management LLC lifted its position in shares of Cisco Systems by 121.8% in the third quarter. Asset One Wealth Management LLC now owns 23,427 shares of the network equipment provider’s stock worth $2,521,000 after purchasing an additional 12,867 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Insider Transactions at Cisco Systems

In other news, insider Jeetendra I. Patel sold 7,170 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $111.57, for a total transaction of $799,956.90. Following the transaction, the insider directly owned 230,593 shares in the company, valued at $25,727,261.01. The trade was a 3.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thimaya K. Subaiya sold 312 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $110.18, for a total transaction of $34,376.16. Following the transaction, the executive vice president owned 127,661 shares in the company, valued at $14,065,688.98. This represents a 0.24% 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. Over the last quarter, insiders have sold 44,869 shares of company stock valued at $5,005,620. 0.01% of the stock is owned by company insiders.

Cisco Systems Stock Down 2.0%

NASDAQ:CSCO opened at $93.85 on Friday. Cisco Systems, Inc. has a twelve month low of $70.54 and a twelve month high of $130.37. The firm has a market capitalization of $370.01 billion, a price-to-earnings ratio of 28.10, a price-to-earnings-growth ratio of 1.95 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. The stock’s 50 day moving average price is $108.82 and its two-hundred day moving average price is $101.63.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 EPS for the quarter, beating the consensus estimate of $1.17 by $0.05. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%. The company had revenue of $17.25 billion during the quarter, compared to the consensus estimate of $16.84 billion. During the same quarter in the prior year, the firm posted $0.99 EPS. The firm’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. Equities research analysts expect that Cisco Systems, Inc. will post 4.42 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on CSCO shares. KeyCorp increased their target price on shares of Cisco Systems from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Wells Fargo & Company lifted 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. Piper Sandler cut 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 report on Tuesday, September 22nd. Rosenblatt Securities increased their price objective on shares of Cisco Systems from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Cisco Systems in a report on Tuesday, September 1st. They issued a “buy” rating and a $135.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Cisco Systems currently has an average rating of “Moderate Buy” and a consensus target price of $127.87.

Trending Headlines about Cisco Systems

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

Cisco Systems 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.