14,840 Cisco Systems, Inc. $CSCO Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management trimmed its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 10.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 129,111 shares of the network equipment provider’s stock after selling 14,840 shares during the period. Ritholtz Wealth Management’s holdings in Cisco Systems were worth $13,896,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. BlackRock Inc. bought a new position in Cisco Systems in the 2nd quarter worth approximately $42,129,647,000. Bank of America Corp DE acquired a new position in Cisco Systems during the 2nd quarter worth $5,892,379,000. Bank of New York Mellon Corp bought a new position in Cisco Systems in the 2nd quarter valued at $4,714,574,000. Deutsche Bank AG bought a new position in Cisco Systems in the 2nd quarter valued at $1,997,004,000. Finally, State Street Corp boosted its position in Cisco Systems by 7.0% in the 2nd quarter. State Street Corp now owns 207,106,569 shares of the network equipment provider’s stock valued at $25,278,492,000 after buying an additional 13,512,872 shares during the last quarter. 73.33% of the stock is owned by institutional investors.

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 stock was sold at an average price of $111.47, for a total value of $650,093.04. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deborah Stahlkopf sold 6,487 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $111.53, for a total value of $723,495.11. Following the completion of the transaction, the executive vice president owned 167,116 shares in the company, valued at $18,638,447.48. This represents a 3.74% decrease in their ownership of the stock. 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. Insiders have sold a total of 44,869 shares of company stock worth $5,005,620 over the last 90 days. 0.01% of the stock is currently owned by corporate insiders.

Trending Headlines about Cisco Systems

Investors following CSCO have been watching these headlines:

• Positive Sentiment: Analysts’ earnings preview points to strong year-over-year growth, with consensus at $1.32 in earnings per share on $18.11 billion in revenue. A history of earnings surprises and expectations for AI infrastructure, hyperscaler investment, and networking demand add to hopes for a beat. Article: Cisco Earnings Preview Article: Will Cisco Beat Estimates Again?
• Neutral Sentiment: Options markets signal elevated uncertainty around earnings, with one report citing an implied move of as much as 15.12%. That points to potential volatility, but not a clear direction. Article: Cisco Systems Could Swing After Earnings
• Negative Sentiment: Some options positioning is described as bearish, and Cisco’s recent technical weakness raises the bar for results. Investors are watching AI orders and margins, while rising costs, competition, and questions about valuation after a strong multiyear run could limit the stock’s upside if results or guidance disappoint. Article: Cisco Earnings Preview: Options Data Bearish Article: Is Cisco Fully Priced?

Cisco Systems Trading Up 2.7%

Shares of NASDAQ CSCO opened at $100.76 on Thursday. Cisco Systems, Inc. has a fifty-two week low of $71.72 and a fifty-two week high of $130.37. The firm has a market capitalization of $397.26 billion, a P/E ratio of 30.17, a P/E/G ratio of 2.02 and a beta of 1.01. 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 company’s 50 day simple moving average is $108.16 and its 200 day simple moving average is $102.00.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. The firm had revenue of $17.25 billion during the quarter, compared to analyst estimates of $16.84 billion. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.99 EPS. On average, analysts predict that Cisco Systems, Inc. will post 4.48 EPS for the current year.

Analyst Upgrades and Downgrades

CSCO has been the subject of several research reports. Freedom Capital raised Cisco Systems from a “hold” rating to a “strong-buy” rating in a research note on Sunday, August 16th. Morgan Stanley lowered Cisco Systems from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $135.00 to $120.00 in a research note on Thursday, November 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Cisco Systems in a report on Wednesday, August 26th. Zacks Research upgraded Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 30th. Finally, Rosenblatt Securities boosted their price objective on Cisco Systems from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $127.87.

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.