Cisco Systems, Inc. $CSCO Stock Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC grew its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 21.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 40,646,597 shares of the network equipment provider’s stock after acquiring an additional 7,233,872 shares during the quarter. Cisco Systems comprises 1.3% of Fisher Asset Management LLC’s investment portfolio, making the stock its 24th biggest holding. Fisher Asset Management LLC’s holdings in Cisco Systems were worth $4,374,793,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CSCO. Altar Rock LLC grew its position in Cisco Systems by 6.0% in the 3rd quarter. Altar Rock LLC now owns 1,966 shares of the network equipment provider’s stock valued at $234,000 after buying an additional 111 shares during the last quarter. Private Advisory Group LLC boosted its holdings in shares of Cisco Systems by 9.0% in the third quarter. Private Advisory Group LLC now owns 3,645 shares of the network equipment provider’s stock valued at $392,000 after acquiring an additional 301 shares in the last quarter. Ariadne Wealth Management LP boosted its holdings in shares of Cisco Systems by 11.6% in the third quarter. Ariadne Wealth Management LP now owns 4,928 shares of the network equipment provider’s stock valued at $530,000 after acquiring an additional 514 shares in the last quarter. Tortoise Investment Management LLC raised its holdings in Cisco Systems by 28.6% during the third quarter. Tortoise Investment Management LLC now owns 7,755 shares of the network equipment provider’s stock worth $835,000 after purchasing an additional 1,725 shares in the last quarter. Finally, Everest Financial Group LLC lifted its position in Cisco Systems by 232.2% in the third quarter. Everest Financial Group LLC now owns 17,338 shares of the network equipment provider’s stock valued at $1,866,000 after purchasing an additional 12,119 shares during the period. 73.33% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Cisco Systems

Investors following CSCO have been watching these stories:

• 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

Cisco Systems Price Performance

Shares of NASDAQ:CSCO opened at $102.01 on Friday. The firm has a market capitalization of $402.18 billion, a price-to-earnings ratio of 30.54, a price-to-earnings-growth ratio of 2.07 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 business’s 50 day simple moving average is $108.02 and its 200-day simple moving average is $102.13. Cisco Systems, Inc. has a 12 month low of $72.80 and a 12 month high of $130.37.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Thursday, November 12th. The network equipment provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.07. The firm had revenue of $18.52 billion during the quarter, compared to the consensus estimate 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 last year, the business posted $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. As a group, equities analysts forecast that Cisco Systems, Inc. will post 4.48 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 20th. Investors of record on Monday, January 4th will be given a $0.42 dividend. The ex-dividend date is Monday, January 4th. This represents a $1.68 annualized dividend and a dividend yield of 1.6%. Cisco Systems’s payout ratio is currently 50.30%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Deutsche Bank assumed coverage on Cisco Systems in a research report on Tuesday, September 1st. They set a “buy” rating and a $135.00 target price on the stock. Piper Sandler reduced their price target on Cisco Systems from $132.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, September 22nd. HSBC cut Cisco Systems from a “buy” rating to a “hold” rating and cut their price objective for the stock from $137.00 to $120.00 in a research report on Friday, August 14th. Sanford C. Bernstein started coverage on Cisco Systems in a report on Wednesday, September 30th. They issued a “market perform” rating and a $110.00 target price for the company. Finally, Wells Fargo & Company boosted their target price on shares of Cisco Systems from $130.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $129.14.

Insider Activity

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 312 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 value of $34,376.16. Following the sale, the executive vice president owned 127,661 shares of the company’s stock, valued at $14,065,688.98. This represents a 0.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 680 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $110.18, for a total transaction of $74,922.40. Following the completion of the sale, the executive vice president owned 163,337 shares in the company, valued at $17,996,470.66. This represents a 0.41% 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 sold a total of 6,824 shares of company stock worth $759,392 over the last quarter. Insiders own 0.01% of the company’s stock.

Cisco Systems Company 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.