Cisco Systems, Inc. $CSCO Shares Sold by Keybank National Association OH

Keybank National Association OH lessened its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.1% during the third quarter, HoldingsChannel reports. The firm owned 1,651,683 shares of the network equipment provider’s stock after selling 18,868 shares during the period. Keybank National Association OH’s holdings in Cisco Systems were worth $177,771,000 as of its most recent SEC filing.

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

Cisco Systems Stock Performance

Shares of CSCO opened at $98.15 on Wednesday. The firm has a market cap of $386.97 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 2.05 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 business’s 50 day moving average is $108.34 and its two-hundred day moving average is $101.87. Cisco Systems, Inc. has a 52-week low of $71.10 and a 52-week high of $130.37.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. The business had revenue of $17.25 billion during the quarter, compared to the consensus estimate 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 last year, the company earned $0.99 earnings per share. Analysts forecast that Cisco Systems, Inc. will post 4.42 EPS for the current fiscal year.

Insider Transactions at Cisco Systems

In other Cisco Systems news, insider Jeetendra I. Patel sold 7,170 shares of the stock in a transaction on 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. This represents a 3.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Robbins sold 21,628 shares of the firm’s 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 transaction, the chief executive officer directly owned 602,710 shares of the company’s stock, valued at approximately $67,226,273.40. This represents a 3.46% 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. Insiders sold a total of 44,869 shares of company stock valued at $5,005,620 over the last ninety days. 0.01% of the stock is currently owned by corporate insiders.

Cisco Systems News Summary

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

• Positive Sentiment: Investors are looking for Cisco’s results to benefit from AI infrastructure demand, hyperscaler investment and networking growth. The report will test whether those trends are translating into orders and revenue. Article: Should You Buy, Sell, or Hold Cisco Systems Stock Before Q1 Earnings?
• Positive Sentiment: Cisco introduced AI security and observability updates, including adding Anthropic’s Claude Mythos to AI Defense for red-teaming AI applications and agents. The products could strengthen its position as companies seek to secure and monitor AI deployments. Article: Cisco Unveils Frontier AI Red Teaming and Agent Observability
• Positive Sentiment: Schurz Broadband Group is deploying Cisco’s 8000 Series routing platform across four operating companies, providing a customer win for its next-generation networking equipment. Article: Schurz Broadband Group Advances its Enterprise Fiber Network with Cisco 8000 Series Routing
• Positive Sentiment: ETFs were net buyers of about $85 million of Cisco shares on November 6, indicating institutional fund demand that may provide some support. Article: 60 ETFs Add to Cisco Holdings
• Neutral Sentiment: The earnings announcement is a near-term catalyst, with options markets implying a potentially large move. Investors will focus on AI-related orders and margins; the outcome could amplify volatility. Article: Cisco Stock Faces a Massive Earnings Test
• Negative Sentiment: Valuation is a concern after a substantial multi-year share-price run: investors are questioning whether Cisco’s current price is justified by its cash-generation outlook. ETF flows were also mixed, with net sales reported on November 5. Article: Is Cisco Systems Fully Priced After Its 104% Run?

Analyst Upgrades and Downgrades

CSCO has been the topic of a number of recent analyst reports. Sanford C. Bernstein assumed coverage on shares of Cisco Systems in a report on Wednesday, September 30th. They issued a “market perform” rating and a $110.00 price objective on the stock. Wall Street Zen cut shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Saturday. Wells Fargo & Company raised their target price on Cisco Systems from $130.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Freedom Capital raised Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 16th. Finally, Truist Financial lifted their target price on Cisco Systems from $125.00 to $140.00 and gave the stock a “buy” rating in a research 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 issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $127.87.

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.