12,086 Shares in Cisco Systems, Inc. $CSCO Acquired by Canandaigua National Trust Co of Florida

Key Points

• Canandaigua National Trust Co. of Florida acquired 12,086 Cisco shares during the third quarter, valued at approximately $1.3 million. Institutional investors collectively own 73.33% of Cisco’s stock.
• Cisco reported strong quarterly results, with revenue rising 17.6% year over year to $17.25 billion and EPS of $1.22, exceeding analyst estimates. The company also announced a quarterly dividend of $0.42 per share, yielding about 1.4% annually.
• Analysts maintain a generally positive view, with Cisco receiving a “Moderate Buy” consensus rating and an average price target of $128.52. However, some analysts caution that the stock’s valuation may already reflect much of the optimism surrounding AI and networking growth.

Canandaigua National Trust Co of Florida acquired a new position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 12,086 shares of the network equipment provider's stock, valued at approximately $1,301,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Cisco Systems during the 2nd quarter valued at about $42,129,647,000. State Street Corp boosted its holdings in shares of Cisco Systems by 7.0% in the second quarter. State Street Corp now owns 207,106,569 shares of the network equipment provider's stock valued at $25,278,492,000 after acquiring an additional 13,512,872 shares in the last quarter. Invesco Ltd. increased its stake in shares of Cisco Systems by 11.6% during the fourth quarter. Invesco Ltd. now owns 59,836,782 shares of the network equipment provider's stock valued at $4,609,227,000 after acquiring an additional 6,224,062 shares during the period. Auto Owners Insurance Co raised its holdings in Cisco Systems by 8,718.3% during the fourth quarter. Auto Owners Insurance Co now owns 51,952,421 shares of the network equipment provider's stock worth $400,190,000 after purchasing an additional 51,363,281 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in Cisco Systems during the second quarter worth approximately $5,892,379,000. Institutional investors own 73.33% of the company's stock.

Trending Headlines about Cisco Systems

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

• Positive Sentiment: Cisco introduced new agentic collaboration capabilities for Webex, including Claude-powered managed agents that can analyze data, create content and execute tasks using enterprise context. The launch strengthens Cisco’s position in the enterprise AI and collaboration markets. Cisco Unveils New Agentic Collaboration Experiences
• Positive Sentiment: The company also unveiled collaboration technologies and RoomOS 27 updates designed to connect employees, digital teammates and physical workspaces, potentially supporting Webex adoption and recurring software revenue. Cisco Unveils Collaboration Technologies And RoomOS 27
• Positive Sentiment: Supermicro servers entering Cisco’s AI factory channel provide another avenue for Cisco to benefit from rising AI infrastructure demand, adding to recent optimism around AI networking. Cisco Stock Gains 2% as Supermicro Servers Enter Its AI Factory Channel
• Positive Sentiment: Quantum XChange became a Cisco networking marketplace partner, bringing FIPS-validated post-quantum cryptography to Cisco networks. The offering could improve Cisco’s security value proposition as customers prepare for quantum-related threats. Quantum XChange Joins the Cisco Networking App Marketplace
• Neutral Sentiment: Analysts and market coverage continue to focus on Cisco’s sovereign-AI opportunity and the broader expansion of hybrid IT management, but these themes are longer-term catalysts rather than immediate earnings drivers. How to Play CSCO Stock as Cisco Bets on Sovereign AI
• Negative Sentiment: A case for waiting on Cisco stock highlights the risk that its valuation already reflects much of the AI and networking optimism. Investors may want clearer evidence of sustained growth and execution before paying the current premium. What Is The Case For Waiting On Cisco Stock?

Cisco Systems Price Performance

Shares of CSCO traded down $0.55 during trading hours on Wednesday, hitting $117.39. 17,253,924 shares of the company were exchanged, compared to its average volume of 22,548,891. 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 has a market capitalization of $462.82 billion, a PE ratio of 35.15, a PEG ratio of 2.36 and a beta of 0.99. The firm has a fifty day simple moving average of $112.01 and a 200-day simple moving average of $107.16. Cisco Systems, Inc. has a one year low of $66.81 and a one year high of $130.37.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $16.84 billion. During the same period in the previous year, the firm earned $0.99 earnings per share. Cisco Systems'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. As a group, sell-side analysts predict that Cisco Systems, Inc. will post 4.41 earnings per share for the current year.

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd will be paid a $0.42 dividend. The ex-dividend date is Friday, October 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 1.4%. Cisco Systems's payout ratio is 50.30%.

Insider Activity

In related news, EVP Deborah Stahlkopf sold 6,487 shares of the company's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $111.53, for a total value of $723,495.11. Following the completion of the sale, the executive vice president directly owned 167,116 shares in the company, valued at approximately $18,638,447.48. This represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeetendra Patel sold 7,170 shares of the company's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $111.57, for a total value of $799,956.90. Following the sale, the insider owned 230,593 shares of the company's stock, valued at approximately $25,727,261.01. This trade represents a 3.02% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 44,869 shares of company stock valued at $5,005,620. 0.01% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Sanford C. Bernstein began coverage on Cisco Systems in a research report on Wednesday, September 30th. They set a "market perform" rating and a $110.00 price target on the stock. KeyCorp raised their target price on Cisco Systems from $130.00 to $135.00 and gave the company an "overweight" rating in a research note on Thursday, August 13th. Piper Sandler lowered their target price on Cisco Systems from $132.00 to $125.00 and set a "neutral" rating on the stock in a report on Tuesday, September 22nd. Barclays boosted their price target on shares of Cisco Systems from $121.00 to $123.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 13th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Cisco Systems in a report on Wednesday, August 26th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Cisco Systems has an average rating of "Moderate Buy" and an average target price of $128.52.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration, observability and data center solutions. Its products and services help businesses, governments, educational institutions and other organizations connect users and devices, manage infrastructure, protect digital environments and support cloud-based operations.

Cisco's portfolio includes routers and switches, wireless networking equipment, network management software, firewalls, identity and access tools, endpoint security products, collaboration applications and observability platforms.

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