Allspring Global Investments Holdings LLC Acquires 99,089 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Allspring Global Investments increased its Cisco stake by 12.2% in the third quarter, buying 99,089 shares and bringing its holdings to 914,587 shares, valued at about $99.5 million.
• Institutional investors and hedge funds own 73.33% of Cisco’s shares; several large investment managers also reported significant positions or increased holdings.
• Cisco’s latest reported quarter beat earnings and revenue estimates, with revenue up 17.6% year over year. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $127.87.

Allspring Global Investments Holdings LLC boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 12.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 914,587 shares of the network equipment provider's stock after acquiring an additional 99,089 shares during the period. Allspring Global Investments Holdings LLC's holdings in Cisco Systems were worth $99,470,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Cisco Systems in the second quarter valued at approximately $42,129,647,000. State Street Corp lifted its position in Cisco Systems by 7.0% during the second 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 in the last quarter. Bank of America Corp DE acquired a new position in Cisco Systems during the second quarter worth $5,892,379,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Cisco Systems by 2.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 43,450,141 shares of the network equipment provider's stock valued at $5,103,654,000 after buying an additional 1,143,106 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Cisco Systems in the 2nd quarter valued at $4,714,574,000. Institutional investors and hedge funds own 73.33% of the company's stock.

Key Headlines Impacting Cisco Systems

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

• Positive Sentiment: Cisco is expanding its AI-security tools: AI Defense will use Anthropic’s Claude Mythos for adversarial testing of AI applications and agents, alongside new Splunk Agent Observability and Cisco IQ capabilities. The launch could strengthen Cisco’s position as businesses seek ways to secure and monitor AI agents. Cisco AI security announcement
• Positive Sentiment: One analysis suggests Cisco shares could be undervalued by about 15%, offering a potential valuation argument for investors. Cisco valuation analysis
• Neutral Sentiment: The November 12 earnings report is the main near-term catalyst. Investors will look for evidence that AI infrastructure demand supports Cisco’s growth and its stated $7.5 billion AI target; options trading points to expectations of a potentially large post-earnings move. Cisco earnings and options outlook
• Negative Sentiment: Risk appetite remains a headwind: reports cite a roughly 20% decline in CSCO and a $145 billion loss in market value from its peak, while ETFs were net sellers of $64.1 million in shares on November 5. ETF flows for Cisco
• Negative Sentiment: A Morgan Stanley analyst reportedly moved Cisco to Equal-weight, adding to caution ahead of results. Investors may also be wary if earnings fail to reassure the market about AI-related demand. Cisco earnings expectations and AI concerns

Insider Transactions at Cisco Systems

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

Cisco Systems Stock Up 5.1%

Shares of NASDAQ:CSCO opened at $98.65 on Tuesday. The business has a 50-day moving average price of $108.59 and a 200 day moving average price of $101.75. The company has a current ratio of 0.93, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $388.94 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 2.16 and a beta of 1.01. Cisco Systems, Inc. has a 12-month low of $71.10 and a 12-month high of $130.37.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.05. The firm had revenue of $17.25 billion for 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%. Cisco Systems's revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 EPS. 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. Sell-side analysts expect that Cisco Systems, Inc. will post 4.42 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, October 2nd. Cisco Systems's dividend payout ratio is currently 50.30%.

Wall Street Analysts Forecast Growth

CSCO has been the subject of a number of recent research reports. UBS Group raised their target price on Cisco Systems from $132.00 to $138.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Wells Fargo & Company boosted their price target on shares of Cisco Systems from $130.00 to $150.00 and gave the company an "overweight" rating in a research report on Thursday, August 13th. Piper Sandler dropped their price objective on shares of Cisco Systems from $132.00 to $125.00 and set a "neutral" rating for the company in a report on Tuesday, September 22nd. KeyCorp raised their price objective on shares of Cisco Systems from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Thursday, August 13th. Finally, Freedom Capital raised shares of Cisco Systems from a "hold" rating to a "strong-buy" rating in a research note on Sunday, August 16th. Three research 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, the stock has an average rating of "Moderate Buy" and an average 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.

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