Aquatic Capital Management LLC Acquires New Position in Cisco Systems, Inc. $CSCO

Key Points

• Aquatic Capital Management opened a new position of 469,451 shares in Cisco (~$32.12 million) in the 3rd quarter, joining other large institutions (Vanguard, State Street, Invesco, Norges Bank) and contributing to institutional ownership of 73.33%.
• Cisco reported a beat-and-raise quarter with hyperscale/cloud AI orders up ~61% to $2.1B and lifted AI order expectations, prompting analyst upgrades and a consensus "Moderate Buy" average price target around $89.55.
• Risks remain from margin pressure (higher memory costs and a hardware-heavy mix) and recent insider selling, which could temper near-term EPS growth and investor sentiment despite operational momentum.

Aquatic Capital Management LLC acquired a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 469,451 shares of the network equipment provider's stock, valued at approximately $32,120,000.

Several other hedge funds also recently made changes to their positions in CSCO. Vanguard Group Inc. raised its position in shares of Cisco Systems by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 393,989,568 shares of the network equipment provider's stock valued at $27,334,996,000 after acquiring an additional 5,039,714 shares in the last quarter. State Street Corp boosted its holdings in Cisco Systems by 0.6% in the second quarter. State Street Corp now owns 194,695,250 shares of the network equipment provider's stock worth $13,507,956,000 after purchasing an additional 1,067,872 shares during the period. Norges Bank acquired a new position in Cisco Systems in the second quarter worth $3,816,825,000. Invesco Ltd. increased its stake in Cisco Systems by 10.5% during the third quarter. Invesco Ltd. now owns 53,612,720 shares of the network equipment provider's stock valued at $3,668,182,000 after purchasing an additional 5,081,469 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in Cisco Systems by 4.4% during the third quarter. Franklin Resources Inc. now owns 42,641,483 shares of the network equipment provider's stock valued at $2,917,530,000 after purchasing an additional 1,804,625 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

More Cisco Systems News

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

• Positive Sentiment: Beat-and-raise quarter: Cisco reported record Q2 revenue and EPS, with hyperscale/cloud AI orders up ~61% to $2.1B and management raising annual AI order expectations — a clear near-term revenue catalyst and reason for investor optimism. Article Title
• Positive Sentiment: Analyst upgrades and higher targets: Multiple firms have raised ratings/targets (Evercore, Citi, Argus, etc.), which supports buying interest and helps lift the stock. Article Title
• Positive Sentiment: Product share gains: Dell’Oro reports Cisco edged out competitors for #1 indoor Wi‑Fi 7 revenue share in 2025 thanks to aggressive pricing — supports near-term hardware demand and competitive positioning. Article Title
• Neutral Sentiment: Dividend raise: Cisco bumped its quarterly dividend to $0.42 (annualized $1.68), a modest positive for income buyers but not a major growth signal. Article Title
• Neutral Sentiment: Valuation & pullback debate: Several pieces weigh whether the recent pullback makes CSCO reasonably priced — useful context for entries but mixed impact on immediate direction. Article Title
• Neutral Sentiment: Investor outreach: Management’s conference presentations (e.g., Morgan Stanley) reiterate networking and AI strengths — improves visibility but is informational rather than catalytic. Article Title
• Negative Sentiment: Margin pressure: Management warned of higher memory costs and a hardware-heavy mix that could compress gross margins despite revenue growth — a key risk to near-term EPS expansion. Article Title
• Negative Sentiment: Insider selling: Recent SEC filings show EVP Thimaya Subaiya sold 1,744 shares and SVP Maria Victoria Wong sold 551 shares last week; amounts are small vs. their holdings but can create short-term sentiment headwinds. Form 4 - Subaiya Form 4 - Wong

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CSCO shares. Weiss Ratings restated a "buy (b)" rating on shares of Cisco Systems in a research report on Tuesday, January 27th. Zacks Research upgraded shares of Cisco Systems from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 26th. JPMorgan Chase & Co. raised their target price on shares of Cisco Systems from $90.00 to $95.00 and gave the stock an "overweight" rating in a report on Monday, February 9th. BNP Paribas Exane lifted their target price on Cisco Systems from $86.00 to $87.00 and gave the company an "outperform" rating in a research note on Thursday, February 12th. Finally, President Capital lowered their target price on Cisco Systems from $90.00 to $88.00 in a report on Wednesday, December 24th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $89.55.

Cisco Systems Stock Up 0.8%

Cisco Systems stock opened at $78.33 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 0.96. Cisco Systems, Inc. has a one year low of $52.11 and a one year high of $88.18. The company has a 50-day simple moving average of $78.02 and a 200-day simple moving average of $74.50. The firm has a market capitalization of $309.40 billion, a P/E ratio of 27.48, a P/E/G ratio of 2.96 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its earnings results on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.02 by $0.02. Cisco Systems had a net margin of 19.22% and a return on equity of 27.88%. The firm had revenue of $15.35 billion during the quarter, compared to analyst estimates of $15.11 billion. During the same period in the previous year, the business posted $0.94 EPS. Cisco Systems's revenue was up 9.7% on a year-over-year basis. As a group, equities analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Thursday, April 2nd will be given a dividend of $0.42 per share. This is a boost from Cisco Systems's previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Thursday, April 2nd. Cisco Systems's payout ratio is presently 58.95%.

Insiders Place Their Bets

In related news, CEO Charles Robbins sold 19,545 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $76.00, for a total value of $1,485,420.00. Following the completion of the transaction, the chief executive officer directly owned 671,095 shares of the company's stock, valued at $51,003,220. This represents a 2.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeetendra I. Patel sold 11,248 shares of Cisco Systems stock in a transaction on Friday, February 13th. The shares were sold at an average price of $76.00, for a total value of $854,848.00. Following the sale, the insider directly owned 262,776 shares in the company, valued at $19,970,976. The trade was a 4.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 75,799 shares of company stock worth $5,815,306. 0.01% of the stock is owned by company insiders.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.

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