Asset One Wealth Management LLC Purchases 12,867 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Asset One Wealth Management increased its Cisco stake 121.8% in the third quarter, adding 12,867 shares to hold 23,427 shares valued at about $2.52 million.
• Analyst views were mixed: Morgan Stanley downgraded Cisco to Equal Weight and cut its target to $120, while other firms raised targets; the consensus rating remained “Moderate Buy,” with a $127.87 average target.
• Cisco’s latest reported quarter beat earnings and revenue expectations, with revenue up 17.6% year over year. Investors face a near-term catalyst in the upcoming earnings report, while concerns about AI-related margin pressure and recent share weakness weigh on sentiment.

Asset One Wealth Management LLC lifted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 121.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,427 shares of the network equipment provider's stock after buying an additional 12,867 shares during the quarter. Asset One Wealth Management LLC's holdings in Cisco Systems were worth $2,521,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CSCO. International Assets Investment Management LLC grew its holdings in shares of Cisco Systems by 3.3% during the third quarter. International Assets Investment Management LLC now owns 35,798 shares of the network equipment provider's stock worth $3,893,000 after buying an additional 1,145 shares in the last quarter. Heritage Family Offices LLP lifted its stake in Cisco Systems by 7.9% during the third quarter. Heritage Family Offices LLP now owns 3,513 shares of the network equipment provider's stock worth $378,000 after purchasing an additional 258 shares during the last quarter. Waldron Private Wealth LLC lifted its stake in shares of Cisco Systems by 3.0% in the 3rd quarter. Waldron Private Wealth LLC now owns 122,104 shares of the network equipment provider's stock worth $13,142,000 after acquiring an additional 3,564 shares during the period. Calamos Wealth Management LLC grew its holdings in shares of Cisco Systems by 4.9% during the third quarter. Calamos Wealth Management LLC now owns 27,811 shares of the network equipment provider's stock valued at $2,993,000 after buying an additional 1,308 shares in the last quarter. Finally, Alta Advisers Ltd raised its position in shares of Cisco Systems by 82.3% in the third quarter. Alta Advisers Ltd now owns 28,364 shares of the network equipment provider's stock valued at $3,053,000 after purchasing an additional 12,805 shares during the period. 73.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cisco Systems

In other Cisco Systems news, CEO Charles Robbins sold 21,628 shares of the firm's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $111.54, for a total value of $2,412,387.12. Following the completion of the sale, the chief executive officer owned 602,710 shares of the company's stock, valued at $67,226,273.40. This trade represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeetendra Patel sold 7,170 shares of the firm's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $111.57, for a total value of $799,956.90. Following the completion of the sale, the insider directly owned 230,593 shares of the company's stock, valued at $25,727,261.01. The trade was 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. Insiders have sold 44,869 shares of company stock worth $5,005,620 in the last three months. Corporate insiders own 0.01% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CSCO shares. Morgan Stanley cut Cisco Systems from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $135.00 to $120.00 in a report on Thursday. KeyCorp upped their target price on Cisco Systems from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Thursday, August 13th. UBS Group raised their price target on Cisco Systems from $132.00 to $138.00 and gave the company a "buy" rating in a report on Thursday, August 13th. Truist Financial increased their price target on Cisco Systems from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Finally, Barclays lifted their target price on Cisco Systems from $121.00 to $123.00 and gave the company an "equal weight" rating in a research report on Thursday, August 13th. Three 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's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $127.87.

Key Cisco Systems News

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

• Positive Sentiment: Cisco was named a leader in ABI Research’s open line systems ranking for data-center interconnects, a market benefiting from AI-driven data-center expansion. Article: Ciena, Nokia, and Cisco Named Leaders in ABI Research’s Open Line Systems Ranking
• Positive Sentiment: New partner and cloud offerings—including AI-focused tools and expanded partner incentives—could support recurring software and services revenue. Separately, Spectrum Business introduced a managed Cisco secure-networking service aimed at AI-oriented enterprise workloads. Article: How Investors Are Reacting To Cisco Stock After Analyst Downgrade Article: Cisco Expands Into Managed Secure Networking
• Neutral Sentiment: Cisco’s Q3 earnings are scheduled for November 12. Options traders are pricing in a potentially substantial move around the report, making results and guidance a near-term catalyst. Article: Cisco Set for Near 11% Move After Q3 Earnings, Say Options Traders
• Negative Sentiment: Morgan Stanley cut Cisco from Overweight to Equal Weight and lowered its price target from $135 to $120. The firm warned that faster AI-infrastructure growth could worsen the sales mix and pressure gross margins, weighing on earnings growth in fiscal 2028. Article: Morgan Stanley Downgrades Cisco On AI Impacting Gross Margins
• Negative Sentiment: The downgrade coincided with broad selling in AI-infrastructure and networking stocks. Cisco’s shares also fell below their 200-day moving average, a technical signal that may add to investor caution. Article: Cisco Falls on Morgan Stanley Downgrade and AI Infrastructure Selloff Article: Cisco Stock Price Breaks Below 200-Day Moving Average

Cisco Systems Trading Down 2.0%

Shares of CSCO stock opened at $93.85 on Friday. 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 company has a market capitalization of $370.01 billion, a P/E ratio of 28.10, a P/E/G ratio of 2.12 and a beta of 1.01. The firm has a 50-day moving average price of $108.82 and a 200 day moving average price of $101.63. Cisco Systems, Inc. has a 12-month low of $70.54 and a 12-month high of $130.37.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.05. The firm had revenue of $17.25 billion during the quarter, compared to analysts' expectations of $16.84 billion. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The company's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.99 earnings per share. 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. Research analysts forecast that Cisco Systems, Inc. will post 4.42 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 21st. Investors of record on Friday, October 2nd were issued a $0.42 dividend. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $1.68 annualized dividend and a dividend yield of 1.8%. Cisco Systems's payout ratio is presently 50.30%.

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.

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