Bank Julius Baer & Co. Ltd Zurich Sells 1,048,348 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Bank Julius Baer reduced its Cisco stake by 17.8%, selling 1,048,348 shares in the third quarter and retaining 4.84 million shares worth approximately $520 million. Institutional investors collectively own 73.33% of Cisco.
• Cisco reported stronger-than-expected quarterly results, with EPS of $1.22 and revenue of $17.25 billion, up 17.6% year over year. The company also maintains a quarterly dividend of $0.42 per share, yielding about 1.6%.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $128.52 price target, although company insiders sold 44,869 shares worth approximately $5.0 million during the latest quarter.

Bank Julius Baer & Co. Ltd Zurich trimmed its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 17.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,837,623 shares of the network equipment provider's stock after selling 1,048,348 shares during the period. Cisco Systems makes up 1.3% of Bank Julius Baer & Co. Ltd Zurich's investment portfolio, making the stock its 16th largest holding. Bank Julius Baer & Co. Ltd Zurich owned 0.12% of Cisco Systems worth $520,044,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CSCO. Virtue Capital Management LLC raised its holdings in Cisco Systems by 51.6% in the 3rd quarter. Virtue Capital Management LLC now owns 9,944 shares of the network equipment provider's stock worth $1,070,000 after purchasing an additional 3,386 shares during the period. Columbia Bank boosted its stake in shares of Cisco Systems by 2.4% in the third quarter. Columbia Bank now owns 6,999 shares of the network equipment provider's stock worth $753,000 after acquiring an additional 162 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Cisco Systems during the 3rd quarter valued at approximately $319,320,000. Stevens Capital Partners increased its holdings in Cisco Systems by 27.4% in the 3rd quarter. Stevens Capital Partners now owns 2,390 shares of the network equipment provider's stock valued at $257,000 after acquiring an additional 514 shares during the last quarter. Finally, ProShare Advisors LLC lifted its position in shares of Cisco Systems by 3.6% in the third quarter. ProShare Advisors LLC now owns 4,746,236 shares of the network equipment provider's stock worth $510,837,000 after buying an additional 163,745 shares in the last quarter. Institutional investors own 73.33% of the company's stock.

Insider Activity at Cisco Systems

In other Cisco Systems news, CEO Charles Robbins sold 21,628 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $111.54, for a total value of $2,412,387.12. Following the sale, the chief executive officer owned 602,710 shares in the company, valued at $67,226,273.40. This trade represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deborah L. Stahlkopf sold 6,487 shares of Cisco Systems stock in a transaction on Friday, August 14th. The stock was sold at an average price of $111.53, for a total value of $723,495.11. Following the sale, 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 ownership of the stock. 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 over the last quarter. 0.01% of the stock is owned by insiders.

More Cisco Systems News

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

• Positive Sentiment: AI infrastructure remains a key growth catalyst. Cisco is benefiting from rising hyperscaler demand for networking equipment, while AI workloads, 5G, Wi-Fi 7, and broader connectivity needs support the networking industry’s expansion. Cisco Gains From AI Networking Boom
• Positive Sentiment: Industry research projects the global virtualization-security market will grow from $1.7 billion in 2025 to $4.9 billion by 2032, creating potential demand for Cisco’s security, segmentation, and cloud-native offerings. Virtualization Security Market Report
• Positive Sentiment: Mobile virtualization is projected to reach $21 billion by 2032, with remote work, BYOD, 5G, and tighter data regulations supporting longer-term opportunities for Cisco’s networking and security businesses. Mobile Virtualization Market Report
• Positive Sentiment: Analysts maintain a favorable view ahead of earnings, with a reported consensus price target of $128.52, implying continued confidence in Cisco’s outlook. Cisco Consensus Price Target
• Positive Sentiment: Cisco is experimenting with an AI-assisted rewrite of approximately 98% of its code under a young engineering leader, potentially improving development speed and product productivity, although execution remains unproven. Cisco AI Code Rewrite
• Neutral Sentiment: Cisco’s upcoming report is receiving positive analyst attention after the stock outperformed the broader market, but the preview also raises the bar for results and forward guidance. Cisco Earnings Preview
• Neutral Sentiment: The company’s AI-security and quantum-safe initiatives could strengthen its long-term product portfolio, though the articles provide limited evidence of near-term financial impact. Cisco AI Security and Quantum-Safe Push
• Negative Sentiment: Competitive pressure is increasing: Dell is expanding its AI-security and cyber-resilience capabilities, potentially challenging Cisco in enterprise infrastructure and security markets. Dell Expands AI Security Capabilities
• Negative Sentiment: Recent weakness relative to the broader market suggests investors may be taking profits or demanding stronger earnings and guidance, particularly with CSCO trading at a relatively elevated earnings multiple.

Analyst Ratings Changes

CSCO has been the subject of a number of analyst reports. Rosenblatt Securities increased their price target on shares of Cisco Systems from $150.00 to $165.00 and gave the company a "buy" rating in a report on Thursday, August 13th. Piper Sandler reduced their price objective on Cisco Systems from $132.00 to $125.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 22nd. KeyCorp upped their price objective on Cisco Systems from $130.00 to $135.00 and gave the company an "overweight" rating in a research report on Thursday, August 13th. Freedom Capital raised Cisco Systems from a "hold" rating to a "strong-buy" rating in a research note on Sunday, August 16th. Finally, UBS Group lifted their target price on Cisco Systems from $132.00 to $138.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $128.52.

Cisco Systems Price Performance

CSCO stock opened at $104.51 on Monday. Cisco Systems, Inc. has a 12 month low of $70.54 and a 12 month high of $130.37. 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 50-day moving average price of $110.00 and a 200 day moving average price of $101.01. The stock has a market cap of $412.04 billion, a PE ratio of 31.29, a P/E/G ratio of 2.18 and a beta of 1.01.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 EPS for the quarter, beating the consensus estimate of $1.17 by $0.05. The company had revenue of $17.25 billion for 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 firm's revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. Equities research analysts anticipate that Cisco Systems, Inc. will post 4.42 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 21st. Investors of record on Friday, October 2nd were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, October 2nd. Cisco Systems's dividend payout ratio (DPR) is currently 50.30%.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration and observability solutions for businesses, government organizations and service providers. Its offerings include routers, switches, wireless networking equipment, data-center infrastructure, security software and services, as well as technologies that support cloud and hybrid IT environments.

The company also provides collaboration tools through its Webex portfolio, cloud-managed networking through Cisco Meraki and security and observability capabilities that include technologies from Splunk, which Cisco acquired in 2024.

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