Bank of Nova Scotia Has $100.14 Million Holdings in Cisco Systems, Inc. $CSCO

Key Points

• Bank of Nova Scotia increased its Cisco position by 52.4% in the second quarter, adding 293,125 shares to own 852,501 shares valued at approximately $100.14 million. Institutional investors collectively own 73.33% of Cisco’s stock.
• Cisco reported stronger-than-expected quarterly results, with $1.22 in earnings per share and $17.25 billion in revenue, up 17.6% year over year. AI infrastructure demand, including roughly $4 billion in orders, is supporting the company’s growth outlook.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $129.43, though Cisco’s valuation above 32 times earnings and execution risks around converting AI orders into profits could limit upside. The company also declared a quarterly dividend of $0.42 per share, yielding about 1.5%.

Bank of Nova Scotia increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 52.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 852,501 shares of the network equipment provider's stock after buying an additional 293,125 shares during the period. Bank of Nova Scotia's holdings in Cisco Systems were worth $100,135,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MidAtlantic Capital Management Inc. bought a new stake in Cisco Systems in the fourth quarter worth approximately $25,000. Intesa Sanpaolo Wealth Management bought a new position in shares of Cisco Systems during the 4th quarter worth approximately $25,000. Networth Advisors LLC boosted its holdings in shares of Cisco Systems by 276.4% during the 1st quarter. Networth Advisors LLC now owns 335 shares of the network equipment provider's stock worth $26,000 after buying an additional 246 shares in the last quarter. Financial Life Planners acquired a new stake in Cisco Systems in the first quarter worth $27,000. Finally, Manning & Napier Advisors LLC increased its stake in Cisco Systems by 137.0% in the first quarter. Manning & Napier Advisors LLC now owns 346 shares of the network equipment provider's stock valued at $27,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on CSCO. Piper Sandler raised their target price on Cisco Systems from $86.00 to $132.00 and gave the company a "neutral" rating in a research note on Thursday, May 14th. Citigroup boosted their price objective on Cisco Systems from $90.00 to $112.00 and gave the company a "buy" rating in a report on Thursday, May 14th. Truist Financial upped their target price on Cisco Systems from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. Zacks Research cut Cisco Systems from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 4th. Finally, Citic Securities lifted their price target on shares of Cisco Systems from $90.00 to $130.00 in a research report on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, Cisco Systems currently has an average rating of "Moderate Buy" and an average target price of $129.43.

Trending Headlines about Cisco Systems

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

• Positive Sentiment: AI infrastructure orders are supporting Cisco’s growth outlook. Cisco reportedly received approximately $4 billion in AI infrastructure orders during the quarter. Product revenue rose 24% year over year, helping produce record fiscal 2026 results and reinforcing the company’s position as a supplier of networking equipment for AI data centers. Cisco Stock: Buy or Sell?
• Positive Sentiment: Analyst sentiment remains favorable. Recent research updates raised several price targets, including targets of $135 from Morgan Stanley, $140 from Truist Financial, $150 from Bank of America and $165 from Rosenblatt Securities. Cisco has a consensus rating of “Moderate Buy,” suggesting analysts see additional upside if AI-networking demand translates into sustained earnings growth. Cisco Systems Receives a Rating Update
• Positive Sentiment: Streaming infrastructure may provide another growth opportunity. Rising demand for low-latency live video, expanded content-delivery capacity and AI-enabled media workflows could increase demand for Cisco’s networking products among streaming platforms, enterprises and cloud providers. What Could Cisco Systems Gain From The Streaming Infrastructure Boom?
• Neutral Sentiment: An executive sold 5,832 shares valued at approximately $650,000 under a pre-arranged Rule 10b5-1 trading plan. The transaction reduced the executive’s holdings by 4.35%, but the scheduled nature of the sale and substantial remaining ownership lessen its significance as a bearish signal. Cisco Executive SEC Filing
• Negative Sentiment: Valuation and execution risks remain. With Cisco trading at more than 32 times earnings, investors may be concerned that margin pressure, slower recurring-revenue growth or delays in converting AI orders into profits could limit near-term upside.

Cisco Systems Trading Up 1.3%

Shares of Cisco Systems stock opened at $111.04 on Friday. The company has a market capitalization of $437.66 billion, a P/E ratio of 33.25, a price-to-earnings-growth ratio of 2.36 and a beta of 1.02. The stock has a fifty day simple moving average of $116.02 and a 200 day simple moving average of $100.24. Cisco Systems, Inc. has a 12-month low of $66.13 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.

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 for the quarter, beating the consensus estimate of $1.17 by $0.05. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%.The business had revenue of $17.25 billion for the quarter, compared to analysts' expectations of $16.84 billion. During the same period last year, the business earned $0.99 EPS. The business's revenue was up 17.6% on a year-over-year basis. 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. On average, sell-side analysts anticipate that Cisco Systems, Inc. will post 4.51 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

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 given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.68 annualized dividend and a dividend yield of 1.5%. Cisco Systems's dividend payout ratio (DPR) is currently 50.30%.

Insider Transactions at Cisco Systems

In other news, CEO Charles Robbins sold 21,628 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 602,710 shares of the company's stock, valued at $67,226,273.40. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thimaya K. Subaiya sold 7,127 shares of Cisco Systems stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $119.91, for a total value of $854,598.57. Following the sale, the executive vice president owned 140,857 shares in the company, valued at $16,890,162.87. This trade represents a 4.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 53,611 shares of company stock worth $6,066,680. 0.01% of the stock is owned by 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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