Cisco Systems, Inc. $CSCO Holdings Lowered by Cullen Capital Management LLC

Key Points

• Cullen Capital Management trimmed its Cisco stake by 5.2% in the fourth quarter, though Cisco remains its largest holding at 3.1% of the fund’s portfolio, worth about $287.5 million.
• Cisco reported strong quarterly results, with EPS of $1.06 and revenue of $15.84 billion, both beating estimates. The company also raised guidance for Q4 2026 and FY 2026.
• Several analysts turned more bullish on Cisco, with multiple firms raising price targets and consensus sentiment now at a “Moderate Buy.” Cisco also announced a $0.42 quarterly dividend, yielding about 1.4%.

Cullen Capital Management LLC decreased its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,732,436 shares of the network equipment provider's stock after selling 205,336 shares during the quarter. Cisco Systems makes up 3.1% of Cullen Capital Management LLC's holdings, making the stock its largest position. Cullen Capital Management LLC owned about 0.09% of Cisco Systems worth $287,510,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. MidAtlantic Capital Management Inc. purchased a new position in Cisco Systems during the fourth quarter worth approximately $25,000. Intesa Sanpaolo Wealth Management purchased a new position in Cisco Systems during the fourth quarter worth approximately $25,000. Jessup Wealth Management Inc purchased a new position in Cisco Systems during the fourth quarter worth approximately $29,000. Board of the Pension Protection Fund purchased a new position in Cisco Systems during the fourth quarter worth approximately $31,000. Finally, EQ Wealth Advisors LLC purchased a new position in Cisco Systems during the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 73.33% of the company's stock.

Insider Buying and Selling

In related news, EVP Oliver Tuszik sold 2,607 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $121.12, for a total value of $315,759.84. Following the completion of the sale, the executive vice president owned 172,727 shares of the company's stock, valued at approximately $20,920,694.24. This trade represents a 1.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deborah L. Stahlkopf sold 6,586 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $117.31, for a total value of $772,603.66. Following the completion of the sale, the executive vice president directly owned 177,223 shares of the company's stock, valued at approximately $20,790,030.13. This represents a 3.58% 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 sold a total of 51,636 shares of company stock worth $5,698,459 in the last three months. Company insiders own 0.01% of the company's stock.

Cisco Systems Stock Performance

NASDAQ CSCO opened at $121.10 on Friday. The company has a market cap of $477.31 billion, a PE ratio of 39.32, a price-to-earnings-growth ratio of 3.10 and a beta of 1.01. The stock's 50 day simple moving average is $102.28 and its 200-day simple moving average is $86.50. Cisco Systems, Inc. has a 1-year low of $63.93 and a 1-year high of $130.37. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.92 and a quick ratio of 0.81.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.03. The business had revenue of $15.84 billion for the quarter, compared to the consensus estimate of $15.56 billion. Cisco Systems had a return on equity of 28.44% and a net margin of 20.14%.The business's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 earnings per share. Cisco Systems has set its Q4 2026 guidance at 1.160-1.180 EPS and its FY 2026 guidance at 4.270-4.290 EPS. As a group, equities research analysts anticipate that Cisco Systems, Inc. will post 3.54 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Monday, July 6th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, July 6th. Cisco Systems's dividend payout ratio (DPR) is currently 54.55%.

Wall Street Analyst Weigh In

CSCO has been the topic of a number of recent analyst reports. KeyCorp increased their price target on Cisco Systems from $87.00 to $125.00 and gave the stock an "overweight" rating in a research report on Thursday, May 14th. Citigroup increased their price target on Cisco Systems from $90.00 to $112.00 and gave the stock a "buy" rating in a research report on Thursday, May 14th. HSBC upgraded Cisco Systems from a "hold" rating to a "buy" rating and increased their price target for the stock from $77.00 to $137.00 in a research report on Friday, May 15th. UBS Group increased their price target on Cisco Systems from $95.00 to $132.00 and gave the stock a "buy" rating in a research report on Thursday, May 14th. Finally, BNP Paribas Exane increased their price target on Cisco Systems from $87.00 to $132.00 and gave the stock an "outperform" rating in a research report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Cisco Systems currently has an average rating of "Moderate Buy" and a consensus price target of $120.64.

Key Stories Impacting Cisco Systems

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

• Positive Sentiment: Cisco expanded its AI agentic security portfolio, adding Zero Trust Access for agents and new partnerships aimed at meeting rising enterprise demand for AI protection. Cisco Expands AI Agentic Security Portfolio: What's Ahead in 2026?
• Positive Sentiment: The company also unveiled broader AI security and quantum-safe initiatives, including Cloud Control and Live Protect, reinforcing the view that Cisco is well positioned for secure AI infrastructure spending. Cisco AI Security Push And Quantum Plans Test Investor Expectations
• Positive Sentiment: Morgan Stanley raised its price target on Cisco to $130 from $120 and kept an overweight rating, signaling confidence in further upside. Morgan Stanley price target note
• Positive Sentiment: Technical commentary says Cisco broke above its 20-day moving average, which traders often view as a short-term bullish signal. Cisco Systems (CSCO) Recently Broke Out Above the 20-Day Moving Average
• Neutral Sentiment: Investor and media attention remains elevated, with Cisco among the most searched stocks on Zacks, reflecting continued interest in the name. Investors Heavily Search Cisco Systems, Inc. (CSCO): Here is What You Need to Know
• Negative Sentiment: EVP Oliver Tuszik sold 2,607 shares in a pre-arranged 10b5-1 transaction, a routine insider sale that may modestly pressure sentiment. SEC Form 4 filing

Cisco Systems 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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