Cisco Systems, Inc. $CSCO Position Lifted by NorthCrest Asset Manangement LLC

Key Points

• NorthCrest Asset Management increased its Cisco position by 26.4% in the third quarter, holding 130,235 shares worth approximately $14.0 million. Institutional investors collectively own 73.33% of Cisco’s stock.
• Cisco is expanding its AI networking strategy through a partnership with NVIDIA, new AI infrastructure products, and the appointment of AI executive Girish Rishi to its board.
• Cisco exceeded quarterly earnings and revenue expectations, while analysts maintain a consensus “Moderate Buy” rating with a $128.52 target price. The company also declared a quarterly dividend of $0.42 per share, though recent insider selling could weigh on sentiment.

NorthCrest Asset Manangement LLC grew its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 26.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 130,235 shares of the network equipment provider's stock after acquiring an additional 27,173 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in Cisco Systems were worth $14,017,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Avior Wealth Management LLC grew its stake in shares of Cisco Systems by 6.7% during the third quarter. Avior Wealth Management LLC now owns 73,125 shares of the network equipment provider's stock valued at $7,870,000 after buying an additional 4,561 shares during the last quarter. Perpetual Ltd lifted its stake in shares of Cisco Systems by 0.3% during the 3rd quarter. Perpetual Ltd now owns 49,237 shares of the network equipment provider's stock worth $5,299,000 after acquiring an additional 157 shares during the last quarter. Vertrix Wealth Management LLC lifted its stake in shares of Cisco Systems by 1.0% during the 3rd quarter. Vertrix Wealth Management LLC now owns 31,493 shares of the network equipment provider's stock worth $3,390,000 after acquiring an additional 304 shares during the last quarter. Sacks & Associates LLC purchased a new position in Cisco Systems during the 3rd quarter valued at $1,263,000. Finally, Gilpin Wealth Management LLC boosted its holdings in Cisco Systems by 2.5% during the 3rd quarter. Gilpin Wealth Management LLC now owns 11,082 shares of the network equipment provider's stock valued at $1,193,000 after acquiring an additional 271 shares during the period. Hedge funds and other institutional investors own 73.33% of the company's stock.

Cisco Systems News Summary

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

• Positive Sentiment: AI networking partnership with NVIDIA: Cisco and NVIDIA are developing an ultra-dense, small-form-factor pluggable optical module supporting 400Gb/s-per-lane electrical signals and up to 12.8Tb/s of capacity. The technology is intended to help AI data centers connect hundreds of thousands of GPUs while improving power efficiency and preserving an open, serviceable Ethernet architecture. NVIDIA, Cisco Collaborate On Ultra-Dense Small Form Factor Pluggable
• Positive Sentiment: Broader AI infrastructure rollout: At the 2026 Open Compute Project summit, Cisco introduced new silicon, systems and optical products designed to support large-scale and distributed AI factories. The announcements could strengthen Cisco’s position in the rapidly expanding AI networking market. Cisco Advances Scalability and Openness at OCP 2026
• Positive Sentiment: AI expertise added to the board: Cisco appointed industrial AI executive Girish Rishi as a director, adding experience in artificial intelligence, data platforms and product development as the company expands its AI strategy. Cisco Adds Girish Rishi To Its Board As AI Push Deepens
• Neutral Sentiment: Mixed institutional positioning: Recent filings showed substantial purchases by several large institutions but reductions by others, suggesting continued interest in CSCO alongside portfolio rebalancing.
• Negative Sentiment: Profit-taking and valuation pressure: Market commentary attributed the decrease primarily to the stock’s substantial prior appreciation, concerns that AI-related growth expectations may be near a peak, and a recent analyst price-target reduction while maintaining a neutral rating. No new earnings release or major negative filing was identified as a clear catalyst. Why Cisco Systems Stock Is Down Today
• Negative Sentiment: Insider selling: Reported open-market activity showed numerous Cisco insiders selling shares and no purchases during the past six months, a potential sentiment headwind, although such transactions can also reflect scheduled or personal financial activity.

Insider Buying and Selling at Cisco Systems

In related news, CEO Charles Robbins sold 21,628 shares of Cisco Systems stock in a transaction dated 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 sale, the chief executive officer directly owned 602,710 shares in the company, valued at $67,226,273.40. The trade was a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 2,760 shares of the company's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $112.46, for a total transaction of $310,389.60. Following the completion of the sale, the executive vice president directly owned 165,276 shares of the company's stock, valued at approximately $18,586,938.96. This trade represents a 1.64% 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. In the last ninety days, insiders have sold 44,869 shares of company stock worth $5,005,620. Insiders own 0.01% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on CSCO. Wells Fargo & Company upped their price objective on Cisco Systems from $130.00 to $150.00 and gave the company an "overweight" rating in a research report on Thursday, August 13th. Rosenblatt Securities lifted their target price on Cisco Systems from $150.00 to $165.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. Zacks Research raised shares of Cisco Systems from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Cisco Systems in a report on Tuesday, September 1st. They issued a "buy" rating and a $135.00 price target on the stock. Finally, Truist Financial raised their price target on shares of Cisco Systems from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, Cisco Systems currently has an average rating of "Moderate Buy" and a consensus target price of $128.52.

Cisco Systems Stock Performance

Cisco Systems stock opened at $115.34 on Tuesday. The company has a 50 day moving average price of $112.17 and a 200-day moving average price of $108.22. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.79 and a current ratio of 0.93. Cisco Systems, Inc. has a fifty-two week low of $66.81 and a fifty-two week high of $130.37. The company has a market capitalization of $454.74 billion, a PE ratio of 34.53, a P/E/G ratio of 2.46 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.17 by $0.05. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%. The firm had revenue of $17.25 billion during the quarter, compared to analyst estimates of $16.84 billion. During the same quarter in the previous year, the business earned $0.99 earnings per share. Cisco Systems's quarterly 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. As a group, equities analysts forecast that Cisco Systems, Inc. will post 4.42 earnings per share for the current year.

Cisco Systems Announces Dividend

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

Cisco Systems Profile

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration, observability and data center solutions. Its products and services help businesses, governments, educational institutions and other organizations connect users and devices, manage infrastructure, protect digital environments and support cloud-based operations.

Cisco's portfolio includes routers and switches, wireless networking equipment, network management software, firewalls, identity and access tools, endpoint security products, collaboration applications and observability platforms.

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