Cisco Systems, Inc. $CSCO Position Trimmed by Cannell & Spears LLC

Key Points

• Cannell & Spears trimmed its Cisco stake by 11.8% in Q3 to 109,259 shares (about $7.48M), even as major institutions like Vanguard, State Street and Invesco increased their holdings — institutional ownership is 73.33%.
• Insider selling: directors Kristina Johnson and Michael Capellas were among insiders who sold shares, with insiders selling 75,799 shares worth $5.82M in the last 90 days and now owning just 0.01% of Cisco.
• Company outlook and sentiment: Cisco reported a beat-and-raise quarter with hyperscale/cloud AI orders up ~61%, prompting multiple analyst upgrades and a consensus "Moderate Buy" with a $89.55 target, but management warned of potential margin pressure and the company raised its quarterly dividend to $0.42.

Cannell & Spears LLC trimmed its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 11.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 109,259 shares of the network equipment provider's stock after selling 14,591 shares during the quarter. Cannell & Spears LLC's holdings in Cisco Systems were worth $7,476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Cisco Systems by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 393,989,568 shares of the network equipment provider's stock valued at $27,334,996,000 after buying an additional 5,039,714 shares during the period. State Street Corp boosted its stake in shares of Cisco Systems by 0.6% during the 2nd quarter. State Street Corp now owns 194,695,250 shares of the network equipment provider's stock valued at $13,507,956,000 after buying an additional 1,067,872 shares during the period. Norges Bank purchased a new position in shares of Cisco Systems during the 2nd quarter valued at $3,816,825,000. Invesco Ltd. grew its holdings in shares of Cisco Systems by 10.5% during the 3rd quarter. Invesco Ltd. now owns 53,612,720 shares of the network equipment provider's stock valued at $3,668,182,000 after acquiring an additional 5,081,469 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Cisco Systems by 4.4% in the third quarter. Franklin Resources Inc. now owns 42,641,483 shares of the network equipment provider's stock worth $2,917,530,000 after acquiring an additional 1,804,625 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Cisco Systems news, Director Kristina M. Johnson sold 13,481 shares of the firm's stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $77.13, for a total value of $1,039,789.53. Following the sale, the director owned 61,630 shares of the company's stock, valued at $4,753,521.90. This trade represents a 17.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael D. Capellas sold 16,150 shares of the company's stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $77.28, for a total value of $1,248,072.00. Following the transaction, the director owned 157,218 shares of the company's stock, valued at approximately $12,149,807.04. This trade represents a 9.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 75,799 shares of company stock valued at $5,815,306 in the last ninety days. Company insiders own 0.01% of the company's stock.

Cisco Systems News Summary

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

• Positive Sentiment: Beat-and-raise quarter: Cisco reported record Q2 revenue and EPS, with hyperscale/cloud AI orders up ~61% to $2.1B and management raising annual AI order expectations — a clear near-term revenue catalyst and reason for investor optimism. Article Title
• Positive Sentiment: Analyst upgrades and higher targets: Multiple firms have raised ratings/targets (Evercore, Citi, Argus, etc.), which supports buying interest and helps lift the stock. Article Title
• Positive Sentiment: Product share gains: Dell’Oro reports Cisco edged out competitors for #1 indoor Wi‑Fi 7 revenue share in 2025 thanks to aggressive pricing — supports near-term hardware demand and competitive positioning. Article Title
• Neutral Sentiment: Dividend raise: Cisco bumped its quarterly dividend to $0.42 (annualized $1.68), a modest positive for income buyers but not a major growth signal. Article Title
• Neutral Sentiment: Valuation & pullback debate: Several pieces weigh whether the recent pullback makes CSCO reasonably priced — useful context for entries but mixed impact on immediate direction. Article Title
• Neutral Sentiment: Investor outreach: Management’s conference presentations (e.g., Morgan Stanley) reiterate networking and AI strengths — improves visibility but is informational rather than catalytic. Article Title
• Negative Sentiment: Margin pressure: Management warned of higher memory costs and a hardware-heavy mix that could compress gross margins despite revenue growth — a key risk to near-term EPS expansion. Article Title
• Negative Sentiment: Insider selling: Recent SEC filings show EVP Thimaya Subaiya sold 1,744 shares and SVP Maria Victoria Wong sold 551 shares last week; amounts are small vs. their holdings but can create short-term sentiment headwinds. Form 4 - Subaiya Form 4 - Wong

Analyst Ratings Changes

A number of analysts recently issued reports on the company. BNP Paribas Exane lifted their price objective on Cisco Systems from $86.00 to $87.00 and gave the company an "outperform" rating in a research report on Thursday, February 12th. UBS Group upped their target price on Cisco Systems from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Thursday, February 12th. President Capital cut their price target on Cisco Systems from $90.00 to $88.00 in a research note on Wednesday, December 24th. Argus raised Cisco Systems to a "strong-buy" rating in a research note on Friday, February 13th. Finally, Citigroup increased their price objective on Cisco Systems from $85.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, February 12th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $89.55.

Cisco Systems Price Performance

Shares of Cisco Systems stock opened at $78.33 on Friday. The firm has a fifty day simple moving average of $78.02 and a 200-day simple moving average of $74.50. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45. Cisco Systems, Inc. has a 1-year low of $52.11 and a 1-year high of $88.18. The stock has a market capitalization of $309.40 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 2.96 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its earnings results on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.02 by $0.02. The business had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.11 billion. Cisco Systems had a net margin of 19.22% and a return on equity of 27.88%. Cisco Systems's revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business posted $0.94 EPS. On average, sell-side analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Thursday, April 2nd will be paid a $0.42 dividend. The ex-dividend date is Thursday, April 2nd. This is a boost from Cisco Systems's previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.1%. Cisco Systems's dividend payout ratio is presently 58.95%.

About Cisco Systems

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.

Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.