Cisco Systems, Inc. $CSCO Shares Sold by Geode Capital Management LLC

Key Points

• Geode Capital Management trimmed its Cisco stake by 1.4% in the fourth quarter, selling 1.39 million shares but still holding nearly 99.6 million shares worth about $7.66 billion. Cisco remained Geode’s 26th-largest holding.
• Cisco has been getting bullish analyst attention, with Bank of America and Rosenblatt both raising price targets and reiterating Buy ratings. Analysts cited stronger demand tied to AI infrastructure and solid quarterly results/guidance.
• The company recently beat earnings and revenue estimates, reporting $1.06 EPS on $15.84 billion in revenue, and also announced a quarterly dividend of $0.42 per share. Cisco said revenue rose 12% year over year and raised its future guidance.

Geode Capital Management LLC decreased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 99,624,866 shares of the network equipment provider's stock after selling 1,393,438 shares during the quarter. Cisco Systems comprises about 0.5% of Geode Capital Management LLC's investment portfolio, making the stock its 26th largest holding. Geode Capital Management LLC owned about 2.52% of Cisco Systems worth $7,655,278,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Cisco Systems by 6.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,189,645 shares of the network equipment provider's stock valued at $218,236,000 after purchasing an additional 205,043 shares in the last quarter. World Investment Advisors raised its stake in shares of Cisco Systems by 15.4% during the fourth quarter. World Investment Advisors now owns 198,549 shares of the network equipment provider's stock valued at $13,905,000 after purchasing an additional 26,455 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Cisco Systems by 8.9% during the third quarter. Jones Financial Companies Lllp now owns 686,469 shares of the network equipment provider's stock valued at $46,165,000 after purchasing an additional 56,057 shares in the last quarter. Rockland Trust Co. raised its stake in shares of Cisco Systems by 213.8% during the third quarter. Rockland Trust Co. now owns 20,497 shares of the network equipment provider's stock valued at $1,402,000 after purchasing an additional 13,966 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of Cisco Systems by 40.0% during the third quarter. Thrivent Financial for Lutherans now owns 3,490,482 shares of the network equipment provider's stock valued at $238,818,000 after purchasing an additional 997,738 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Key Cisco Systems News

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

• Positive Sentiment: Bank of America raised its price target on Cisco to $135 from $114 and reiterated a Buy rating, citing stronger demand for high-speed optical networking gear tied to AI infrastructure spending. BofA raises Cisco, Ciena targets as AI optics boom accelerates
• Positive Sentiment: Rosenblatt also lifted its price target on Cisco to $150 from $100 and kept a Buy rating after the company’s latest quarterly results, reinforcing optimism around earnings and forward guidance. Rosenblatt Raises its Price Target on Cisco Systems (CSCO)
• Positive Sentiment: Recent coverage continues to frame Cisco as a beneficiary of the AI buildout, with articles highlighting record results and strong momentum in networking demand. AI Buildout Fuels Record Results for These Companies
• Positive Sentiment: Qumulo and Cisco unveiled a new CloudBridge architecture designed to help enterprises extend file workloads into the cloud, which adds to the market’s view that Cisco is benefiting from AI and cloud infrastructure trends. Qumulo and Cisco Deliver Industry-First CloudBridge Architecture...
• Neutral Sentiment: Several momentum-focused articles are spotlighting Cisco as a strong stock pick, but these are largely commentary pieces rather than new business developments. Are You Looking for a Top Momentum Pick? Why Cisco Systems (CSCO) is a Great Choice
• Neutral Sentiment: CEO Charles Robbins sold 21,400 shares under a pre-arranged 10b5-1 plan; while notable, the sale was routine and does not necessarily signal a change in fundamentals. SEC filing

Cisco Systems Stock Performance

CSCO opened at $119.67 on Thursday. The firm has a market cap of $471.67 billion, a PE ratio of 38.85, a P/E/G ratio of 3.60 and a beta of 0.92. The company has a quick ratio of 0.81, a current ratio of 0.92 and a debt-to-equity ratio of 0.40. The business has a fifty day simple moving average of $91.81 and a 200-day simple moving average of $82.58. Cisco Systems, Inc. has a fifty-two week low of $62.30 and a fifty-two week high of $120.79.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings data on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.03. The business had revenue of $15.84 billion during the quarter, compared to analyst estimates of $15.56 billion. Cisco Systems had a return on equity of 28.44% and a net margin of 20.14%.The company's revenue was up 12.0% compared to the same quarter last year. During the same period last year, the company posted $0.96 EPS. 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 analysts predict that Cisco Systems, Inc. will post 3.44 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Monday, July 6th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, July 6th. Cisco Systems's payout ratio is presently 54.55%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CSCO. JPMorgan Chase & Co. lifted their price objective on shares of Cisco Systems from $95.00 to $96.00 in a research note on Monday, May 11th. KeyCorp lifted their target price on Cisco Systems from $87.00 to $125.00 and gave the stock an "overweight" rating in a report on Thursday, May 14th. Citigroup lifted their target price on Cisco Systems from $90.00 to $112.00 and gave the stock a "buy" rating in a report on Thursday, May 14th. CICC Research lifted their target price on Cisco Systems from $96.00 to $125.00 and gave the stock an "outperform" rating in a report on Monday, May 18th. Finally, UBS Group lifted their target price on Cisco Systems from $95.00 to $132.00 and gave the stock a "buy" rating in a report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Cisco Systems presently has an average rating of "Moderate Buy" and an average price target of $119.09.

Insider Activity

In other Cisco Systems news, EVP Oliver Tuszik sold 2,761 shares of the business's stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $114.61, for a total transaction of $316,438.21. Following the sale, the executive vice president owned 180,877 shares in the company, valued at approximately $20,730,312.97. The trade was a 1.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thimaya K. Subaiya sold 1,744 shares of the business's stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $77.07, for a total value of $134,410.08. Following the sale, the executive vice president owned 156,693 shares in the company, valued at approximately $12,076,329.51. The trade was a 1.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 51,324 shares of company stock worth $5,559,834. 0.01% of the stock is owned by company 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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