Cisco Systems, Inc. $CSCO Stock Position Raised by Annex Advisory Services LLC

Annex Advisory Services LLC grew its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 157.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 106,757 shares of the network equipment provider's stock after acquiring an additional 65,300 shares during the quarter. Annex Advisory Services LLC's holdings in Cisco Systems were worth $11,490,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CSCO. Halbert Hargrove Global Advisors LLC grew its position in Cisco Systems by 142.5% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 257 shares of the network equipment provider's stock worth $28,000 after purchasing an additional 151 shares during the last quarter. Blueline Advisors LLC purchased a new stake in shares of Cisco Systems during the third quarter valued at $32,000. Networth Advisors LLC increased its position in shares of Cisco Systems by 276.4% in the 1st quarter. Networth Advisors LLC now owns 335 shares of the network equipment provider's stock valued at $26,000 after acquiring an additional 246 shares during the period. GK Wealth Management LLC purchased a new position in Cisco Systems in the 3rd quarter worth $37,000. Finally, Manning & Napier Advisors LLC lifted its position in Cisco Systems by 137.0% during the 1st quarter. Manning & Napier Advisors LLC now owns 346 shares of the network equipment provider's stock worth $27,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 73.33% of the company's stock.

Analyst Upgrades and Downgrades

CSCO has been the topic of several research analyst reports. HSBC downgraded Cisco Systems from a "buy" rating to a "hold" rating and dropped their price target for the company from $137.00 to $120.00 in a research note on Friday, August 14th. Piper Sandler reduced their price objective on Cisco Systems from $132.00 to $125.00 and set a "neutral" rating for the company in a research note on Tuesday, September 22nd. Sanford C. Bernstein started coverage on Cisco Systems in a report on Wednesday, September 30th. They set a "market perform" rating and a $110.00 target price for the company. Barclays upped their target price on Cisco Systems from $121.00 to $123.00 and gave the company an "equal weight" rating in a research report on Thursday, August 13th. Finally, Wall Street Zen upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating in a report on Sunday, October 11th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Cisco Systems presently has a consensus rating of "Moderate Buy" and an average price target of $128.52.

Cisco Systems News Roundup

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

• Positive Sentiment: AI infrastructure collaboration: Cisco and NVIDIA are developing a 400G optical standard for AI data centers, designed to increase bandwidth density and support an open hardware ecosystem. The initiative could strengthen Cisco’s position in large-scale AI networking. Cisco Backs a New 400G Optical Standard for AI Data Centers
• Positive Sentiment: Strong demand and sales momentum: Cisco’s AI infrastructure spending and campus-network upgrades are supporting demand. Analysts also highlighted the company’s 17.6% year-over-year quarterly sales growth—the fastest pace in roughly a decade—as evidence of improving fundamentals. How Rare Is Cisco’s Record Sales Growth?
• Positive Sentiment: Relative valuation appeal: A comparison with Astera Labs argues that Cisco offers greater potential upside at a lower valuation while benefiting from robust networking demand, though Astera has delivered stronger recent stock performance. ALAB vs. CSCO: Which AI Infrastructure Stock Is a Better Buy?
• Neutral Sentiment: Recurring-revenue question: Investors are assessing whether Cisco can sustain software and support renewals after the current equipment-upgrade cycle slows. Recurring revenue would provide stability, but the articles do not offer new renewal data. Can Software Renewals Outlast the Networking Upgrade Cycle?
• Negative Sentiment: Competitive and headline risks: Arista Networks has outperformed Cisco in AI networking, underscoring competitive concerns. Separately, Cisco’s multimillion-dollar donation to a White House ballroom project could create reputational or political controversy, although it has no direct financial impact disclosed. Nvidia and Cisco Confirm Donations to White House Ballroom

Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Oliver Tuszik sold 2,760 shares of the firm's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $112.46, for a total value of $310,389.60. Following the transaction, the executive vice president owned 165,276 shares in the company, valued at approximately $18,586,938.96. This trade represents a 1.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deborah Stahlkopf sold 6,487 shares of Cisco Systems stock in a transaction on Friday, August 14th. The stock was sold at an average price of $111.53, for a total transaction of $723,495.11. Following the sale, the executive vice president directly owned 167,116 shares in the company, valued at approximately $18,638,447.48. This trade represents a 3.74% 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 44,869 shares of company stock worth $5,005,620 in the last quarter. 0.01% of the stock is owned by insiders.

Cisco Systems Stock Down 2.2%

CSCO stock opened at $107.39 on Friday. The stock has a market capitalization of $423.39 billion, a P/E ratio of 29.93, a P/E/G ratio of 2.29 and a beta of 0.99. Cisco Systems, Inc. has a 52 week low of $68.95 and a 52 week high of $130.37. The firm has a 50-day simple moving average of $111.38 and a 200-day simple moving average of $108.87. The company has a quick ratio of 0.79, a current ratio of 0.93 and a debt-to-equity ratio of 0.39.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, topping 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 company had revenue of $17.25 billion for the quarter, compared to analysts' expectations of $16.84 billion. During the same period in the previous year, the firm posted $0.99 EPS. Cisco Systems's revenue was up 17.6% compared to the same quarter last year. 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. Equities analysts forecast that Cisco Systems, Inc. will post 4.42 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Friday, October 2nd will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, October 2nd. Cisco Systems's payout ratio is presently 50.30%.

Cisco Systems Company 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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