Cisco Systems, Inc. $CSCO Stock Position Reduced by Bokf Na

Key Points

• Bokf Na reduced its Cisco position by 8.3% in the third quarter, selling 30,189 shares and retaining 334,210 shares valued at approximately $36.0 million. Institutional investors collectively own 73.33% of Cisco stock.
• Cisco reported better-than-expected quarterly results, with $1.22 in EPS and $17.25 billion in revenue; revenue increased 17.6% year over year. The company also declared a quarterly dividend of $0.42 per share, representing a 1.5% yield.
• Analyst sentiment remains generally positive, with Cisco carrying a “Moderate Buy” consensus rating and an average price target of $128.52, though some firms recently downgraded the stock or lowered their targets. Insiders sold roughly $5.0 million of shares over the past 90 days.

Bokf Na reduced its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 8.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 334,210 shares of the network equipment provider's stock after selling 30,189 shares during the period. Bokf Na's holdings in Cisco Systems were worth $35,971,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Life Planners acquired a new position in shares of Cisco Systems in the first quarter valued at approximately $27,000. Manning & Napier Advisors LLC grew its stake in shares of Cisco Systems by 137.0% in the first 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 in the last quarter. Halbert Hargrove Global Advisors LLC grew its stake in shares of Cisco Systems by 142.5% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 257 shares of the network equipment provider's stock worth $28,000 after acquiring an additional 151 shares in the last quarter. Kings Path Partners LLC acquired a new position in shares of Cisco Systems in the third quarter worth $31,000. Finally, Blueline Advisors LLC purchased a new stake in shares of Cisco Systems during the third quarter worth $32,000. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Jeetendra I. Patel sold 7,170 shares of Cisco Systems stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $111.57, for a total value of $799,956.90. Following the sale, the insider directly owned 230,593 shares in the company, valued at $25,727,261.01. The trade was a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Robbins sold 21,628 shares of the company's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $111.54, for a total transaction of $2,412,387.12. Following the transaction, the chief executive officer directly owned 602,710 shares in the company, valued at approximately $67,226,273.40. This trade represents a 3.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 44,869 shares of company stock worth $5,005,620 over the last 90 days. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Stock Performance

Shares of CSCO stock opened at $110.29 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39. The firm has a fifty day moving average price of $110.14 and a 200 day moving average price of $100.68. The company has a market cap of $434.83 billion, a P/E ratio of 33.02, a PEG ratio of 2.22 and a beta of 0.99. Cisco Systems, Inc. has a 12 month low of $70.54 and a 12 month high of $130.37.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 EPS for the quarter, beating the consensus estimate of $1.17 by $0.05. The firm had revenue of $17.25 billion for the quarter, compared to analyst estimates of $16.84 billion. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%. Cisco Systems's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.99 earnings per share. 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. Sell-side analysts predict 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 was paid on Wednesday, October 21st. Investors of record on Friday, October 2nd were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, October 2nd. Cisco Systems's dividend payout ratio (DPR) is currently 50.30%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CSCO. Piper Sandler reduced their price objective on Cisco Systems from $132.00 to $125.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 22nd. HSBC cut Cisco Systems from a "buy" rating to a "hold" rating and lowered their target price for the stock from $137.00 to $120.00 in a research note on Friday, August 14th. Freedom Capital upgraded Cisco Systems from a "hold" rating to a "strong-buy" rating in a report on Sunday, August 16th. Sanford C. Bernstein began coverage on Cisco Systems in a research report on Wednesday, September 30th. They issued a "market perform" rating and a $110.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Cisco Systems in a research report on Tuesday, September 1st. They issued a "buy" rating and a $135.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Cisco Systems presently has an average rating of "Moderate Buy" and an average price target of $128.52.

Key Headlines Impacting Cisco Systems

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

• Positive Sentiment: Cisco is emphasizing AI security and “quantum-safe” technology as enterprises build out AI infrastructure. The strategy could create additional demand for Cisco’s networking, cybersecurity and observability products. What Is Cisco Signaling With Its AI Security And Quantum Safe Push?
• Positive Sentiment: Cisco President and Chief Product Officer Jeetu Patel said AI-agent safety will be a major technology issue, highlighting security risks that could increase demand for Cisco’s security and infrastructure solutions. AI Agent Safety Will Be the Issue of Our Time
• Positive Sentiment: Cisco open-sourced Project Quarry, a tool designed to detect rogue AI agents. The initiative could strengthen Cisco’s credibility in securing enterprise AI deployments and support future software and security opportunities. Cisco Open Sources Project Quarry to Detect Rogue AI Agents
• Positive Sentiment: Analyst consensus price targets reportedly moved higher, while Cisco’s partner awards and channel activity point to continued customer and reseller engagement. Cisco Systems Consensus Price Target Rises
• Neutral Sentiment: NTT DATA’s global AI Factory expansion may broaden demand for secure networking and AI infrastructure, although the announcement does not identify a specific Cisco contract or near-term revenue contribution. NTT DATA Expands AI Factory Footprint
• Negative Sentiment: Exchange-traded funds were net sellers of Cisco, creating near-term technical pressure independent of the company’s operating outlook. ETFs Are Net Sellers of Cisco
• Negative Sentiment: Investors are questioning whether Cisco’s strong multi-year advance and AI-related optimism are fully supported by future cash flow. A relatively elevated valuation leaves less room for execution disappointments. Can Cisco Stay Cheap as AI Cash Flow Builds?

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration and observability solutions for businesses, government organizations and service providers. Its offerings include routers, switches, wireless networking equipment, data-center infrastructure, security software and services, as well as technologies that support cloud and hybrid IT environments.

The company also provides collaboration tools through its Webex portfolio, cloud-managed networking through Cisco Meraki and security and observability capabilities that include technologies from Splunk, which Cisco acquired in 2024.

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.