Diversified Management Inc. lowered its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 42.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,375 shares of the network equipment provider's stock after selling 12,603 shares during the quarter. Diversified Management Inc.'s holdings in Cisco Systems were worth $2,041,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Cisco Systems by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 398,943,293 shares of the network equipment provider's stock valued at $30,730,602,000 after purchasing an additional 4,049,893 shares in the last quarter. State Street Corp boosted its position in shares of Cisco Systems by 0.5% in the fourth quarter. State Street Corp now owns 195,521,161 shares of the network equipment provider's stock worth $15,060,995,000 after purchasing an additional 1,057,962 shares during the period. Morgan Stanley increased its stake in shares of Cisco Systems by 0.3% in the fourth quarter. Morgan Stanley now owns 75,326,258 shares of the network equipment provider's stock worth $5,802,382,000 after purchasing an additional 206,352 shares in the last quarter. Invesco Ltd. increased its stake in shares of Cisco Systems by 11.6% in the fourth quarter. Invesco Ltd. now owns 59,836,782 shares of the network equipment provider's stock worth $4,609,227,000 after purchasing an additional 6,224,062 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Cisco Systems during the 4th quarter valued at $4,473,272,000. 73.33% of the stock is owned by hedge funds and other institutional investors.
Key Headlines Impacting Cisco Systems
Here are the key news stories impacting Cisco Systems this week:
- Positive Sentiment: Investor expectations remain strong ahead of earnings. Consensus estimates call for approximately $1.17 in adjusted EPS and $16.85 billion in revenue, implying mid-to-high-teen growth in both measures. Analysts have also been raising price targets, reflecting optimism about demand for AI infrastructure and networking equipment. Cisco earnings preview
- Positive Sentiment: Cisco is rolling out personalized AI agents across its approximately 90,000-person workforce, supported by infrastructure investment and specific AI-related revenue targets. The initiative could improve productivity and create new monetization opportunities, although financial benefits will take time to materialize. Cisco AI agents and revenue targets
- Neutral Sentiment: Options activity suggests traders expect a sizable post-earnings move, but Cisco has recently remained in a relatively narrow trading range. This indicates that investors are waiting for clearer guidance on AI demand, margins and the pace of growth before committing to a directional view. Expected Cisco earnings move
- Neutral Sentiment: Market coverage is focused heavily on the upcoming earnings announcement, with comparisons to other AI-networking companies such as Coherent. Cisco’s prior quarter featured earnings and revenue beats, but investors now need evidence that the momentum can continue. Cisco Q4 earnings preview
- Negative Sentiment: Potential headwinds include higher memory costs, competition in networking, and the ongoing cloud transition at Splunk. With CSCO trading near its 52-week high and at a relatively rich earnings multiple, any cautious guidance or evidence of slowing AI-related demand could trigger profit-taking. Cisco buy, sell or hold analysis
Insider Transactions at Cisco Systems
In related news, EVP Thimaya K. Subaiya sold 7,127 shares of the business's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $119.91, for a total value of $854,598.57. Following the sale, the executive vice president directly owned 140,857 shares in the company, valued at approximately $16,890,162.87. The trade was a 4.82% decrease in their ownership of the stock. 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 Oliver Tuszik sold 2,607 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $121.12, for a total value of $315,759.84. Following the transaction, the executive vice president directly owned 172,727 shares of the company's stock, valued at approximately $20,920,694.24. The trade was a 1.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 47,650 shares of company stock valued at $5,668,823. 0.01% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of research firms recently weighed in on CSCO. Barclays lifted their target price on shares of Cisco Systems from $76.00 to $121.00 and gave the company an "equal weight" rating in a research note on Thursday, May 14th. Citigroup raised their price target on Cisco Systems from $90.00 to $112.00 and gave the company a "buy" rating in a report on Thursday, May 14th. Wall Street Zen downgraded Cisco Systems from a "buy" rating to a "hold" rating in a research report on Tuesday, July 28th. Weiss Ratings raised Cisco Systems from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, May 29th. Finally, JPMorgan Chase & Co. increased their target price on Cisco Systems from $95.00 to $96.00 in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, Cisco Systems currently has a consensus rating of "Moderate Buy" and an average target price of $123.14.
Check Out Our Latest Stock Report on Cisco Systems
Cisco Systems Stock Performance
CSCO opened at $120.46 on Wednesday. The stock has a market capitalization of $474.79 billion, a price-to-earnings ratio of 39.11, a PEG ratio of 2.76 and a beta of 1.02. The company has a fifty day moving average of $117.61 and a 200 day moving average of $98.38. Cisco Systems, Inc. has a fifty-two week low of $65.75 and a fifty-two week high of $130.37. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 0.92.
Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings results on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.03. Cisco Systems had a net margin of 20.14% and a return on equity of 28.44%. The company had revenue of $15.84 billion for the quarter, compared to the consensus estimate of $15.56 billion. During the same period in the previous year, the firm posted $0.96 EPS. Cisco Systems's revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Cisco Systems, Inc. will post 3.54 earnings per share for the current fiscal year.
About Cisco Systems
(
Free Report)
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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