Elevation Point Wealth Partners LLC Increases Position in Cisco Systems, Inc. $CSCO

Key Points

• Elevation Point Wealth Partners LLC boosted its stake in Cisco by 87.8% in the third quarter to 43,674 shares, worth about $2.99 million.
• Major institutions hold the bulk of CSCO—Vanguard (~393.99M shares), State Street (~194.7M), Invesco and Norges Bank among others—leaving about 73.33% of the stock owned by hedge funds and institutional investors.
• Cisco beat Q2 revenue ($15.35B) and EPS ($1.04) with hyperscale/cloud AI orders up ~61%, prompting analyst upgrades and a consensus target near $89.55, though insiders sold roughly 75,799 shares (~$5.82M) last quarter.

Elevation Point Wealth Partners LLC lifted its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 87.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,674 shares of the network equipment provider's stock after buying an additional 20,419 shares during the quarter. Elevation Point Wealth Partners LLC's holdings in Cisco Systems were worth $2,988,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Cisco Systems by 1.3% in the second quarter. Vanguard Group Inc. now owns 393,989,568 shares of the network equipment provider's stock valued at $27,334,996,000 after purchasing an additional 5,039,714 shares during the period. State Street Corp lifted its holdings in 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 worth $13,507,956,000 after buying an additional 1,067,872 shares in the last quarter. Norges Bank acquired a new stake in Cisco Systems during the 2nd quarter worth approximately $3,816,825,000. Invesco Ltd. boosted its position in Cisco Systems by 10.5% in 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 buying an additional 5,081,469 shares during the period. Finally, Franklin Resources Inc. grew 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 in the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Michael D. Capellas sold 16,150 shares of Cisco Systems stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $77.28, for a total transaction of $1,248,072.00. Following the transaction, the director directly owned 157,218 shares of the company's stock, valued at $12,149,807.04. The trade was a 9.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kristina M. Johnson sold 13,481 shares of the company's stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $77.13, for a total transaction of $1,039,789.53. Following the completion of the sale, the director directly owned 61,630 shares of the company's stock, valued at $4,753,521.90. The trade was a 17.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 75,799 shares of company stock worth $5,815,306 in the last quarter. 0.01% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CSCO shares. HSBC boosted their target price on Cisco Systems from $74.00 to $77.00 and gave the stock a "hold" rating in a research note on Friday, February 13th. Citigroup boosted their price objective on Cisco Systems from $85.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, February 12th. President Capital cut their target price on shares of Cisco Systems from $90.00 to $88.00 in a research note on Wednesday, December 24th. JPMorgan Chase & Co. lifted their price target on shares of Cisco Systems from $90.00 to $95.00 and gave the stock an "overweight" rating in a research note on Monday, February 9th. Finally, Morgan Stanley boosted their price target on shares of Cisco Systems from $82.00 to $91.00 and gave the stock an "overweight" rating in a report on Wednesday, December 17th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $89.55.

Key Cisco Systems News

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

Cisco Systems Price Performance

Shares of NASDAQ:CSCO opened at $78.33 on Friday. The firm's 50 day moving average is $78.02 and its two-hundred day moving average is $74.50. The firm has a market capitalization of $309.40 billion, a P/E ratio of 27.48, a PEG ratio of 2.96 and a beta of 0.87. 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 52 week low of $52.11 and a 52 week high of $88.18.

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

Cisco Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Thursday, April 2nd will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, April 2nd. This is an increase from Cisco Systems's previous quarterly dividend of $0.41. Cisco Systems's dividend payout ratio is 58.95%.

Cisco Systems 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.

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.