Elite Wealth Management Inc. Acquires 17,136 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Elite Wealth Management increased its Cisco stake by 249.6% in the third quarter, adding 17,136 shares to reach 24,002 shares valued at about $2.58 million.
• Institutional investors own 73.33% of Cisco’s shares. Morgan Stanley downgraded the stock to Equal Weight and cut its price target to $120, citing potential gross-margin pressure from AI-infrastructure growth.
• Cisco’s AI-related networking and managed-security offerings could support growth, while its November 12 earnings report is a near-term catalyst; options traders anticipate a potentially large share-price move.

Elite Wealth Management Inc. grew its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 249.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,002 shares of the network equipment provider's stock after acquiring an additional 17,136 shares during the period. Elite Wealth Management Inc.'s holdings in Cisco Systems were worth $2,583,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CSCO. BlackRock Inc. bought a new position in shares of Cisco Systems in the second quarter worth about $42,129,647,000. State Street Corp lifted its position in shares of Cisco Systems by 7.0% during the 2nd quarter. State Street Corp now owns 207,106,569 shares of the network equipment provider's stock valued at $25,278,492,000 after buying an additional 13,512,872 shares in the last quarter. Bank of America Corp DE bought a new position in shares of Cisco Systems during the 2nd quarter valued at approximately $5,892,379,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Cisco Systems by 2.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 43,450,141 shares of the network equipment provider's stock valued at $5,103,654,000 after acquiring an additional 1,143,106 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in shares of Cisco Systems during the 2nd quarter valued at approximately $4,714,574,000. Hedge funds and other institutional investors own 73.33% of the company's stock.

More Cisco Systems News

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

• Positive Sentiment: Cisco was named a leader in ABI Research’s open line systems ranking for data-center interconnects, a market benefiting from AI-driven data-center expansion. Article: Ciena, Nokia, and Cisco Named Leaders in ABI Research’s Open Line Systems Ranking
• Positive Sentiment: New partner and cloud offerings—including AI-focused tools and expanded partner incentives—could support recurring software and services revenue. Separately, Spectrum Business introduced a managed Cisco secure-networking service aimed at AI-oriented enterprise workloads. Article: How Investors Are Reacting To Cisco Stock After Analyst Downgrade Article: Cisco Expands Into Managed Secure Networking
• Neutral Sentiment: Cisco’s Q3 earnings are scheduled for November 12. Options traders are pricing in a potentially substantial move around the report, making results and guidance a near-term catalyst. Article: Cisco Set for Near 11% Move After Q3 Earnings, Say Options Traders
• Negative Sentiment: Morgan Stanley cut Cisco from Overweight to Equal Weight and lowered its price target from $135 to $120. The firm warned that faster AI-infrastructure growth could worsen the sales mix and pressure gross margins, weighing on earnings growth in fiscal 2028. Article: Morgan Stanley Downgrades Cisco On AI Impacting Gross Margins
• Negative Sentiment: The downgrade coincided with broad selling in AI-infrastructure and networking stocks. Cisco’s shares also fell below their 200-day moving average, a technical signal that may add to investor caution. Article: Cisco Falls on Morgan Stanley Downgrade and AI Infrastructure Selloff Article: Cisco Stock Price Breaks Below 200-Day Moving Average

Insiders Place Their Bets

In other news, insider Jeetendra I. Patel sold 7,170 shares of the firm's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $111.57, for a total transaction of $799,956.90. Following the completion of the transaction, the insider owned 230,593 shares in the company, valued at $25,727,261.01. This trade represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 680 shares of the firm's stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $110.18, for a total value of $74,922.40. Following the transaction, the executive vice president owned 163,337 shares of the company's stock, valued at approximately $17,996,470.66. The trade was a 0.41% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 44,869 shares of company stock worth $5,005,620. 0.01% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on CSCO shares. Zacks Research upgraded shares of Cisco Systems from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 30th. Weiss Ratings reiterated a "buy (b)" rating on shares of Cisco Systems in a research report on Wednesday, August 26th. Sanford C. Bernstein assumed coverage on shares of Cisco Systems in a research note on Wednesday, September 30th. They issued a "market perform" rating and a $110.00 price objective for the company. Wells Fargo & Company increased their price objective on shares of Cisco Systems from $130.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday, August 13th. Finally, HSBC downgraded shares of Cisco Systems from a "buy" rating to a "hold" rating and decreased their price objective for the company from $137.00 to $120.00 in a research report on Friday, August 14th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $127.87.

Cisco Systems Price Performance

Shares of CSCO opened at $93.85 on Monday. The business's 50 day moving average is $108.82 and its 200 day moving average is $101.63. The company has a current ratio of 0.93, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39. Cisco Systems, Inc. has a 12-month low of $70.54 and a 12-month high of $130.37. The company has a market capitalization of $370.01 billion, a PE ratio of 28.10, a price-to-earnings-growth ratio of 1.95 and a beta of 1.01.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.17 by $0.05. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The business had revenue of $17.25 billion during the quarter, compared to analyst estimates of $16.84 billion. During the same period last year, the firm posted $0.99 EPS. The company's revenue was up 17.6% on a year-over-year basis. 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. Research analysts expect that Cisco Systems, Inc. will post 4.42 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, October 2nd. Cisco Systems's payout ratio is currently 50.30%.

Cisco Systems Profile

Cisco Systems, Inc develops networking, cybersecurity, collaboration and observability technologies for businesses, governments and other organizations. Its products include routers, switches, wireless systems and data center infrastructure, along with security software and services that help organizations connect and protect their networks.

The company also provides collaboration tools through its Webex platform and observability capabilities through its software offerings, including technology from Splunk, which Cisco acquired in 2024.

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