RFG Advisory LLC Increases Stock Holdings in Cisco Systems, Inc. $CSCO

Key Points

• RFG Advisory increased its Cisco stake by 23.3% in the second quarter, bringing its holdings to 73,545 shares valued at approximately $8.64 million. Institutional investors collectively own 73.33% of Cisco’s stock.
• Analysts maintain a positive outlook, with Cisco receiving a consensus “Moderate Buy” rating and an average price target of $129.68; several firms recently raised their targets to between $132 and $150.
• Cisco reported quarterly revenue of $17.25 billion, up 17.6% year over year, and EPS of $1.22, exceeding estimates. The company also declared a quarterly dividend of $0.42 per share, while component shortages remain a potential risk to networking growth.

RFG Advisory LLC boosted its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 23.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,545 shares of the network equipment provider's stock after acquiring an additional 13,914 shares during the period. RFG Advisory LLC's holdings in Cisco Systems were worth $8,639,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. California State Teachers Retirement System boosted its stake in shares of Cisco Systems by 11,624.6% during the 2nd quarter. California State Teachers Retirement System now owns 706,130,053 shares of the network equipment provider's stock valued at $82,942,036,000 after purchasing an additional 700,107,427 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Cisco Systems during the second quarter valued at about $42,129,647,000. Norges Bank bought a new position in Cisco Systems in the fourth quarter worth about $4,473,272,000. Auto Owners Insurance Co lifted its holdings in Cisco Systems by 8,718.3% in the fourth quarter. Auto Owners Insurance Co now owns 51,952,421 shares of the network equipment provider's stock worth $400,190,000 after buying an additional 51,363,281 shares during the period. Finally, Bank of America Corp DE purchased a new stake in Cisco Systems in the second quarter worth about $5,892,379,000. 73.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CSCO has been the topic of a number of research analyst reports. BNP Paribas Exane upped their target price on Cisco Systems from $87.00 to $132.00 and gave the stock an "outperform" rating in a report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft started coverage on Cisco Systems in a research note on Tuesday, September 1st. They issued a "buy" rating and a $135.00 target price for the company. Freedom Capital upgraded Cisco Systems from a "hold" rating to a "strong-buy" rating in a research report on Sunday, August 16th. Evercore increased their price objective on Cisco Systems from $110.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, May 14th. Finally, Bank of America raised their price objective on Cisco Systems from $135.00 to $150.00 and gave the company a "buy" rating in a research report on Monday, June 8th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $129.68.

Cisco Systems Stock Performance

Shares of CSCO opened at $109.17 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.93 and a debt-to-equity ratio of 0.39. The stock has a market cap of $430.29 billion, a P/E ratio of 32.69, a P/E/G ratio of 2.28 and a beta of 1.00. The business's 50 day moving average price is $113.93 and its 200-day moving average price is $102.82. Cisco Systems, Inc. has a 52 week low of $66.13 and a 52 week high of $130.37.

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 for the quarter, beating analysts' consensus estimates of $1.17 by $0.05. The company had revenue of $17.25 billion during 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%.The firm's revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the company earned $0.99 EPS. 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 research analysts anticipate that Cisco Systems, Inc. will post 4.43 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd will be issued a dividend of $0.42 per share. The ex-dividend date is Friday, October 2nd. This represents a $1.68 annualized dividend and a dividend yield of 1.5%. Cisco Systems's dividend payout ratio (DPR) is presently 50.30%.

Trending Headlines about Cisco Systems

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

• Positive Sentiment: AI-related networking demand remains a key potential catalyst. Commentary comparing today’s AI buildout with the internet boom argues that current spending is supported by real infrastructure investment, which could benefit Cisco’s data-center networking and software businesses. Why Today's AI Boom Differs From the Internet Bubble
• Positive Sentiment: Industry data showed campus-switch average selling prices increased 19% in the second quarter of 2026, helping the market return to revenue growth. Higher pricing and continued demand could support Cisco’s sales and margins, although shortages also limited product availability. Market Prices Skyrocket, Driving Campus Switch Market to Growth in 2Q 2026
• Positive Sentiment: Cisco’s recent results provide a favorable fundamental backdrop: revenue rose 17.6% year over year to $17.25 billion, and adjusted earnings of $1.22 per share exceeded estimates. The company also issued fiscal 2027 earnings guidance of $5.05 to $5.11 per share.
• Neutral Sentiment: At the Goldman Sachs Communacopia + Technology Conference, Cisco presented its latest business and technology outlook. The transcript keeps attention on the company’s AI, networking and recurring-revenue strategy, but the supplied report does not identify a major new announcement likely to materially change estimates. Cisco Systems Presents at Goldman Sachs Communacopia + Technology Conference 2026
• Neutral Sentiment: Repeated “buy now” coverage from Zacks reflects increased investor interest, rather than a new corporate catalyst. Cisco’s roughly 33 forward-looking earnings multiple makes continued growth execution important for further upside. Is Trending Stock Cisco Systems a Buy Now?
• Negative Sentiment: Component shortages are limiting campus-switch supply even as prices rise. A similar decline in Ciena shares highlights investor concern that supply constraints could delay industry growth or pressure customer spending, creating a near-term risk for Cisco’s networking outlook. Ciena Stock Down 14% in the Past Month

Insider Transactions at Cisco Systems

In related news, EVP Thimaya Subaiya sold 7,127 shares of the company's stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $119.91, for a total value of $854,598.57. Following the transaction, the executive vice president owned 140,857 shares in the company, valued at $16,890,162.87. The trade was a 4.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 2,760 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $112.46, for a total transaction of $310,389.60. Following the sale, the executive vice president directly owned 165,276 shares in the company, valued at $18,586,938.96. This trade represents a 1.64% 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 53,611 shares of company stock worth $6,066,680 over the last quarter. Corporate insiders own 0.01% of the company's stock.

Cisco Systems Profile

Cisco Systems, Inc is a global technology company that provides networking, cybersecurity, collaboration, observability and other information technology solutions. Its offerings include routers, switches, wireless networking equipment, data center infrastructure, security platforms, unified communications tools and software designed to help organizations connect, manage and protect their digital environments.

Cisco serves businesses, government agencies, educational institutions, telecommunications providers and other organizations worldwide.

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.