Sacks & Associates LLC Acquires 11,739 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Sacks & Associates LLC acquired 11,739 Cisco shares worth approximately $1.26 million during the third quarter, making Cisco its 28th-largest holding. Institutional investors collectively own 73.33% of CSCO.
• Cisco reported quarterly EPS of $1.22 and revenue of $17.25 billion, beating analyst expectations, while revenue increased 17.6% year over year. Investor optimism is being supported by AI-networking demand, new AI products and favorable analyst sentiment.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $128.52, but valuation concerns and slowing services growth remain risks. Cisco also declared a quarterly dividend of $0.42 per share, yielding about 1.4% annually.

Sacks & Associates LLC acquired a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,739 shares of the network equipment provider's stock, valued at approximately $1,263,000. Cisco Systems comprises approximately 0.9% of Sacks & Associates LLC's investment portfolio, making the stock its 28th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in CSCO. BlackRock Inc. purchased a new position in Cisco Systems during the 2nd quarter worth approximately $42,129,647,000. State Street Corp lifted its stake in Cisco Systems by 7.0% in the second 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 during the last quarter. Invesco Ltd. lifted its stake in Cisco Systems by 11.6% in the fourth quarter. Invesco Ltd. now owns 59,836,782 shares of the network equipment provider's stock valued at $4,609,227,000 after buying an additional 6,224,062 shares during the last quarter. Auto Owners Insurance Co boosted its holdings in shares of 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 valued at $400,190,000 after acquiring an additional 51,363,281 shares during the period. Finally, Bank of America Corp DE purchased a new position in shares of Cisco Systems during the second quarter worth approximately $5,892,379,000. 73.33% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Cisco Systems

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

• Positive Sentiment: AI networking growth is driving optimism: Cisco is being positioned as a potential leader in AI cloud networking, supported by rising hyperscaler orders, AI infrastructure demand and a solid fiscal 2027 outlook. Buy Cisco Systems as Leader of the AI Cloud Networking Space for 2027
• Positive Sentiment: New AI products expand Cisco’s growth story: The company introduced agentic AI tools for Webex, workplace automation and customer experience, along with Google Meet compatibility for Cisco devices and upcoming RoomOS updates. These initiatives could support longer-term software and collaboration growth. Cisco unveils agentic AI tools across Webex, workplace and CX
• Positive Sentiment: Analyst sentiment remains favorable: Coverage highlights Cisco’s recent momentum, fifth consecutive earnings beat and optimistic average brokerage recommendation, helping reinforce the bullish case for CSCO. Is Cisco a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: Board appointment adds technology expertise: Cisco appointed Girish Rishi to its board, bringing experience in data, AI, product development, supply chain and mergers and acquisitions. The appointment is strategically aligned with Cisco’s AI and networking priorities. Cisco Appoints Girish Rishi to its Board of Directors
• Neutral Sentiment: Revenue growth is concentrated in products: Recent quarterly product revenue rose sharply to $13.459 billion, while services revenue was nearly flat at $3.793 billion. Strong product demand is encouraging, but limited services growth may constrain recurring-revenue expansion. Cisco’s Product Sales Surged. Why Were Services Almost Flat?
• Negative Sentiment: Valuation and cooled momentum remain risks: After a substantial year-to-date advance, recent performance has weakened, while commentary questions whether Cisco’s valuation already reflects much of the AI opportunity. Cisco Could Be Entering a New Growth Phase

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CSCO. KeyCorp lifted their target price on shares of Cisco Systems from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Thursday, August 13th. Morgan Stanley increased their price target on shares of Cisco Systems from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Thursday, August 13th. Truist Financial raised their price objective on shares of Cisco Systems from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. Sanford C. Bernstein began coverage on shares of Cisco Systems in a report on Wednesday, September 30th. They issued a "market perform" rating and a $110.00 target price for the company. Finally, HSBC downgraded shares of Cisco Systems from a "buy" rating to a "hold" rating and decreased their target price for the stock from $137.00 to $120.00 in a research note on Friday, August 14th. Three 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, Cisco Systems presently has a consensus rating of "Moderate Buy" and an average price target of $128.52.

Cisco Systems Price Performance

Shares of NASDAQ CSCO opened at $118.39 on Friday. The stock has a fifty day moving average price of $112.18 and a 200 day moving average price of $107.77. Cisco Systems, Inc. has a 1-year low of $66.81 and a 1-year high of $130.37. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.79. The company has a market cap of $466.76 billion, a PE ratio of 35.45, a P/E/G ratio of 2.39 and a beta of 0.99.

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 the consensus estimate of $1.17 by $0.05. The company had revenue of $17.25 billion for the quarter, compared to analysts' expectations of $16.84 billion. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. Cisco Systems's revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company posted $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. Sell-side analysts forecast that Cisco Systems, Inc. will post 4.42 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, October 2nd. Cisco Systems's payout ratio is 50.30%.

Insider Activity

In related news, EVP Oliver Tuszik sold 2,760 shares of the firm's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $112.46, for a total value of $310,389.60. Following the completion of the sale, the executive vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Robbins sold 21,628 shares of Cisco Systems stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $111.54, for a total value of $2,412,387.12. Following the completion of the sale, the chief executive officer directly owned 602,710 shares in the company, valued at $67,226,273.40. This represents a 3.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 44,869 shares of company stock valued at $5,005,620 over the last ninety days. 0.01% of the stock is currently owned by company insiders.

About Cisco Systems

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration, observability and data center solutions. Its products and services help businesses, governments, educational institutions and other organizations connect users and devices, manage infrastructure, protect digital environments and support cloud-based operations.

Cisco's portfolio includes routers and switches, wireless networking equipment, network management software, firewalls, identity and access tools, endpoint security products, collaboration applications and observability platforms.

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