Cisco Systems, Inc. $CSCO Stock: Mechanics Bank Trust Department Raises Holdings

Mechanics Bank Trust Department boosted its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 34.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 69,175 shares of the network equipment provider’s stock after buying an additional 17,643 shares during the quarter. Cisco Systems makes up about 1.0% of Mechanics Bank Trust Department’s holdings, making the stock its 28th biggest position. Mechanics Bank Trust Department’s holdings in Cisco Systems were worth $7,445,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of CSCO. BlackRock Inc. purchased a new position in Cisco Systems during the second quarter worth $42,129,647,000. State Street Corp raised its holdings in shares of 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 worth $25,278,492,000 after acquiring an additional 13,512,872 shares during the last quarter. Invesco Ltd. lifted its position 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 valued at $4,609,227,000 after acquiring an additional 6,224,062 shares in the last quarter. Auto Owners Insurance Co lifted its position 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 in the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of Cisco Systems during the second quarter valued at $5,892,379,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insider Activity

In other news, EVP Deborah L. Stahlkopf sold 6,487 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $111.53, for a total value of $723,495.11. Following the transaction, the executive vice president directly owned 167,116 shares in the company, valued at $18,638,447.48. This trade represents a 3.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 dated 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 transaction, 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 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. Insiders have sold 44,869 shares of company stock valued at $5,005,620 in the last 90 days. 0.01% of the stock is owned by corporate insiders.

Key Headlines Impacting Cisco Systems

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

• Positive Sentiment: AI infrastructure partnership strengthens growth outlook: Cisco and NVIDIA are developing an open, ultra-dense pluggable-optics design supporting 400G-per-lane electrical signals and capacity of up to 12.8Tb/s. The technology is intended to help AI data centers connect more GPUs, increase bandwidth density and reduce networking’s share of power consumption. NVIDIA and Cisco Introduce New Pluggable Optics Form Factor to Scale AI Factories
• Positive Sentiment: Open infrastructure announcements support Cisco’s positioning: At the OCP Global Summit, Cisco introduced new silicon, systems and optical products designed to support large-scale, distributed AI factories while preserving open standards and customer choice. This could expand its opportunity in AI networking and data-center equipment. Cisco Advances Scalability and Openness at OCP 2026
• Positive Sentiment: Analysts point to durable demand drivers: Coverage emphasizes surging AI infrastructure orders, solid networking demand and security growth. Cisco’s prior quarter also showed revenue and earnings above consensus, supporting the case for continued growth. Should You Buy, Sell, or Hold Cisco Stock After a 68% Rise in a Year?
• Neutral Sentiment: Investor attention is elevated: Cisco is among the most-watched stocks on Zacks, though the trending-stock coverage does not provide a new fundamental catalyst. Cisco Systems Is a Trending Stock
• Negative Sentiment: Profit-taking and valuation concerns are weighing on sentiment: After a roughly 68% annual advance, investors may be resetting expectations and questioning whether AI-led growth is nearing a peak. Recent insider activity also shows reported sales without purchases, adding a modest cautionary signal. Why Cisco Systems Stock Is Down

Cisco Systems Trading Down 0.2%

Shares of CSCO traded down $0.27 during mid-day trading on Tuesday, reaching $115.07. The company had a trading volume of 12,319,273 shares, compared to its average volume of 22,350,076. Cisco Systems, Inc. has a fifty-two week low of $66.81 and a fifty-two week high of $130.37. The firm has a fifty day simple moving average of $112.04 and a 200-day simple moving average of $108.45. The stock has a market cap of $453.67 billion, a price-to-earnings ratio of 34.45, a price-to-earnings-growth ratio of 2.46 and a beta of 0.99. 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 (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. The business had revenue of $17.25 billion during the quarter, compared to the consensus estimate of $16.84 billion. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm 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. On average, sell-side analysts anticipate that Cisco Systems, Inc. will post 4.42 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, October 2nd. Cisco Systems’s payout ratio is 50.30%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. HSBC cut Cisco Systems from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $137.00 to $120.00 in a research report on Friday, August 14th. KeyCorp boosted their target price on shares of Cisco Systems from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Truist Financial upped their target price on shares of Cisco Systems from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Zacks Research raised shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 30th. Finally, Barclays raised their price target on shares of Cisco Systems from $121.00 to $123.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $128.52.

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.