Cisco Systems, Inc. $CSCO Stock Bought by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR increased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 5.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 177,594 shares of the network equipment provider’s stock after purchasing an additional 8,418 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Cisco Systems were worth $19,114,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Cisco Systems in the second quarter valued at approximately $42,129,647,000. Bank of America Corp DE acquired a new position in shares of Cisco Systems during the second quarter worth approximately $5,892,379,000. Bank of New York Mellon Corp acquired a new position in shares of Cisco Systems during the second quarter worth approximately $4,714,574,000. Deutsche Bank AG bought a new position in shares of Cisco Systems in the 2nd quarter worth $1,997,004,000. Finally, State Street Corp lifted its holdings in shares of Cisco Systems by 7.0% in the 2nd quarter. State Street Corp now owns 207,106,569 shares of the network equipment provider’s stock worth $25,278,492,000 after purchasing an additional 13,512,872 shares in the last quarter. 73.33% of the stock is owned by institutional investors.

Key Cisco Systems News

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

• Positive Sentiment: AI-focused partner strategy could support growth. Cisco unveiled updates to its Cisco 360 partner program, including ecosystem deal registration, new incentives, broader availability of Cisco IQ, enhanced customer-experience offerings, and AI-ready innovations. The initiatives are intended to help partners capture demand for networking, security, and infrastructure supporting enterprise AI deployments. Cisco Expands Partner Opportunity With New Cisco 360 Program Updates
• Positive Sentiment: Analyst sentiment appears increasingly constructive. A report cited a sharp increase in Cisco’s consensus price target, while other coverage highlighted bullish Wall Street views. This supports the stock’s recent advance, although the reported target is denominated in Chilean pesos and may not be directly comparable with U.S. price targets. Cisco Systems Consensus Price Target Rises
• Positive Sentiment: Partner activity reinforces demand for Cisco’s offerings. Bravo Consulting received Cisco’s Global Influence Revenue Award, while Presidio was recognized for innovation and services excellence. Presidio also integrated Cisco IQ into its technology-lifecycle platform, providing additional evidence of channel engagement with Cisco’s AI-enabled tools. Cisco Expands Partner Opportunity
• Neutral Sentiment: Valuation is now a key investor question. Cisco has gained substantially over the past several years, and investors are assessing whether expected AI-related cash flow can justify the current valuation. The company’s AI partnerships and data-center initiatives are positive catalysts, but execution and cash-flow conversion remain important. Can Cisco Systems Stay Cheap as AI Cash Flow Builds?

Cisco Systems Price Performance

Cisco Systems stock opened at $111.38 on Wednesday. Cisco Systems, Inc. has a 52 week low of $70.54 and a 52 week high of $130.37. The company’s 50 day moving average price is $110.17 and its two-hundred day moving average price is $100.50.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share 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 analysts’ expectations of $16.84 billion. Cisco Systems’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm 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. On average, analysts forecast that Cisco Systems, Inc. will post 4.42 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $1.68 annualized dividend and a dividend yield of 1.5%.

Insider Activity

In related news, EVP Oliver Tuszik sold 680 shares of the business’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 directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deborah Stahlkopf sold 6,487 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $111.53, for a total transaction of $723,495.11. Following the transaction, the executive vice president owned 167,116 shares of the company’s stock, valued at approximately $18,638,447.48. The trade was a 3.74% 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. Over the last quarter, insiders sold 44,869 shares of company stock worth $5,005,620. 0.01% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of Cisco Systems from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. HSBC downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $137.00 to $120.00 in a report on Friday, August 14th. Piper Sandler dropped their price objective on shares of Cisco Systems from $132.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 22nd. KeyCorp lifted their price objective 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. Finally, Barclays upped their target price on shares of Cisco Systems from $121.00 to $123.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Three 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $128.52.

About Cisco Systems

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration and observability solutions for businesses, government organizations and service providers. Its offerings include routers, switches, wireless networking equipment, data-center infrastructure, security software and services, as well as technologies that support cloud and hybrid IT environments.

The company also provides collaboration tools through its Webex portfolio, cloud-managed networking through Cisco Meraki and security and observability capabilities that include technologies from Splunk, which Cisco acquired in 2024.