5,074 Cisco Systems, Inc. $CSCO Shares Sold by Convergence Financial LLC

Convergence Financial LLC lessened its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 54.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 4,324 shares of the network equipment provider’s stock after selling 5,074 shares during the period. Convergence Financial LLC’s holdings in Cisco Systems were worth $465,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CSCO. Conning Inc. increased its position in shares of Cisco Systems by 21.2% during the third quarter. Conning Inc. now owns 374,359 shares of the network equipment provider’s stock worth $40,292,000 after buying an additional 65,355 shares during the period. Victory Financial Group LLC lifted its holdings in Cisco Systems by 22.3% in the third quarter. Victory Financial Group LLC now owns 12,222 shares of the network equipment provider’s stock valued at $1,316,000 after buying an additional 2,232 shares during the period. Generali Asset Management SPA SGR lifted its holdings in Cisco Systems by 5.0% in the third quarter. Generali Asset Management SPA SGR now owns 177,594 shares of the network equipment provider’s stock valued at $19,114,000 after buying an additional 8,418 shares during the period. John Boyer Inc. acquired a new position in Cisco Systems in the third quarter valued at $59,000. Finally, MADDEN SECURITIES Corp bought a new stake in Cisco Systems during the third quarter valued at $152,000. Institutional investors and hedge funds 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: AI networking demand remains a key growth driver. Rising hyperscaler spending and Cisco’s expanding networking portfolio could help it compete more effectively with Arista Networks and Hewlett Packard Enterprise. Cisco Gains From AI Networking Boom
• Positive Sentiment: Security and AI-agent protection initiatives strengthen Cisco’s strategic positioning. The company is promoting AI security, quantum-safe capabilities and Project Quarry, an open-source tool designed to detect rogue AI agents—areas that could support demand as enterprises deploy more AI. Cisco Open Sources Project Quarry
• Positive Sentiment: Analyst expectations remain favorable. Cisco has outperformed the broader market recently, and the reported consensus price target of $128.52 implies further upside from recent trading levels. Cisco Consensus Price Target
• Neutral Sentiment: Earnings are the next major catalyst. A preview noted a positive analyst outlook ahead of Cisco’s report. Investors may be waiting for updated guidance and evidence that AI-related orders are translating into sustained revenue and margin growth. Earnings Preview: What to Expect From Cisco’s Report
• Negative Sentiment: Competitive and valuation concerns may be limiting enthusiasm. Dell’s expanding AI-security capabilities and strong server backlog highlight intensifying competition for AI infrastructure spending, while Cisco’s elevated valuation leaves the stock vulnerable to profit-taking if expectations are not exceeded. Dell Expands AI Security Capabilities
• Negative Sentiment: Recent selling added pressure. ETFs were reported as net sellers of CSCO, and the stock fell more than the broader market without a clearly identified negative company announcement, suggesting investors were reducing exposure or locking in gains ahead of earnings. ETFs Are Net Sellers of Cisco

Insiders Place Their Bets

In related news, EVP Oliver Tuszik sold 680 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $110.18, for a total transaction 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. This represents a 0.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deborah Stahlkopf sold 6,487 shares of the company’s stock in a transaction that occurred on 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 approximately $18,638,447.48. This trade represents a 3.74% 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 sold a total of 44,869 shares of company stock worth $5,005,620 over the last three months. Insiders own 0.01% of the company’s stock.

Cisco Systems Stock Down 1.5%

Shares of NASDAQ CSCO opened at $108.59 on Friday. 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 firm has a market cap of $428.13 billion, a PE ratio of 30.05, a P/E/G ratio of 2.30 and a beta of 0.99. The company’s fifty day simple moving average is $110.10 and its 200 day simple moving average is $100.86. Cisco Systems, Inc. has a 12-month low of $70.54 and a 12-month high of $130.37.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.05. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The firm had revenue of $17.25 billion during the quarter, compared to the consensus estimate of $16.84 billion. During the same period in the previous year, the firm posted $0.99 earnings per share. The business’s revenue was up 17.6% compared to the same quarter last year. 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. As a group, sell-side analysts forecast that Cisco Systems, Inc. will post 4.42 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd were paid a $0.42 dividend. The ex-dividend date was 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 currently 50.30%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CSCO shares. Zacks Research upgraded Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 30th. Rosenblatt Securities boosted their price objective on Cisco Systems from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Freedom Capital upgraded Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 16th. Barclays raised their target price on Cisco Systems from $121.00 to $123.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Finally, KeyCorp lifted their target price on Cisco Systems from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average 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.