Wedge Capital Management L L P NC Reduces Stock Position in Cisco Systems, Inc. $CSCO

Wedge Capital Management L L P NC trimmed its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 20.7% in the second quarter, Holdings Channel reports. The institutional investor owned 611,892 shares of the network equipment provider’s stock after selling 159,843 shares during the period. Cisco Systems makes up 1.2% of Wedge Capital Management L L P NC’s holdings, making the stock its 22nd biggest holding. Wedge Capital Management L L P NC’s holdings in Cisco Systems were worth $71,873,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CSCO. Cozad Asset Management Inc. boosted its holdings in Cisco Systems by 0.3% in the first quarter. Cozad Asset Management Inc. now owns 26,203 shares of the network equipment provider’s stock valued at $2,033,000 after purchasing an additional 87 shares in the last quarter. Dogwood Wealth Management LLC increased its stake in Cisco Systems by 3.9% in the 2nd quarter. Dogwood Wealth Management LLC now owns 2,413 shares of the network equipment provider’s stock valued at $283,000 after buying an additional 90 shares during the period. Financial Insights Inc. raised its position in Cisco Systems by 1.5% during the 1st quarter. Financial Insights Inc. now owns 6,220 shares of the network equipment provider’s stock worth $483,000 after buying an additional 92 shares during the last quarter. CPA Asset Management Group LLC lifted its stake in shares of Cisco Systems by 1.8% in the 2nd quarter. CPA Asset Management Group LLC now owns 5,335 shares of the network equipment provider’s stock worth $627,000 after acquiring an additional 93 shares during the period. Finally, Southern Financial Group LLC boosted its holdings in shares of Cisco Systems by 1.1% in the first quarter. Southern Financial Group LLC now owns 9,159 shares of the network equipment provider’s stock valued at $711,000 after acquiring an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Down 1.7%

Cisco Systems stock opened at $120.46 on Wednesday. Cisco Systems, Inc. has a fifty-two week low of $65.75 and a fifty-two week high of $130.37. The firm has a market capitalization of $474.79 billion, a price-to-earnings ratio of 39.11, a price-to-earnings-growth ratio of 2.76 and a beta of 1.02. The stock’s fifty day moving average is $117.61 and its two-hundred day moving average is $98.38. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 0.92.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, May 13th. The network equipment provider reported $1.06 EPS for the quarter, topping the consensus estimate of $1.03 by $0.03. The business had revenue of $15.84 billion for the quarter, compared to analyst estimates of $15.56 billion. Cisco Systems had a net margin of 20.14% and a return on equity of 28.44%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.96 EPS. Analysts predict that Cisco Systems, Inc. will post 3.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CSCO shares. The Goldman Sachs Group raised their price objective on shares of Cisco Systems from $116.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. increased their target price on Cisco Systems from $95.00 to $96.00 in a research note on Monday, May 11th. New Street Research raised their price target on Cisco Systems from $82.00 to $122.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. HSBC upgraded Cisco Systems from a “hold” rating to a “buy” rating and lifted their price target for the company from $77.00 to $137.00 in a research note on Friday, May 15th. Finally, Bank of America increased their price objective on Cisco Systems from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Cisco Systems has an average rating of “Moderate Buy” and a consensus target price of $123.14.

Key Cisco Systems News

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

• Positive Sentiment: Analysts expect strong fourth-quarter growth, with consensus estimates calling for approximately $1.17 in adjusted EPS and $16.85 billion in revenue. Investors are looking for evidence that AI infrastructure demand is translating into accelerating orders and sales. Cisco earnings preview
• Positive Sentiment: Cisco’s rollout of personalized AI agents across its roughly 90,000-person workforce, combined with infrastructure investment and specific AI-related revenue targets, reinforces the company’s strategy to monetize artificial intelligence beyond hardware sales. Cisco AI agents and revenue targets
• Positive Sentiment: Recent analyst coverage has highlighted Cisco’s networking momentum and raised the possibility of the shares challenging prior highs if earnings, guidance and AI infrastructure commentary exceed expectations. Cisco also received a 2026 Frost & Sullivan recognition for enterprise communications innovation, supporting its competitive-position narrative. Cisco stock poised for new highs

Insiders Place Their Bets

In other news, CEO Charles Robbins sold 21,400 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $120.03, for a total transaction of $2,568,642.00. Following the completion of the transaction, the chief executive officer directly owned 637,085 shares of the company’s stock, valued at $76,469,312.55. This trade represents a 3.25% 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 Deborah L. Stahlkopf sold 6,586 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $117.31, for a total value of $772,603.66. Following the completion of the sale, the executive vice president directly owned 177,223 shares in the company, valued at approximately $20,790,030.13. The trade was a 3.58% 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 ninety days, insiders sold 47,650 shares of company stock valued at $5,668,823. Corporate insiders own 0.01% of the company’s stock.

About Cisco Systems

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.