Cisco Systems, Inc. $CSCO Stock: Leelyn Smith LLC Reduces Position

Leelyn Smith LLC lowered its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 76.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,213 shares of the network equipment provider’s stock after selling 35,806 shares during the period. Leelyn Smith LLC’s holdings in Cisco Systems were worth $1,207,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CSCO. Halbert Hargrove Global Advisors LLC increased its stake in shares of Cisco Systems by 142.5% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 257 shares of the network equipment provider’s stock worth $28,000 after purchasing an additional 151 shares in the last quarter. Kings Path Partners LLC acquired a new position in shares of Cisco Systems during the 3rd quarter worth approximately $31,000. Blueline Advisors LLC purchased a new stake in Cisco Systems in the 3rd quarter valued at approximately $32,000. GK Wealth Management LLC purchased a new stake in Cisco Systems in the 3rd quarter valued at approximately $37,000. Finally, Manning & Napier Advisors LLC lifted its stake in Cisco Systems by 137.0% in the 1st quarter. Manning & Napier Advisors LLC now owns 346 shares of the network equipment provider’s stock valued at $27,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CSCO. Wells Fargo & Company raised their price target on Cisco Systems from $130.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Rosenblatt Securities upped their price objective on Cisco Systems from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Truist Financial increased their price objective on Cisco Systems from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. UBS Group boosted their target price on shares of Cisco Systems from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Cisco Systems in a report on Tuesday, September 1st. They issued a “buy” rating and a $135.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Cisco Systems currently has an average rating of “Moderate Buy” and an average target price of $127.87.

Insider Activity at Cisco Systems

In related news, EVP Oliver Tuszik sold 680 shares of Cisco Systems stock in a transaction on Monday, September 14th. The stock was sold at an average price of $110.18, for a total value of $74,922.40. Following the transaction, the executive vice president owned 163,337 shares in the company, valued at approximately $17,996,470.66. This trade represents a 0.41% decrease in their ownership of the stock. The sale was disclosed in a legal 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, insider Jeetendra I. Patel sold 7,170 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $111.57, for a total value of $799,956.90. Following the sale, the insider directly owned 230,593 shares of the company’s stock, valued at approximately $25,727,261.01. This trade represents a 3.02% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 44,869 shares of company stock worth $5,005,620. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Trading Down 2.0%

Shares of CSCO stock opened at $93.85 on Friday. The firm’s 50-day simple moving average is $108.82 and its 200-day simple moving average is $101.63. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.79. Cisco Systems, Inc. has a 1-year low of $70.54 and a 1-year high of $130.37. The firm has a market cap of $370.01 billion, a P/E ratio of 28.10, a PEG ratio of 1.95 and a beta of 1.01.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 earned $0.99 earnings per share. Cisco Systems’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, equities analysts forecast that Cisco Systems, Inc. will post 4.42 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd were paid 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 1.8%. Cisco Systems’s payout ratio is currently 50.30%.

Trending Headlines about Cisco Systems

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

• Positive Sentiment: Cisco was named a leader in ABI Research’s open line systems ranking for data-center interconnects, a market benefiting from AI-driven data-center expansion. Article: Ciena, Nokia, and Cisco Named Leaders in ABI Research’s Open Line Systems Ranking
• Positive Sentiment: New partner and cloud offerings—including AI-focused tools and expanded partner incentives—could support recurring software and services revenue. Separately, Spectrum Business introduced a managed Cisco secure-networking service aimed at AI-oriented enterprise workloads. Article: How Investors Are Reacting To Cisco Stock After Analyst Downgrade Article: Cisco Expands Into Managed Secure Networking
• Neutral Sentiment: Cisco’s Q3 earnings are scheduled for November 12. Options traders are pricing in a potentially substantial move around the report, making results and guidance a near-term catalyst. Article: Cisco Set for Near 11% Move After Q3 Earnings, Say Options Traders
• Negative Sentiment: Morgan Stanley cut Cisco from Overweight to Equal Weight and lowered its price target from $135 to $120. The firm warned that faster AI-infrastructure growth could worsen the sales mix and pressure gross margins, weighing on earnings growth in fiscal 2028. Article: Morgan Stanley Downgrades Cisco On AI Impacting Gross Margins
• Negative Sentiment: The downgrade coincided with broad selling in AI-infrastructure and networking stocks. Cisco’s shares also fell below their 200-day moving average, a technical signal that may add to investor caution. Article: Cisco Falls on Morgan Stanley Downgrade and AI Infrastructure Selloff Article: Cisco Stock Price Breaks Below 200-Day Moving Average

About Cisco Systems

Cisco Systems, Inc develops networking, cybersecurity, collaboration and observability technologies for businesses, governments and other organizations. Its products include routers, switches, wireless systems and data center infrastructure, along with security software and services that help organizations connect and protect their networks.

The company also provides collaboration tools through its Webex platform and observability capabilities through its software offerings, including technology from Splunk, which Cisco acquired in 2024.