Cisco Systems (NASDAQ:CSCO) Stock Acquired by Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Cisco Systems, Inc. (NASDAQ:CSCO). In a filing disclosed on November 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in Cisco Systems stock on October 20th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of BridgeBio Pharma (NASDAQ:BBIO) on 11/2/2026.
• Purchased $1,001 – $15,000 in shares of argenex (NASDAQ:ARGX) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of Illumina (NASDAQ:ILMN) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of Revvity (NYSE:RVTY) on 10/27/2026.
• Sold $15,001 – $50,000 in shares of PTC (NASDAQ:PTC) on 10/27/2026.
• Purchased $1,001 – $15,000 in shares of BridgeBio Pharma (NASDAQ:BBIO) on 10/27/2026.
• Purchased $1,001 – $15,000 in shares of MACOM Technology Solutions (NASDAQ:MTSI) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of Micron Solutions (OTCMKTS:MICR) on 10/21/2026.
• Sold $1,001 – $15,000 in shares of Ciena (NYSE:CIEN) on 10/21/2026.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 10/21/2026.

Cisco Systems Stock Up 2.7%

Shares of CSCO opened at $100.76 on Thursday. The stock has a market capitalization of $397.26 billion, a price-to-earnings ratio of 30.17, a PEG ratio of 2.02 and a beta of 1.01. The stock has a fifty day moving average of $108.16 and a 200-day moving average of $102.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.79 and a current ratio of 0.93. Cisco Systems, Inc. has a 52 week low of $71.72 and a 52 week high of $130.37.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 EPS for the quarter, beating the consensus estimate of $1.17 by $0.05. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%. The business had revenue of $17.25 billion for the quarter, compared to analysts’ expectations of $16.84 billion. During the same period in the prior year, the business posted $0.99 earnings per share. The firm’s revenue was up 17.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Cisco Systems, Inc. will post 4.48 earnings per share for the current fiscal year.

Cisco Systems News Roundup

Here’s some of the latest news about CSCO:

• Positive Sentiment: AI opportunity: Cisco’s AI networking story is attracting attention ahead of earnings. The company also expanded its AI Defense offering with Anthropic’s Claude Mythos for testing AI agents, alongside tools to monitor AI spending and help resolve issues. Read article
• Positive Sentiment: Institutional demand: ETFs reportedly purchased $83.5 million of CSCO shares on Nov. 10, a near-term sign of buying interest. Read article
• Positive Sentiment: Potential earnings beat: A Zacks analysis cites Cisco’s earnings-surprise history and factors that could support another beat. Consensus for the quarter is about $1.32 in EPS and $18.11 billion in revenue, making results and guidance important catalysts. Read article

Analysts Set New Price Targets

A number of analysts have commented on the stock. Barclays upped their price target on shares of Cisco Systems from $121.00 to $123.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. Truist Financial raised their price target on shares of Cisco Systems from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Wall Street Zen lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Saturday, November 7th. Wells Fargo & Company upped their price objective on shares of Cisco Systems from $130.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Finally, KeyCorp raised their price objective on Cisco Systems from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Cisco Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.87.

Insider Activity

In other news, CEO Charles Robbins sold 21,628 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was 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 of the company’s stock, valued at $67,226,273.40. This trade represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $111.57, for a total value of $799,956.90. Following the completion of the transaction, the insider directly owned 230,593 shares of the company’s stock, valued at $25,727,261.01. The trade was a 3.02% 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. Over the last three months, insiders have sold 44,869 shares of company stock valued at $5,005,620. 0.01% of the stock is currently owned by corporate insiders.

Institutional Trading of Cisco Systems

Several institutional investors and hedge funds have recently modified their holdings of CSCO. Bridgewater Advisors Inc. bought a new position in shares of Cisco Systems during the 2nd quarter worth $6,442,000. Beacon Pointe Advisors LLC bought a new stake in Cisco Systems in the 2nd quarter valued at about $60,009,000. Western Wealth Management LLC raised its stake in Cisco Systems by 60.5% in the 1st quarter. Western Wealth Management LLC now owns 76,372 shares of the network equipment provider’s stock valued at $5,926,000 after acquiring an additional 28,792 shares during the period. ABN AMRO Bank N.V. purchased a new stake in Cisco Systems during the second quarter valued at about $19,114,000. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in Cisco Systems by 24.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 363,506 shares of the network equipment provider’s stock valued at $47,287,000 after purchasing an additional 71,774 shares during the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Cisco Systems Company Profile

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.