King Luther Capital Management Corp Buys 76,213 Shares of Cisco Systems, Inc. $CSCO

King Luther Capital Management Corp lifted its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 11.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 715,838 shares of the network equipment provider’s stock after buying an additional 76,213 shares during the period. King Luther Capital Management Corp’s holdings in Cisco Systems were worth $77,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity at Cisco Systems

In other Cisco Systems 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 completion of the sale, the executive vice president directly owned 163,337 shares of the company’s stock, valued at $17,996,470.66. The trade was a 0.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeetendra Patel sold 7,170 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $111.57, for a total transaction of $799,956.90. Following the completion of the transaction, the insider owned 230,593 shares in the company, valued at $25,727,261.01. This represents 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. Insiders have sold a total of 44,869 shares of company stock worth $5,005,620 over the last ninety days. 0.01% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on CSCO shares. KeyCorp raised their target price 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. Rosenblatt Securities increased their price target on Cisco Systems from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Barclays raised their price target on Cisco Systems from $121.00 to $123.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Sanford C. Bernstein started coverage on shares of Cisco Systems in a research note on Wednesday, September 30th. They set a “market perform” rating and a $110.00 price objective for the company. Finally, Truist Financial boosted their price objective 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. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Cisco Systems presently has a consensus rating of “Moderate Buy” and an average price target of $127.87.

Latest Cisco Systems News

Investors following CSCO have been watching these news items:

• Positive Sentiment: Cisco’s AI growth story received a product boost: the company added Anthropic’s Claude Mythos to its AI Defense framework, with tools for testing AI agents and monitoring AI spending. Investors may view these capabilities as an opportunity to expand enterprise security and AI offerings. Article: What Is Cisco Systems Building With Its New AI Defense Push?
• Positive Sentiment: Analysts’ earnings preview points to strong year-over-year growth, with consensus at $1.32 in earnings per share on $18.11 billion in revenue. A history of earnings surprises and expectations for AI infrastructure, hyperscaler investment, and networking demand add to hopes for a beat. Article: Cisco Earnings Preview Article: Will Cisco Beat Estimates Again?
• Neutral Sentiment: Options markets signal elevated uncertainty around earnings, with one report citing an implied move of as much as 15.12%. That points to potential volatility, but not a clear direction. Article: Cisco Systems Could Swing After Earnings

Cisco Systems Price Performance

CSCO opened at $100.76 on Thursday. 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 business has a fifty day moving average of $108.16 and a 200 day moving average of $102.00. Cisco Systems, Inc. has a 52-week low of $71.72 and a 52-week high of $130.37. The stock has a market cap of $397.26 billion, a P/E ratio of 30.17, a PEG ratio of 2.02 and a beta of 1.01.

Cisco Systems (NASDAQ:CSCO) last issued 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. The firm had revenue of $17.25 billion during the quarter, compared to analyst estimates of $16.84 billion. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The business’s revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 earnings per share. As a group, sell-side analysts anticipate that Cisco Systems, Inc. will post 4.48 EPS for the current year.

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.