Proficio Capital Partners LLC Purchases New Position in Cisco Systems, Inc. $CSCO

Proficio Capital Partners LLC purchased a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 37,359 shares of the network equipment provider’s stock, valued at approximately $4,388,000.

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Cisco Systems in the second quarter valued at $42,129,647,000. State Street Corp raised its stake in Cisco Systems by 0.5% during the fourth quarter. State Street Corp now owns 195,521,161 shares of the network equipment provider’s stock valued at $15,060,995,000 after purchasing an additional 1,057,962 shares in the last quarter. Morgan Stanley raised its stake in Cisco Systems by 0.3% during the fourth quarter. Morgan Stanley now owns 75,326,258 shares of the network equipment provider’s stock valued at $5,802,382,000 after purchasing an additional 206,352 shares in the last quarter. Invesco Ltd. lifted its position in Cisco Systems by 11.6% during the fourth quarter. Invesco Ltd. now owns 59,836,782 shares of the network equipment provider’s stock valued at $4,609,227,000 after purchasing an additional 6,224,062 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Cisco Systems in the 4th quarter worth $4,473,272,000. 73.33% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Oliver Tuszik sold 2,760 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $112.46, for a total value of $310,389.60. Following the completion of the sale, the executive vice president owned 165,276 shares in the company, valued at approximately $18,586,938.96. The trade was a 1.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock in a transaction that occurred 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 in the company, valued at approximately $25,727,261.01. This trade represents a 3.02% 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 three months, insiders sold 53,611 shares of company stock worth $6,066,680. 0.01% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. UBS Group boosted their target price on shares of Cisco Systems from $132.00 to $138.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Evercore lifted their price target on Cisco Systems from $110.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Rosenblatt Securities boosted their price objective on Cisco Systems from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Argus upped their price objective on Cisco Systems from $100.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. 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. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.43.

Cisco Systems News Roundup

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

• Positive Sentiment: Saudi AI expansion strengthens Cisco’s AI growth narrative. Cisco, AMD and Saudi Arabia-based HUMAIN said production AI infrastructure is now live, combining AMD Instinct MI355X GPUs and EPYC CPUs with Cisco Silicon One networking. The partners plan to add up to 250 megawatts of capacity beginning in 2027 and potentially reach 1 gigawatt by 2030, creating a significant long-term opportunity for Cisco’s AI networking business. AMD, Cisco and HUMAIN Expand Saudi Arabia’s AI Infrastructure as AMD Instinct Systems Go Live
• Positive Sentiment: Sovereign infrastructure broadens Cisco’s addressable market. Cisco is also introducing a Sovereign Critical Infrastructure portfolio in Canada for air-gapped, on-premises deployments. These offerings target governments and regulated industries that require strict data residency, security and operational control, potentially supporting higher-value infrastructure sales. How Investors Are Reacting To Cisco Systems Expanding Sovereign AI Infrastructure In Saudi Arabia
• Positive Sentiment: Recent performance and outside commentary remain supportive. Cisco has outperformed the broader telecommunications industry over the past year, while Jim Cramer reiterated a bullish view following the company’s record quarter. These factors may reinforce investor confidence, although they are less material than the company’s operating results and AI bookings. How Is Cisco Systems’ Stock Performance Compared to Other Telecommunications Stocks?
• Neutral Sentiment: Management will meet investors throughout September. Cisco executives are scheduled to participate in Goldman Sachs, Citi, Truist, Piper Sandler and other technology conferences. The meetings could provide updates on AI networking demand, margins and guidance, but no new financial targets were announced.
• Negative Sentiment: Valuation and guidance remain potential constraints. Despite the AI momentum, prior commentary has noted conservative guidance, and the stock’s elevated valuation leaves less room for disappointment if AI-related revenue growth or broader networking demand falls short of expectations. Jim Cramer delivers unmistakable verdict on vital tech giant

Cisco Systems Trading Up 0.5%

CSCO opened at $110.49 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.79 and a current ratio of 0.93. The stock’s 50 day moving average price is $114.99 and its 200-day moving average price is $101.51. Cisco Systems, Inc. has a one year low of $66.13 and a one year high of $130.37. The stock has a market cap of $435.49 billion, a price-to-earnings ratio of 33.08, a P/E/G ratio of 2.16 and a beta of 1.02.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data 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. The company had revenue of $17.25 billion for the quarter, compared to the consensus estimate of $16.84 billion. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%.Cisco Systems’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.99 EPS. 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. On average, equities analysts forecast that Cisco Systems, Inc. will post 4.44 EPS for the current year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, October 2nd. Cisco Systems’s payout ratio is 50.30%.

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.