Cisco Systems, Inc. $CSCO Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management lowered its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 10.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 129,111 shares of the network equipment provider’s stock after selling 14,840 shares during the quarter. Ritholtz Wealth Management’s holdings in Cisco Systems were worth $13,896,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Cisco Systems during the second quarter worth $42,129,647,000. Bank of America Corp DE acquired a new position in shares of Cisco Systems in the 2nd quarter valued at $5,892,379,000. Bank of New York Mellon Corp acquired a new position in shares of Cisco Systems in the 2nd quarter valued at $4,714,574,000. Deutsche Bank AG bought a new stake in shares of Cisco Systems in the 2nd quarter valued at $1,997,004,000. Finally, State Street Corp increased its position in shares of Cisco Systems by 7.0% in the 2nd quarter. State Street Corp now owns 207,106,569 shares of the network equipment provider’s stock valued at $25,278,492,000 after buying an additional 13,512,872 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Up 2.7%

Shares of CSCO stock opened at $100.76 on Thursday. The firm has a fifty day moving average of $108.16 and a 200-day moving average of $102.00. The company has a quick ratio of 0.79, a current ratio of 0.93 and a debt-to-equity ratio of 0.39. Cisco Systems, Inc. has a 12-month low of $71.72 and a 12-month high of $130.37. The company has a market capitalization of $397.26 billion, a price-to-earnings ratio of 30.17, a P/E/G ratio of 2.02 and a beta of 1.01.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. The business had revenue of $17.25 billion for 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 firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period last year, the business posted $0.99 earnings per share. As a group, equities research analysts predict that Cisco Systems, Inc. will post 4.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CSCO has been the topic of several research analyst reports. Truist Financial raised their price objective on Cisco Systems from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Morgan Stanley cut Cisco Systems from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $135.00 to $120.00 in a research note on Thursday, November 5th. Zacks Research upgraded Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 30th. Sanford C. Bernstein started coverage on Cisco Systems in a research report on Wednesday, September 30th. They set a “market perform” rating and a $110.00 price target on the stock. Finally, Barclays lifted their price objective on Cisco Systems from $121.00 to $123.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $127.87.

Insider Transactions at Cisco Systems

In other Cisco Systems news, insider Jeetendra I. Patel sold 7,170 shares of Cisco Systems stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $111.57, for a total value of $799,956.90. Following the sale, the insider owned 230,593 shares of the company’s stock, valued at $25,727,261.01. This trade represents a 3.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 2,760 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were 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. This trade represents a 1.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 44,869 shares of company stock worth $5,005,620. Company insiders own 0.01% of the company’s stock.

Cisco Systems News Summary

These are some of the CSCO news items that stood out recently:

• 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?
• 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
• Negative Sentiment: Some options positioning is described as bearish, and Cisco’s recent technical weakness raises the bar for results. Investors are watching AI orders and margins, while rising costs, competition, and questions about valuation after a strong multiyear run could limit the stock’s upside if results or guidance disappoint. Article: Cisco Earnings Preview: Options Data Bearish Article: Is Cisco Fully Priced?

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.