Cisco Systems, Inc. $CSCO Stock: Pictet Asset Management Holding SA Increases Holdings

Pictet Asset Management Holding SA grew its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 9.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,514,823 shares of the network equipment provider’s stock after buying an additional 766,677 shares during the quarter. Cisco Systems comprises 0.9% of Pictet Asset Management Holding SA’s investment portfolio, making the stock its 18th biggest holding. Pictet Asset Management Holding SA’s holdings in Cisco Systems were worth $916,289,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Cisco Systems in the second quarter worth $42,129,647,000. State Street Corp boosted its position in shares of Cisco Systems by 7.0% during the 2nd quarter. State Street Corp now owns 207,106,569 shares of the network equipment provider’s stock worth $25,278,492,000 after purchasing an additional 13,512,872 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Cisco Systems during the 2nd quarter worth $5,892,379,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Cisco Systems by 2.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 43,450,141 shares of the network equipment provider’s stock worth $5,103,654,000 after purchasing an additional 1,143,106 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of Cisco Systems in the 2nd quarter valued at about $4,714,574,000. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on CSCO shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Cisco Systems in a research note on Wednesday, August 26th. Sanford C. Bernstein began coverage on shares of Cisco Systems in a research report on Wednesday, September 30th. They set a “market perform” rating and a $110.00 target price on the stock. Barclays increased their target price on shares of Cisco Systems from $121.00 to $123.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Wells Fargo & Company increased their target price 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, Rosenblatt Securities lifted their price target on shares of Cisco Systems from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $127.87.

Cisco Systems Stock Down 2.0%

Cisco Systems stock opened at $93.85 on Friday. Cisco Systems, Inc. has a fifty-two week low of $70.54 and a fifty-two week high of $130.37. The firm has a market capitalization of $370.01 billion, a price-to-earnings ratio of 28.10, a price-to-earnings-growth ratio of 1.95 and a beta of 1.01. The stock’s fifty day moving average is $108.82 and its two-hundred day moving average is $101.63. 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 (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $16.84 billion. During the same quarter in the previous year, the company posted $0.99 EPS. The business’s revenue was up 17.6% on a year-over-year basis. 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. Analysts predict that Cisco Systems, Inc. will post 4.42 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd were given a dividend of $0.42 per share. The ex-dividend date was Friday, October 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 1.8%. Cisco Systems’s payout ratio is presently 50.30%.

Insider Activity at Cisco Systems

In other news, EVP Oliver Tuszik sold 2,760 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $112.46, for a total value of $310,389.60. Following the sale, the executive vice president directly owned 165,276 shares in the company, valued at $18,586,938.96. This represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $111.57, for a total transaction of $799,956.90. Following the transaction, 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 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. Insiders have sold a total of 44,869 shares of company stock valued at $5,005,620 in the last quarter. 0.01% of the stock is owned by corporate insiders.

Cisco Systems News Roundup

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.