Truist Financial Corp Increases Holdings in Cisco Systems, Inc. $CSCO

Posted by Trevor Kearing on Jan 28th, 2026

Truist Financial Corp lifted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 7.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,035,642 shares of the network equipment provider’s stock after acquiring an additional 288,556 shares during the period. Truist Financial Corp owned 0.10% of Cisco Systems worth $276,119,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CSCO. Avantax Advisory Services Inc. lifted its position in Cisco Systems by 1.1% during the second quarter. Avantax Advisory Services Inc. now owns 420,336 shares of the network equipment provider’s stock valued at $29,163,000 after purchasing an additional 4,525 shares during the last quarter. Greystone Financial Group LLC purchased a new position in Cisco Systems in the third quarter worth about $8,563,000. Drive Wealth Management LLC raised its position in Cisco Systems by 2.7% during the second quarter. Drive Wealth Management LLC now owns 16,605 shares of the network equipment provider’s stock valued at $1,152,000 after purchasing an additional 436 shares during the period. CX Institutional lifted its stake in shares of Cisco Systems by 11.0% in the 3rd quarter. CX Institutional now owns 144,336 shares of the network equipment provider’s stock valued at $9,875,000 after purchasing an additional 14,334 shares during the last quarter. Finally, Shell Asset Management Co. raised its holdings in Cisco Systems by 53.3% during the 2nd quarter. Shell Asset Management Co. now owns 77,234 shares of the network equipment provider’s stock valued at $5,358,000 after buying an additional 26,840 shares during the period. Institutional investors own 73.33% of the company’s stock.

Key Headlines Impacting Cisco Systems

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

Positive Sentiment: Evercore ISI upgraded CSCO to “Outperform” and raised its price target to $100, signaling ~27% upside from recent levels and prompting buying interest from investors. Evercore ISI Upgrades Cisco Systems (NASDAQ:CSCO) to “Outperform”
Positive Sentiment: Multiple analysts have lifted targets and upgraded ratings in the past few days, boosting bullish sentiment and liquidity into the name. Higher analyst conviction supports near-term upside. Cisco Systems Trending as Analysts Lift Targets
Positive Sentiment: Cisco launched the “Cisco 360” partner program designed for the AI era, intended to accelerate partner-led sales into AI-ready data centers, workplaces, and security — a strategic move to monetize AI infrastructure demand. Cisco Launches New Cisco 360 Partner Program, Built with Partners for the AI Era
Positive Sentiment: Corporate research from Cisco highlights rising AI-driven spending on privacy, governance and infrastructure — supporting long-term TAM expansion for networking, security and observability products. AI Fuels Surge in Data Privacy Investments and Redefines Governance, Cisco Reports
Neutral Sentiment: Local wins such as Georgetown’s Wi‑Fi 7 overhaul with Cisco underscore product demand and campus networking relevance but are likely incremental to overall revenue trends. Does Georgetown’s Wi‑Fi 7 Overhaul With Cisco (CSCO) Redefine Its Campus AI Networking Edge?
Neutral Sentiment: Reported short-interest data this week appears anomalous (showing zero shares), so it’s not a meaningful immediate signal for squeezes or added pressure.
Neutral Sentiment: Market write-ups and tape headlines (Zacks, Seeking Alpha summaries) note the stock’s recent gains and analyst activity; these amplify momentum but don’t add new fundamentals. Cisco Systems (CSCO) Rises Higher Than Market: Key Facts
Negative Sentiment: CEO Chuck Robbins warned investors to expect “AI carnage” when the bubble bursts, signaling management awareness of volatile demand dynamics that could lead to differentiation among winners and losers and potential multiple compression. Cisco Boss Robbins Warns Investors of “AI Carnage” Ahead as Winners and Losers Emerge
Negative Sentiment: Some bearish analyst/commentary pieces (e.g., Forbes suggesting a sell case and lower-price scenarios) add downside narrative that could temper momentum if macro or AI spending headlines turn negative. Is It Time To Sell Cisco Stock?

Cisco Systems Price Performance

CSCO opened at $78.68 on Wednesday. The company has a market capitalization of $310.87 billion, a price-to-earnings ratio of 29.58, a PEG ratio of 2.91 and a beta of 0.87. The company has a current ratio of 0.93, a quick ratio of 0.83 and a debt-to-equity ratio of 0.46. Cisco Systems, Inc. has a 12-month low of $52.11 and a 12-month high of $80.82. The business’s fifty day simple moving average is $76.63 and its 200-day simple moving average is $71.92.

Cisco Systems (NASDAQ:CSCO – Get Free Report) last released its quarterly earnings data on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.02. Cisco Systems had a return on equity of 27.29% and a net margin of 18.38%.The firm had revenue of $14.88 billion during the quarter, compared to the consensus estimate of $14.77 billion. During the same period in the previous year, the company posted $0.91 earnings per share. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS and its Q2 2026 guidance at 1.010-1.030 EPS. On average, equities research analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Investors of record on Friday, January 2nd were paid a $0.41 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $1.64 dividend on an annualized basis and a yield of 2.1%. Cisco Systems’s payout ratio is 61.65%.

Insider Activity at Cisco Systems

In other news, SVP Maria Victoria Wong sold 428 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $80.33, for a total value of $34,381.24. Following the completion of the transaction, the senior vice president directly owned 32,176 shares of the company’s stock, valued at approximately $2,584,698.08. The trade was a 1.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Thimaya K. Subaiya sold 1,745 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $79.46, for a total value of $138,657.70. Following the sale, the executive vice president directly owned 176,319 shares in the company, valued at approximately $14,010,307.74. The trade was a 0.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,044,865 shares of company stock valued at $81,397,635 over the last 90 days. Insiders own 0.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CSCO. Wells Fargo & Company boosted their price objective on shares of Cisco Systems from $83.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. Citic Securities increased their price objective on shares of Cisco Systems from $75.00 to $90.00 in a research report on Monday, November 17th. Erste Group Bank raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a research note on Monday, November 10th. UBS Group upped their target price on Cisco Systems from $88.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Finally, Zacks Research upgraded Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.81.

Check Out Our Latest Research Report on CSCO

About Cisco Systems

(Free Report)

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.