Cisco Systems, Inc. $CSCO Stake Cut by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,601,007 shares of the network equipment provider’s stock after selling 125,874 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Cisco Systems were worth $451,641,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Avantax Advisory Services Inc. raised its position in Cisco Systems by 1.1% in the second quarter. Avantax Advisory Services Inc. now owns 420,336 shares of the network equipment provider’s stock worth $29,163,000 after purchasing an additional 4,525 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Cisco Systems by 6.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,189,645 shares of the network equipment provider’s stock valued at $218,236,000 after purchasing an additional 205,043 shares during the period. Greystone Financial Group LLC acquired a new position in shares of Cisco Systems in the 3rd quarter worth approximately $8,563,000. Jones Financial Companies Lllp lifted its position in shares of Cisco Systems by 8.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 686,469 shares of the network equipment provider’s stock worth $46,165,000 after buying an additional 56,057 shares during the period. Finally, Rockland Trust Co. boosted its stake in Cisco Systems by 213.8% in the 3rd quarter. Rockland Trust Co. now owns 20,497 shares of the network equipment provider’s stock valued at $1,402,000 after buying an additional 13,966 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Key Cisco Systems News

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

• Positive Sentiment: Cisco unveiled the Silicon One G300 switching chip designed for large AI cluster buildouts, positioning the company to compete in a multi‑hundred‑billion dollar AI infrastructure market — a clear long‑term growth catalyst. Silicon One G300 announcement
• Positive Sentiment: Q2 results beat both EPS and revenue expectations and management highlighted strong AI/customer orders (notably ~$2.1B of AI infrastructure orders), supporting revenue momentum and the firm’s raised FY guidance. That underpins upside if Cisco converts AI demand into sustained margin expansion. Zacks coverage
• Positive Sentiment: Multiple sell‑side firms raised price targets and reiterated buy/outperform views (examples: CICC raised its target to $96; UBS, Citi, BNP/Exane and others increased targets), which can support further upside via analyst-driven flows and ETF reweighting. CICC price target update
• Neutral Sentiment: Free cash flow fell year‑over‑year but remains positive with healthy margins; analysts note strong FCF long term despite higher capex for AI initiatives — this reduces downside risk but flags near‑term investment drag. TalkMarkets FCF piece
• Neutral Sentiment: MarketBeat and other bullish pieces argue for large long‑term upside (price‑target extrapolations to $150–$182), but these are speculative scenarios that rely on sustained AI share gains and margin recovery. MarketBeat long-term thesis
• Negative Sentiment: Investors punished Cisco after management disclosed gross‑margin pressure driven by a global memory shortage and higher component costs; that margin miss triggered a sharp selloff and created near‑term volatility risk for CSCO. CNBC margin story
• Negative Sentiment: Despite upbeat revenue/guidance, some analysts and market commentary viewed Cisco’s margin outlook and guidance as mixed, prompting sector weakness and headline risk that could keep short‑term selling pressure elevated. MarketWatch on market impact
• Neutral Sentiment: Reported short‑interest data in the feed is inconsistent/zero and appears not to be a meaningful new factor for intraday moves. (Days‑to‑cover figures show no material change.)

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. KeyCorp increased their price objective on Cisco Systems from $77.00 to $87.00 and gave the stock an “overweight” rating in a research note on Thursday, November 13th. Citic Securities increased their target price on shares of Cisco Systems from $75.00 to $90.00 in a research report on Monday, November 17th. President Capital cut their price target on shares of Cisco Systems from $90.00 to $88.00 in a report on Wednesday, December 24th. Wells Fargo & Company upped their price objective on shares of Cisco Systems from $83.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, November 13th. Finally, Morgan Stanley raised their price objective on shares of Cisco Systems from $82.00 to $91.00 and gave the stock an “overweight” rating in a report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $97.19.

Insider Buying and Selling at Cisco Systems

In related news, EVP Thimaya K. Subaiya sold 56,038 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $78.33, for a total value of $4,389,456.54. Following the transaction, the executive vice president owned 179,780 shares in the company, valued at $14,082,167.40. This trade represents a 23.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Charles Robbins sold 281,860 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $78.35, for a total value of $22,083,731.00. Following the sale, the chief executive officer directly owned 820,887 shares of the company’s stock, valued at $64,316,496.45. This represents a 25.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 507,122 shares of company stock valued at $39,545,816 over the last ninety days. Company insiders own 0.01% of the company’s stock.

Cisco Systems Trading Up 2.5%

CSCO opened at $76.85 on Friday. Cisco Systems, Inc. has a 1-year low of $52.11 and a 1-year high of $88.18. The stock has a market capitalization of $303.64 billion, a PE ratio of 26.97, a PEG ratio of 2.90 and a beta of 0.87. The company has a current ratio of 0.96, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average price of $77.83 and a two-hundred day moving average price of $73.10.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, February 11th. The network equipment provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.02 by $0.02. Cisco Systems had a net margin of 19.22% and a return on equity of 27.88%. The business had revenue of $15.35 billion for the quarter, compared to analysts’ expectations of $15.11 billion. During the same period in the prior year, the firm earned $0.94 earnings per share. Cisco Systems’s revenue was up 9.7% compared to the same quarter last year. As a group, equities analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Thursday, April 2nd will be given a dividend of $0.42 per share. The ex-dividend date is Thursday, April 2nd. This is an increase from Cisco Systems’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.2%. Cisco Systems’s dividend payout ratio is presently 58.95%.

Cisco Systems Company Profile

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.