Pictet Asset Management Holding SA Purchases 766,677 Shares of Cisco Systems, Inc. $CSCO

Pictet Asset Management Holding SA grew its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 9.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,514,823 shares of the network equipment provider’s stock after buying an additional 766,677 shares during the quarter. Cisco Systems accounts for 0.9% of Pictet Asset Management Holding SA’s holdings, making the stock its 18th largest holding. Pictet Asset Management Holding SA owned approximately 0.22% of Cisco Systems worth $916,289,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CSCO. Allen Investment Management LLC lifted its holdings in Cisco Systems by 3.7% during the 3rd quarter. Allen Investment Management LLC now owns 15,743 shares of the network equipment provider’s stock worth $1,694,000 after buying an additional 566 shares in the last quarter. Verus Capital Partners LLC grew its stake in shares of Cisco Systems by 53.8% in the third quarter. Verus Capital Partners LLC now owns 13,485 shares of the network equipment provider’s stock worth $1,451,000 after acquiring an additional 4,716 shares in the last quarter. Asset Dedication LLC grew its stake in shares of Cisco Systems by 1.0% in the third quarter. Asset Dedication LLC now owns 41,724 shares of the network equipment provider’s stock worth $4,491,000 after acquiring an additional 408 shares in the last quarter. May Hill Capital LLC grew its stake in shares of Cisco Systems by 3.4% in the third quarter. May Hill Capital LLC now owns 9,525 shares of the network equipment provider’s stock worth $1,025,000 after acquiring an additional 315 shares in the last quarter. Finally, Phoenix Wealth Advisors increased its position in shares of Cisco Systems by 8.6% during the third quarter. Phoenix Wealth Advisors now owns 11,929 shares of the network equipment provider’s stock worth $1,284,000 after acquiring an additional 944 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Performance

Shares of Cisco Systems stock opened at $93.85 on Friday. The firm has a market capitalization of $370.01 billion, a P/E ratio of 28.10, a P/E/G ratio of 1.95 and a beta of 1.01. 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 52 week low of $70.54 and a 52 week high of $130.37. The firm’s 50 day moving average is $108.82 and its two-hundred day moving average is $101.63.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.05. The business had revenue of $17.25 billion during the quarter, compared to analysts’ expectations of $16.84 billion. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the business 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. Research analysts forecast that Cisco Systems, Inc. will post 4.42 EPS for the current fiscal year.

Cisco Systems Announces Dividend

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

Cisco Systems News Summary

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

Insider Buying and Selling

In other Cisco Systems news, insider Jeetendra I. Patel sold 7,170 shares of Cisco Systems 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 owned 230,593 shares of the company’s stock, valued at $25,727,261.01. The trade was a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 2,760 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $112.46, for a total transaction of $310,389.60. Following the completion of the sale, the executive vice president owned 165,276 shares of the company’s stock, valued at approximately $18,586,938.96. This trade represents a 1.64% decrease in their position. 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 over the last ninety days. Company insiders own 0.01% of the company’s stock.

Analyst Ratings Changes

CSCO has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Cisco Systems in a research note on Wednesday, August 26th. Piper Sandler lowered their target price on Cisco Systems from $132.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, September 22nd. Barclays upped their price target on Cisco Systems from $121.00 to $123.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Wells Fargo & Company increased their price target on Cisco Systems from $130.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Cisco Systems in a research note on Tuesday, September 1st. They issued a “buy” rating and a $135.00 price objective for the company. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cisco Systems has an average rating of “Moderate Buy” and a consensus target price of $127.87.

Cisco Systems 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.