NBT Bank N.A. Acquires 149,255 Shares of Cisco Systems, Inc. $CSCO

NBT Bank N.A. acquired a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 149,255 shares of the network equipment provider’s stock, valued at approximately $16,064,000. Cisco Systems accounts for approximately 1.1% of NBT Bank N.A.’s holdings, making the stock its 19th biggest holding.

A number of other hedge funds have also bought and sold shares of CSCO. Bridgewater Advisors Inc. acquired a new position in shares of Cisco Systems in the 2nd quarter valued at about $6,442,000. Beacon Pointe Advisors LLC acquired a new stake in Cisco Systems during the second quarter worth approximately $60,009,000. Western Wealth Management LLC grew its stake in Cisco Systems by 60.5% during the first quarter. Western Wealth Management LLC now owns 76,372 shares of the network equipment provider’s stock worth $5,926,000 after purchasing an additional 28,792 shares during the period. ABN AMRO Bank N.V. bought a new stake in Cisco Systems in the second quarter worth approximately $19,114,000. Finally, USS Investment Management Ltd increased its holdings in Cisco Systems by 1.8% in the first quarter. USS Investment Management Ltd now owns 686,466 shares of the network equipment provider’s stock worth $53,253,000 after purchasing an additional 12,251 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Insider Transactions at Cisco Systems

In related news, EVP Oliver Tuszik sold 680 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $110.18, for a total value of $74,922.40. Following the transaction, the executive vice president directly owned 163,337 shares in the company, valued at $17,996,470.66. This trade represents a 0.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thimaya K. Subaiya sold 312 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $110.18, for a total value of $34,376.16. Following the completion of the transaction, the executive vice president owned 127,661 shares in the company, valued at approximately $14,065,688.98. This represents a 0.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 44,869 shares of company stock valued at $5,005,620. Company insiders own 0.01% of the company’s stock.

Analysts Set New Price Targets

CSCO has been the topic of several recent analyst reports. Truist Financial boosted their price target on Cisco Systems from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Barclays raised their price objective on shares of Cisco Systems from $121.00 to $123.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Freedom Capital raised shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 16th. UBS Group lifted their price objective on shares of Cisco Systems from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Finally, 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. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cisco Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.52.

More Cisco Systems News

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

• Positive Sentiment: Cisco unveiled high-density AI networking products, including Silicon One G302 switches and a planned 400Gb/s-per-lane optical module developed with NVIDIA, TE Connectivity and Amphenol. Expanded SONiC support and AI-operations security tools strengthen the company’s effort to capture spending across networking hardware, silicon, optics and software. Did AI Networking Expansion Just Shift Cisco’s Investment Narrative?
• Positive Sentiment: Longer-term bullish commentary argues that Cisco can benefit from continued AI data-center investment and from software that helps customers monitor AI usage and control rising model-inference costs. Cisco: Can It Profit From Helping Customers Spend Less on AI?
• Neutral Sentiment: ETF funds were net sellers of CSCO on October 20, adding a technical source of pressure that does not necessarily reflect a change in Cisco’s operating outlook. ETFs Are Net Sellers of Cisco
• Neutral Sentiment: Analysts continue to debate whether Cisco’s AI opportunity represents a durable shift from its traditional enterprise networking business. Comparisons with Arista Networks highlight the importance of execution, data-center design wins and margins. Arista Networks Versus Cisco Systems
• Negative Sentiment: The latest decline reflects Cisco falling more than the broader market, while commentary from Seeking Alpha characterized the stock’s AI narrative as overbought and maintained a Hold view. At a price-to-earnings ratio above 31, investors may be demanding substantial AI growth before awarding the shares a higher valuation. Here’s Why Cisco Systems Fell More Than the Broader Market

Cisco Systems Price Performance

CSCO stock opened at $104.89 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.79. The company’s 50-day moving average is $110.28 and its 200-day moving average is $109.88. The stock has a market capitalization of $413.54 billion, a PE ratio of 31.40, a price-to-earnings-growth ratio of 2.23 and a beta of 0.99. Cisco Systems, Inc. has a 1 year low of $70.06 and a 1 year high of $130.37.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $16.84 billion. During the same period in the previous year, the company posted $0.99 EPS. The firm’s revenue was up 17.6% compared to the same quarter last year. 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. Equities research analysts expect that Cisco Systems, Inc. will post 4.42 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company 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 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, October 2nd. Cisco Systems’s dividend payout ratio (DPR) is 50.30%.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration and observability solutions for businesses, government organizations and service providers. Its offerings include routers, switches, wireless networking equipment, data-center infrastructure, security software and services, as well as technologies that support cloud and hybrid IT environments.

The company also provides collaboration tools through its Webex portfolio, cloud-managed networking through Cisco Meraki and security and observability capabilities that include technologies from Splunk, which Cisco acquired in 2024.