Polar Asset Management Partners Inc. Sells 37,211 Shares of Cisco Systems, Inc. $CSCO

Polar Asset Management Partners Inc. lowered its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 46.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,702 shares of the network equipment provider’s stock after selling 37,211 shares during the period. Polar Asset Management Partners Inc.’s holdings in Cisco Systems were worth $5,016,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CSCO. Intesa Sanpaolo Wealth Management purchased a new stake in shares of Cisco Systems during the fourth quarter valued at $25,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Cisco Systems during the 4th quarter worth approximately $25,000. Networth Advisors LLC grew its position in Cisco Systems by 276.4% during the first quarter. Networth Advisors LLC now owns 335 shares of the network equipment provider’s stock valued at $26,000 after buying an additional 246 shares during the period. Manning & Napier Advisors LLC grew its position in shares of Cisco Systems by 137.0% during the 1st quarter. Manning & Napier Advisors LLC now owns 346 shares of the network equipment provider’s stock valued at $27,000 after acquiring an additional 200 shares during the period. Finally, Financial Life Planners purchased a new stake in shares of Cisco Systems in the first quarter valued at approximately $27,000. Institutional investors own 73.33% of the company’s stock.

Insider Activity

In related news, EVP Thimaya K. Subaiya sold 7,127 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $119.91, for a total value of $854,598.57. Following the completion of the sale, the executive vice president owned 140,857 shares of the company’s stock, valued at approximately $16,890,162.87. This represents a 4.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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 dated Friday, August 14th. The stock was sold at an average price of $111.57, for a total transaction of $799,956.90. Following the sale, the insider owned 230,593 shares of the company’s stock, valued at approximately $25,727,261.01. The trade was a 3.02% 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 90 days, insiders have sold 53,611 shares of company stock worth $6,066,680. Insiders own 0.01% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of Cisco Systems from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Weiss Ratings upgraded Cisco Systems from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Wall Street Zen raised Cisco Systems from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. UBS Group boosted their price target on Cisco Systems from $132.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Finally, HSBC cut shares of Cisco Systems from a “buy” rating to a “hold” rating and lowered their target price for the stock from $137.00 to $120.00 in a research note on Friday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Cisco Systems presently has an average rating of “Moderate Buy” and a consensus target price of $129.43.

More Cisco Systems News

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

• Positive Sentiment: Expanded NVIDIA and Supermicro partnership: Cisco is adding Supermicro (NASDAQ: SMCI) rack-scale AI servers to its NVIDIA-backed Secure AI Factory offering. The combined architecture pairs Cisco networking and security with high-performance computing, potentially helping Cisco capture more spending from hyperscalers, neoclouds, sovereign clouds and enterprise AI deployments. Cisco Expands Secure AI Factory with NVIDIA for the Rack-Scale Era
• Positive Sentiment: AI infrastructure demand is broadening: Cisco’s expanded offering is designed to address the power, cooling, security and data-control requirements of increasingly demanding AI workloads. The initiative may increase Cisco’s content per deployment and make its products more relevant as customers seek integrated, quickly deployable systems. Exclusive: Cisco expands Nvidia partnership for AI data center boom
• Positive Sentiment: Supportive analyst sentiment: Cisco’s average brokerage recommendation remains bullish, while recent coverage points to strong AI-related orders and upbeat fiscal 2027 infrastructure revenue guidance. This follows the company’s latest earnings beat and could reinforce confidence in its growth outlook. Wall Street Bulls Look Optimistic About Cisco
• Neutral Sentiment: New Canadian offering: Cisco launched sovereign critical-infrastructure solutions in Canada, giving governments and organizations more control over data and technology choices. The announcement supports Cisco’s public-sector and sovereign-cloud strategy, but near-term financial impact is unclear. Cisco Launches Sovereign Critical Infrastructure in Canada
• Negative Sentiment: Valuation and execution risks: Cisco trades at a relatively elevated earnings multiple after its recent rally, and investors previously sold the stock despite strong results and guidance. Cisco also faces competition from NVIDIA, Supermicro and other AI-connectivity suppliers, which could limit margins or market share.

Cisco Systems Trading Up 0.8%

Shares of Cisco Systems stock opened at $111.11 on Wednesday. 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 stock’s 50 day simple moving average is $115.65 and its 200-day simple moving average is $100.78. The stock has a market cap of $437.93 billion, a P/E ratio of 33.27, a P/E/G ratio of 2.16 and a beta of 1.02. Cisco Systems, Inc. has a 1-year low of $66.13 and a 1-year high of $130.37.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 EPS for the quarter, beating the consensus estimate of $1.17 by $0.05. The firm had revenue of $17.25 billion during the quarter, compared to analysts’ expectations of $16.84 billion. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%.The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 earnings per share. 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 4.44 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, October 2nd. Cisco Systems’s payout ratio is currently 50.30%.

About Cisco Systems

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.