Cisco Systems Falls 3.9% as Recent Insider Selling and Profit-Taking Weigh on Shares

Cisco Systems (CSCO) is down 3.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The clearest company-specific catalyst is hard to pin down, but the move appears tied to profit-taking after a strong run and fresh insider-sale disclosures rather than a new earnings miss or guidance cut. This could be because investors are reacting to recent executive stock sales while also reassessing valuation after Cisco’s strong post-earnings rally in August.

Details:

Cisco’s latest annual report was filed on September 2, 2026, and no new major negative operating update was apparent in that filing.

In its August 12 fiscal fourth-quarter release, Cisco reported revenue of about $17.3 billion, up 18% year over year, with non-GAAP EPS of $1.22 and fiscal 2027 guidance that pointed to continued growth.

Recent SEC Form 4 filings showed executive sales, including CFO Mark Patterson selling 1,795 shares on September 11 under a Rule 10b5-1 plan and Global Sales EVP Oliver Tuszik selling 680 shares on September 14 under a similar plan.

Because the recent fundamental news had been positive, today’s decline looks more like sentiment-driven selling or consolidation after prior gains than a reaction to a fresh deterioration in the business.

Sources:

Cisco Investor Relations, SEC, MarketBeat

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$CSCO Insider Trading Activity

$CSCO insiders have traded $CSCO stock on the open market 49 times in the past 6 months. Of those trades, 0 have been purchases and 49 have been sales.

Here’s a breakdown of recent trading of $CSCO stock by insiders over the last 6 months:

CHARLES ROBBINS (Chair and CEO) has made 0 purchases and 7 sales selling 43,028 shares for an estimated $4,980,929.
MARK PATTERSON (EVP and CFO) has made 0 purchases and 14 sales selling 19,896 shares for an estimated $2,308,207.
JEETENDRA I PATEL (President and CPO) has made 0 purchases and 8 sales selling 14,339 shares for an estimated $1,640,708.
THIMAYA K. SUBAIYA (EVP, Operations) has made 0 purchases and 5 sales selling 13,271 shares for an estimated $1,539,049.
DEBORAH L STAHLKOPF (EVP and Chief Legal Officer) has made 0 purchases and 7 sales selling 13,073 shares for an estimated $1,496,074.
OLIVER TUSZIK (EVP, Global Sales) has made 0 purchases and 7 sales selling 8,808 shares for an estimated $1,017,521.
NICHLAS A FINK (SVP, Chief Accounting Officer) sold 2,274 shares for an estimated $248,684

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

EARLY ACCESS

Receive CSCO Data Alerts

Real-time alerts on filings, insider trades, and market signals — before everyone else.

Get Alerts →

$CSCO Hedge Fund Activity

We have seen 1,812 institutional investors add shares of $CSCO stock to their portfolio, and 2,053 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

INVESCO LTD. added 81,404,309 shares (+143.4%) to their portfolio in Q2 2026, for an estimated $9,561,750,135
JPMORGAN CHASE & CO added 48,926,967 shares (+inf%) to their portfolio in Q2 2026, for an estimated $5,746,961,543
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 32,839,926 shares (+inf%) to their portfolio in Q2 2026, for an estimated $3,857,377,707
CAPITAL INTERNATIONAL INVESTORS added 22,677,729 shares (+inf%) to their portfolio in Q2 2026, for an estimated $2,663,726,048
WELLINGTON MANAGEMENT GROUP LLP removed 17,258,707 shares (-50.1%) from their portfolio in Q2 2026, for an estimated $2,027,207,724
FISHER ASSET MANAGEMENT, LLC added 16,111,142 shares (+93.1%) to their portfolio in Q2 2026, for an estimated $1,892,414,739
FRANKLIN RESOURCES INC removed 14,821,502 shares (-25.5%) from their portfolio in Q2 2026, for an estimated $1,740,933,624

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$CSCO Congressional Stock Trading

Members of Congress have traded $CSCO stock 5 times in the past 6 months. Of those trades, 1 have been purchases and 4 have been sales.

Here’s a breakdown of recent trading of $CSCO stock by members of Congress over the last 6 months:

REPRESENTATIVE RICHARD MCCORMICK has traded it 3 times. They made 0 purchases and 3 sales worth up to $45,000 on 07/30, 06/12.
SENATOR SHELLEY MOORE CAPITO sold up to $15,000 on 07/21.
SENATOR ALAN ARMSTRONG purchased up to $50,000 on 03/27.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$CSCO Price Targets

Multiple analysts have issued price targets for $CSCO recently. We have seen 14 analysts offer price targets for $CSCO in the last 6 months, with a median target of $130.0.

Here are some recent targets:

Jackson Ader from Keybanc set a target price of $130.0 on 06/25/2026
Meta Marshall from Morgan Stanley set a target price of $130.0 on 06/12/2026
Tal Liani from B of A Securities set a target price of $150.0 on 06/08/2026
Tim Long from Barclays set a target price of $121.0 on 05/15/2026
Stephen Bersey from HSBC set a target price of $137.0 on 05/15/2026
David Vogt from UBS set a target price of $132.0 on 05/14/2026
Atif Malik from Citigroup set a target price of $112.0 on 05/14/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.