Amundi 13F: Adds $180M to Cisco Systems (CSCO) Stake

Amundi Expands Cisco Systems Holdings

Institutional investor Amundi increased its stake in Cisco Systems, Inc. (NasdaqGS: CSCO) by 9.2% during the reporting period, according to a Form 13F filed with the Securities and Exchange Commission. The firm acquired an additional 1,533,801 shares, bringing its total ownership to 18,129,660 shares. Based on market prices around the filing date, that total stake carried a value of approximately $2.12 billion. Because 13F filings look backward at prior quarters, this snapshot reflects positions held at that time and may not represent the firm's current portfolio.

Cisco Stock Trades Above Moving Averages

Shares of Cisco changed hands at $117.46 on Friday, resting well above the 200-day moving average of $99.40 and its 50-day moving average of $111.89. The communication equipment maker has traded in a 52-week band stretching from a low of $68.95 up to a high of $130.37. With a market capitalization topping $433 billion, the company trades at a P/E ratio of 32.9, while its forward P/E ratio sits at 19.5.

Insider Buying and Selling at Cisco Systems, Inc.

Company insiders made open market purchases on June 15, 2026. Marianna Tessel bought 251 shares, Kristina Johnson picked up 351 shares, and Kevin Weil acquired 251 shares. Each transaction was executed at a price of $120.17 per share, resulting in total outlays of $30,162.67 for Tessel and Weil, and $42,179.67 for Johnson.

Wall Street Ratings and Targets

Wall Street firms have continued to evaluate the network gear vendor through the late summer and early autumn. On September 30, 2026, Bernstein initiated coverage with a Market Perform rating and a $110 target. Piper Sandler maintained a Neutral rating on September 22, 2026, while lowering its target from $132 to $125. Earlier in September, Deutsche Bank started coverage with a Buy rating and a $135 target. HSBC lowered its rating to Hold on August 14, 2026, reducing its target to $120 from $137. Meanwhile, UBS, Truist Securities, Barclays, and Wells Fargo issued updates on August 13, 2026, with price targets ranging from $123 up to $150. Across the wider analyst community, the stock holds a consensus Buy rating and a mean price target of $136.16.

Inside Cisco Systems

Headquartered in San Jose, California, Cisco Systems builds networking gear, cybersecurity tools, internet infrastructure, and cloud collaboration software used by enterprises, government agencies, and telecom providers globally. The firm employs over 82,000 people and works across both hardware infrastructure and software subscriptions to connect global data networks.

Looking Ahead for Shareholders

Market participants will look toward Cisco's next financial results slated for November 12, 2026, to gauge ongoing demand for its networking and enterprise security products. As always, institutional filings offer a retrospective look at portfolio moves rather than real-time trading signals.