Asset Management One 13F: Cuts CSCO Stake by $7.9M
Key Points
- Asset Management One's reported value in Cisco now stands at about $222.5 million, following a $7.9 million reduction in value.
- Asset Management One held 2,067,685 $CSCO shares at quarter end, down 3.42% from the prior quarter.
- The fund holds 1.59% of its portfolio in Cisco, ranking it 14th among its 940 positions.
- As of October 27, 2026, Cisco shares traded at $111.38, close to their recent price but below the mean analyst price target of $136.16.
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On October 27, 2026, Asset Management One trimmed its position in Cisco Systems, Inc. (CSCO) by 73,271 shares, reducing its total to 2,067,685 shares valued at about $222.5 million. This information comes from the fund's latest Form 13F filing with the SEC, which covers the quarter ending September 30, 2026.
The reduction represents a 3.42% decrease in the fund's Cisco shares. The fund's Cisco position now accounts for 1.59% of its total reported value of approximately $13.98 billion, ranking it 14th out of 940 positions.
CSCO
Cisco Systems, Inc.
Other Institutional Activity in Cisco
Tectonic Advisors reduced its Cisco holdings by 16,990 shares, ending with 159,550 shares worth about $17.2 million. Wilmington Savings Fund Society, FSB cut its stake by 34,405 shares, bringing its total to 391,201 shares valued at approximately $42.1 million. Meanwhile, UniSuper Management increased its holdings by 113,004 shares, totaling 2,243,853 shares worth about $241.5 million.
Cisco Systems, Inc. Stock Up 4.6%
As of October 27, 2026, Cisco shares closed at $111.38. The stock recently traded around this price, which is about equal to its closing level on the filing date. However, it is below its 52-week high of $130.37 and significantly above its low of $70.43.
Recent Earnings
Cisco reported trailing twelve-month revenue of $63.3 billion, with an earnings per share (EPS) of $3.33. The next earnings report is scheduled for November 12, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
11 analysts raised price targets.
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EPS & revenue
EPS met estimates. Revenue beat estimates by 2.7%.
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Profit surprise
EBITDA missed by 24 percent. Operating income missed by 58 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 upgrade, 11 target raises.
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Earnings quality
Gross margin down 1.9 points. Operating margin up 2.4 points. Positive free cash flow.
Earnings Call Summary
Cisco delivered record 15.8 billion dollar revenue in the quarter, up 10 percent year over year, with networking revenue surging 21 percent driven by AI infrastructure demand and campus switching upgrades. The company shipped its millionth Silicon One chip, unveiled its new 102.4 terabit G300 processor, and expects strong AI orders exceeding 5 billion dollars for the year, though security revenue declined 4 percent due to Splunk transition to cloud subscriptions. Strong product order growth of 18 percent, especially from hyperscalers up 65 percent, shows broad momentum despite gross margin compression from memory cost inflation.
Guidance Cisco guided for full-year revenue of about 61.5 billion dollars and earnings per share of 4.15 dollars, putting the company on track for its strongest year. The company also raised its AI infrastructure order target to over 5 billion dollars for fiscal 2026, expecting to recognize more than 3 billion dollars in AI revenue.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Dividend
Cisco pays an annual dividend of $1.68 per share, which gives it a dividend yield of 1.52%.
Insider Buying and Selling at Cisco Systems, Inc.
In September 2026, several insiders sold shares. Officer Nichlas A. Fink sold 2,274 shares at an average price of $109.36, totaling about $248,685. Chief Financial Officer Mark Patterson sold 1,795 shares at $108.87, valued at approximately $195,422.
Analysts Set New Price Targets
On August 13, 2026, UBS maintained a "Buy" rating on Cisco with a price target of $138.00. The consensus among analysts shows a mean price target of $136.16 based on 25 opinions.
About Cisco Systems, Inc.
Cisco Systems, Inc. designs and sells technology that powers and secures the internet. The company operates worldwide, providing solutions for various sectors, including communication equipment.
Bottom Line
Investors should keep an eye on Cisco's upcoming earnings report on November 12, 2026, and any further changes in institutional holdings, especially from Asset Management One.
Related Filing Alerts
Source: Asset Management One's 13F filing on $CSCO (Oct 27, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts