NTV Asset Management 13F: Adds $888K to CSCO Stake
Key Points
- NTV Asset Management added 8,255 shares of Cisco Systems, Inc. CSCO during the quarter, bringing its total holding to 84,951 shares worth $9,143,276.
- Other institutional investors mixed their holdings, as AMF Tjanstepension boosted its stake by 189,002 shares to end with 1,028,135 shares valued at $110,658,170.
- Wall Street analysts maintain a consensus buy rating on the communication equipment maker with a mean price target of $136.16.
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NTV Asset Management boosted its stake in Cisco Systems, Inc. CSCO by 10.7% during the quarter, according to a Form 13F filing filed with the SEC on October 23, 2026. The purchase brought the fund's total holdings to 84,951 shares after acquiring an additional 8,255 shares. The stake was valued at $9,143,276 at the close of the period.
CSCO
Cisco Systems, Inc.
What Changed in NTV Asset Management's Cisco Systems, Inc. Position
The institutional investor lifted its investment in the communication equipment maker by 10.7%, moving from a prior count of 76,696 shares up to 84,951 shares. The added shares cost-free of specific trade execution data carried a reported value of over $9.1 million at the end of the filing period. Cisco Systems closed at $106.50 on the October 23, 2026 filing date.
Other Institutional Activity in Cisco Systems, Inc.
Other large investors adjusted their positions in Cisco during the same period with mixed approaches. Howland Capital Management cut its stake by 11,391 shares, ending with 35,770 shares worth $3,849,926. Tectonic Advisors lowered its holdings by 16,990 shares to finish with 159,550 shares valued at $17,172,418. Wilmington Savings Fund Society, FSB trimmed 34,405 shares to own 391,201 shares valued at $42,104,964. Meanwhile, AMF Tjanstepension grew its holdings by 189,002 shares, ending with 1,028,135 shares worth about $110,658,170.
Cisco Systems, Inc. Stock Down 0.7%
Cisco shares recently traded around $106.49 as of October 24, 2026. The stock sits below its 50-day moving average of $110.37 while trading above its 200-day moving average of $100.16. Its 52-week range spans from a low of $70.06 to a high of $130.37.
Recent Earnings
Cisco reported trailing-twelve-month revenue of $63.32 billion alongside earnings of $3.33 per share. The company generated a net profit margin of 21.0% and a return on equity of 27.3%. The next corporate earnings update 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 rate of $1.68 per share giving it a dividend yield of 1.6%. The company's dividend payout ratio sits at 49.9%.
Insider Buying and Selling at Cisco Systems, Inc.
Several company insiders completed transactions prior to the filing. Officer Nichlas A. Fink sold 2,274 shares on September 8, 2026 at an average price of $109.36 for a total value of $248,685. Chief Financial Officer Mark Patterson sold 1,795 shares on September 11, 2026 at $108.87 per share worth $195,422. Officer Thimaya K. Subaiya sold 312 shares on September 14, 2026 at $110.18 per share for $34,376. Officer Oliver Tuszik sold 680 shares on September 14, 2026 at $110.18 per share for a total value of $74,922.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock ahead of the filing period. UBS maintained a buy rating while lifting its price target from $132.00 to $138.00 on August 13, 2026. HSBC downgraded the stock to hold on August 14, 2026, cutting its target from $137.00 to $120.00. Deutsche Bank initiated coverage on September 1, 2026 with a buy rating and a $135.00 price target. Piper Sandler maintained a neutral rating on September 22, 2026 with a target of $125.00, down from $132.00. Bernstein initiated coverage on September 30, 2026 with a market perform rating and a $110.00 price target. The stock currently carries a consensus buy recommendation from 25 analysts with a mean price target of $136.16.
About Cisco Systems, Inc.
Headquartered in San Jose, California, Cisco Systems, Inc. designs, builds, and sells networking, security, and communication technology products used to power internet infrastructure worldwide.
Bottom Line
Investors tracking NTV Asset Management will look to upcoming earnings on November 12, 2026 for further insight into the company's financial health. Monitoring institutional ownership trends in future SEC filings will also show whether larger funds continue shifting their positions in the technology firm.
Related Filing Alerts
Source: NTV Asset Management's 13F filing on $CSCO (Oct 23, 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