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Oliver Tuszik, EVP, Global Sales at Cisco Systems, Inc. (NASDAQ:CSCO), sold a total of 5,440 shares of common stock in two transactions, according to a Form 4 filing with the Securities and Exchange Commission. The sales amounted to $416507.
The transactions, both executed under a Rule 10b5-1 plan adopted on June 20, 2025, involved the sale of shares at prices ranging from $76.56 to $77.98. On November 14, 2025, Tuszik sold 5,425 shares at $76.56 per share. Following this, on November 17, 2025, he sold an additional 15 shares at $77.98 per share.
Following the reported transactions, Tuszik directly owns 210,392.606 shares of Cisco Systems, Inc. common stock, which includes 712.371 dividend equivalents accrued on unvested restricted stock units.
In other recent news, Cisco reported strong fiscal first-quarter results, with product orders growing 13% year-over-year. The company recorded $1.3 billion in artificial intelligence orders during the quarter, showing approximately 50% growth quarter-over-quarter. Following these results, UBS raised its price target for Cisco to $90, maintaining a Buy rating, while Rosenblatt Securities increased its target to $100, also with a Buy rating, citing strong AI demand. Melius Research similarly raised its price target to $100, highlighting Cisco’s robust networking segment performance, which offset a 2% decline in its security segment. Piper Sandler raised its price target to $86, noting consistent good quarters for Cisco, driven by AI infrastructure buildout and campus refresh opportunities. Additionally, William Blair reiterated its rating on Cisco after the company raised its guidance and provided a positive AI outlook for the fiscal year. These developments reflect a positive sentiment among analysts, with several firms adjusting their price targets upward due to Cisco’s strong performance and strategic positioning in AI and networking.
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