Cisco Systems president Patel sells $12.7m in stock

Cisco Systems (NASDAQ:CSCO) President and CPO, Jeetendra I. Patel, sold a total of 163,896 shares of common stock on November 14, 2025, for approximately $12.7 million. The sales occurred in multiple transactions with prices ranging from $76.5893 to $78.1965. The networking giant, currently valued at $305.29 billion, has seen its shares surge 7.89% in the past week and 34.06% year-to-date. According to InvestingPro analysis, the stock appears slightly overvalued at its current price of $77.37.

According to a Form 4 filing with the Securities and Exchange Commission, the transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 20, 2025. InvestingPro data shows the stock’s RSI suggests it’s in overbought territory, with shares trading near their 52-week high of $79.50.

Following the sales, Patel directly owns 281,108.332 shares of Cisco Systems, Inc. common stock. He also indirectly owns 200 shares through a trust. The company, trading at a P/E ratio of 29.96, offers a dividend yield of 2.12% and has maintained dividend payments for 15 consecutive years. For deeper insights and comprehensive analysis of Cisco’s financials, access the Pro Research Report available on InvestingPro.

In other recent news, Cisco has reported strong fiscal first-quarter results, with notable growth in product orders and artificial intelligence (AI) demand. The company recorded $1.3 billion in AI orders during the quarter, marking approximately 50% growth from the previous quarter. This robust performance has led several firms to raise their price targets for Cisco. UBS increased its target to $90, citing the strong growth in AI orders. Piper Sandler also raised its target to $86, acknowledging the company’s consistent performance and infrastructure buildout. Rosenblatt Securities set a new target of $100, highlighting the increased demand from hyperscale customers and service providers. Melius Research similarly raised its target to $100, noting the strength in Cisco’s networking segment, which is offsetting declines in its security segment. Additionally, William Blair reiterated its positive outlook following Cisco’s guidance raise and optimistic AI projections for the fiscal year.

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