Cisco EVP and CFO Mark Patterson sells $195,421 in stock

Mark Patterson, Executive Vice President and Chief Financial Officer at Cisco Systems, Inc. (NASDAQ:CSCO), sold 1,795 shares of company common stock on September 11, 2026, for a total value of $195,421. The shares were sold at a price of $108.87 each. This transaction was executed under a Rule 10b5-1 trading plan, which Mr. Patterson adopted on December 19, 2025. The sale comes as Cisco shares trade at $110.06, delivering a remarkable 68% return over the past year, though InvestingPro analysis suggests the stock is currently overvalued relative to its Fair Value.

Separately, on September 10, 2026, Mr. Patterson also disposed of 1,553.145 shares of Cisco common stock. These shares, with a total value of $169,960 based on a price of $109.43 per share, were withheld for tax liability arising from the partial settlement of a restricted stock unit award.

Following these transactions, Mr. Patterson directly holds 165,778.426 shares of Cisco common stock. This total includes 1,786.851 dividend equivalents accrued on unvested restricted stock units, where each equivalent represents one share of Cisco common stock. For deeper insights into Cisco’s valuation and 13 additional InvestingPro Tips, investors can access comprehensive analysis on the platform.

In other recent news, Cisco Systems Inc. has reported strong financial results for the fourth quarter of fiscal 2026, with revenue surpassing consensus estimates by 2.5% and earnings per share exceeding expectations by over 4%. The company experienced a 35% year-over-year increase in total product orders, including triple-digit growth in Hyperscale orders and a 21% rise in Enterprise orders. These results have led several analyst firms to adjust their price targets for Cisco. UBS raised its price target to $138, citing a strong quarter and positive AI outlook. KeyBanc and Morgan Stanley both increased their targets to $135, with KeyBanc noting broad-based business growth and Morgan Stanley highlighting investments in networking and security due to AI demand. Truist Securities set a new target of $140, pointing to Cisco’s positioning for a networking supercycle in fiscal 2027. Rosenblatt raised its target to $165, attributing the increase to robust demand across products and geographies. These developments reflect a positive sentiment among analysts regarding Cisco’s future performance.