Insider Cluster (2 insiders) ·Filed Sep 14, 2026

CSCO

CISCO SYSTEMS, INC.
NEUTRAL
Impact 3/10
Horizondays Processed17d 14h ago
Insider cluster: 2 insiders, $444K total
Actionable Insight • Neutral

The insider selling is too small in dollar terms to signal a material change in fundamentals for a mega-cap like Cisco. Monitor the next 10-Q for any guidance revision or segment weakness, but this cluster alone does not warrant a trade. The CFO's sale may be routine portfolio diversification.

DirectionNeutral
Confidencemedium
Horizondays
Latest settled — T+5d ⚠ clustered
CSCO ▼ -3.30% at T+5d
NEUTRAL call ✗ call lost -3.30% · α vs SPY -5.42% · entry $110.07 → $106.44
Next anchor: T+20d in 10d
Latest observation: T+10 -4.78% FF3 residual α
Entry anchored
Sep 14, 06:44 PM ET
via 1-min bar
T+1d
-2.12%
call -2.12% · α -1.68%
$107.74
settled 17d ago
T+5d
-3.30%
call -3.30% · α -5.42%
$106.44
settled 11d ago
T+20d
—
call — · α —
—
in 10d
T+60d
—
call — · α —
—
in 2mo

Price Chart

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Executive Summary

Two senior Cisco executives (CFO and Chief Accounting Officer) sold a combined $444K in open-market stock over a 4-day window, with the CFO selling at $108.87. While the dollar amount is trivial relative to Cisco's $442B market cap (0.0001%), the cluster includes the CFO's first open-market sale in the filing window, which warrants attention. The historical calibration shows prior bullish/neutral calls on CSCO have underperformed, and the cluster's net selling direction is consistent with the broader 30-day insider selling pattern of $1.2M, but the absolute size is too small to be material for a mega-cap company.

Key Financial Metrics

Direction
selling
Total Value
$444.0K
Insiders
2

Key Facts

  • CFO Patterson sold 1,795 shares open-market at $108.87 for $195K on Sep 11
  • Chief Accounting Officer Fink sold 2,274 shares open-market at $109.36 for $249K on Sep 8
  • EVP Tuszik also had a tax-withholding transaction (1,260 shares, $138K) on Sep 10
  • Total open-market selling in cluster: $444K, or ~0.0001% of Cisco's $442B market cap
  • Cisco has 69% analyst bullish rating (7 Strong Buy, 17 Buy, 11 Hold)

Financial Impact

Total open-market insider selling of $444K is immaterial for a $442B market cap company

insider ownership

Risk Factors

  • Insider selling could accelerate if broader tech sector weakness emerges
  • Historical calibration shows prior CSCO calls have underperformed, suggesting caution on directional bets

Market Snapshot

Price
$110.06
Volume
100
Exchange
Nasdaq
Sector
Computer Communications Equipment
Analyst Consensus
69% bullish (35 analysts)

Investment Themes

Software & IT

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-CSCO-1789427523607
30 reports for CSCO
Performance horizon
33% Hit rate 3 of 9 directional calls best @ T+20▲ +33.58%Apr 29, 2026
Filters
Rows
Reports for CSCO — sortable, filterable
TypeNow
Sep 30, 2026
2d ago
ANALYST-UPGRADE
BULLISH ★ 4/10
$107.63 $108.76▲ +1.05%▲ +0.87%$108.76 (+1.05%)
Sep 14, 2026
17d ago
Insider Cluster
NEUTRAL ★ 2/10
$110.07 $107.74▼ −2.12%▼ −1.68%$108.76 (−1.19%)
Sep 14, 2026
17d ago
Insider Cluster
NEUTRAL ★ 3/10
$110.07 $107.74▼ −2.12%▼ −1.68%$108.76 (−1.19%)
Sep 1, 2026
4w ago
ANALYST-UPGRADE
BULLISH ★ 4/10
$109.74 $109.46▼ −0.26%▼ −0.70%$108.76 (−0.89%)
Aug 26, 2026
5w ago
Court Ruling
NEUTRAL ★ 2/10
$112.36 $112.15▼ −0.19%▼ −0.84%$108.76 (−3.20%)
Aug 20, 2026
6w ago
Insider Cluster
NEUTRAL ★ 2/10
$109.59 $111.04▲ +1.32%▲ +0.91%$108.76 (−0.76%)
Aug 18, 2026
6w ago
Court Ruling
NEUTRAL ★ 2/10
$111.61 $110.55▼ −0.95%▼ −1.16%$108.76 (−2.55%)
Aug 18, 2026
6w ago
Court Ruling
NEUTRAL ★ 2/10
$111.61 $110.55▼ −0.95%▼ −1.16%$108.76 (−2.55%)
Aug 17, 2026
6w ago
Insider Cluster
NEUTRAL ★ 3/10
$111.61 $110.55▼ −0.95%▼ −1.16%$108.76 (−2.55%)
Aug 17, 2026
6w ago
Insider Cluster
NEUTRAL ★ 3/10
$111.61 $110.55▼ −0.95%▼ −1.16%$108.76 (−2.55%)
Showing 10 of 30

US Market Status

Market Closed — Opens in 2m

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Report published Sep 14, 2026