Retirement Systems of Alabama Raises Stock Position in Cisco Systems, Inc. $CSCO

Retirement Systems of Alabama boosted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,749,479 shares of the network equipment provider’s stock after acquiring an additional 63,213 shares during the period. Cisco Systems accounts for 0.6% of Retirement Systems of Alabama’s holdings, making the stock its 22nd biggest position. Retirement Systems of Alabama owned 0.07% of Cisco Systems worth $188,119,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in Cisco Systems during the 2nd quarter valued at about $3,816,825,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Cisco Systems by 413.3% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 22,393,371 shares of the network equipment provider’s stock worth $1,553,645,000 after acquiring an additional 18,030,441 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Cisco Systems by 46.2% during the second quarter. Franklin Resources Inc. now owns 40,836,858 shares of the network equipment provider’s stock worth $2,833,261,000 after acquiring an additional 12,904,969 shares during the last quarter. Laurel Wealth Advisors LLC increased its holdings in shares of Cisco Systems by 6,778.2% during the second quarter. Laurel Wealth Advisors LLC now owns 6,810,012 shares of the network equipment provider’s stock valued at $472,479,000 after acquiring an additional 6,711,004 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Cisco Systems by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 393,989,568 shares of the network equipment provider’s stock worth $27,334,996,000 after purchasing an additional 5,039,714 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Buying and Selling at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 1,745 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $79.46, for a total transaction of $138,657.70. Following the transaction, the executive vice president owned 176,319 shares in the company, valued at $14,010,307.74. This trade represents a 0.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Charles Robbins sold 116,734 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $77.30, for a total transaction of $9,023,538.20. Following the transaction, the chief executive officer owned 704,153 shares of the company’s stock, valued at $54,431,026.90. This represents a 14.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 1,044,865 shares of company stock worth $81,397,635. 0.01% of the stock is currently owned by company insiders.

Cisco Systems Stock Up 0.3%

Cisco Systems stock opened at $74.59 on Friday. The business’s 50-day moving average price is $76.62 and its 200 day moving average price is $71.76. The company has a quick ratio of 0.83, a current ratio of 0.93 and a debt-to-equity ratio of 0.46. The firm has a market cap of $294.71 billion, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 2.82 and a beta of 0.87. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week high of $80.82.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, November 12th. The network equipment provider reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. Cisco Systems had a net margin of 18.38% and a return on equity of 27.29%. The business had revenue of $14.88 billion for the quarter, compared to analysts’ expectations of $14.77 billion. During the same quarter last year, the company earned $0.91 EPS. The business’s revenue was up 7.5% on a year-over-year basis. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS and its Q2 2026 guidance at 1.010-1.030 EPS. As a group, sell-side analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 21st. Stockholders of record on Friday, January 2nd were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, January 2nd. Cisco Systems’s dividend payout ratio is presently 61.65%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CSCO. Weiss Ratings restated a “buy (b)” rating on shares of Cisco Systems in a research note on Thursday, October 30th. UBS Group raised their target price on Cisco Systems from $88.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. HSBC boosted their price target on Cisco Systems from $69.00 to $74.00 and gave the company a “hold” rating in a research note on Friday, November 14th. President Capital reduced their price objective on Cisco Systems from $90.00 to $88.00 in a research note on Wednesday, December 24th. Finally, Bank of America lifted their target price on Cisco Systems from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Fifteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.86.

Cisco Systems Profile

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.