Retirement Systems of Alabama Lowers Stock Holdings in Cisco Systems, Inc. $CSCO

Retirement Systems of Alabama reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 5.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,686,266 shares of the network equipment provider’s stock after selling 163,440 shares during the period. Cisco Systems comprises approximately 0.7% of Retirement Systems of Alabama’s holdings, making the stock its 21st biggest holding. Retirement Systems of Alabama owned 0.07% of Cisco Systems worth $186,373,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Drive Wealth Management LLC lifted its holdings in shares of Cisco Systems by 2.7% during the 2nd quarter. Drive Wealth Management LLC now owns 16,605 shares of the network equipment provider’s stock valued at $1,152,000 after acquiring an additional 436 shares in the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in shares of Cisco Systems by 0.7% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider’s stock valued at $55,049,000 after acquiring an additional 6,501 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Cisco Systems by 10.8% during the 1st quarter. Golden State Wealth Management LLC now owns 6,298 shares of the network equipment provider’s stock valued at $389,000 after acquiring an additional 612 shares in the last quarter. Shell Asset Management Co. lifted its holdings in shares of Cisco Systems by 53.3% during the 2nd quarter. Shell Asset Management Co. now owns 77,234 shares of the network equipment provider’s stock valued at $5,358,000 after acquiring an additional 26,840 shares in the last quarter. Finally, Guinness Asset Management LTD lifted its holdings in shares of Cisco Systems by 15.9% during the 2nd quarter. Guinness Asset Management LTD now owns 4,389,728 shares of the network equipment provider’s stock valued at $304,451,000 after acquiring an additional 603,131 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CSCO. Evercore ISI lifted their target price on shares of Cisco Systems from $72.00 to $74.00 and gave the company an “in-line” rating in a report on Thursday, August 14th. JPMorgan Chase & Co. lifted their target price on shares of Cisco Systems from $73.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. William Blair upgraded shares of Cisco Systems to a “hold” rating in a report on Thursday, August 14th. Barclays lifted their target price on shares of Cisco Systems from $66.00 to $71.00 and gave the company an “equal weight” rating in a report on Thursday, August 14th. Finally, UBS Group lifted their price target on shares of Cisco Systems from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Cisco Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.72.

Insider Buying and Selling

In other news, EVP Deborah L. Stahlkopf sold 2,718 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $68.08, for a total value of $185,041.44. Following the completion of the sale, the executive vice president owned 157,184 shares of the company’s stock, valued at approximately $10,701,086.72. The trade was a 1.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Maria Victoria Wong sold 428 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $68.25, for a total transaction of $29,211.00. Following the completion of the sale, the senior vice president directly owned 30,619 shares of the company’s stock, valued at $2,089,746.75. The trade was a 1.38% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 82,965 shares of company stock worth $5,559,996. 0.01% of the stock is currently owned by insiders.

Cisco Systems Stock Performance

Cisco Systems stock opened at $71.33 on Thursday. Cisco Systems, Inc. has a 12-month low of $52.11 and a 12-month high of $72.82. The company has a market capitalization of $281.98 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 3.05 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The firm’s fifty day moving average price is $68.59 and its 200 day moving average price is $66.05.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.01. The firm had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.87 EPS. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. On average, research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd were given a $0.41 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.3%. Cisco Systems’s payout ratio is presently 62.60%.

Cisco Systems Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.