VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 1,096,125 Cisco Systems, Inc. $CSCO

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,096,125 shares of the network equipment provider’s stock, valued at approximately $128,751,000. Cisco Systems comprises approximately 0.8% of VIRGINIA RETIREMENT SYSTEMS ET Al’s portfolio, making the stock its 19th biggest position.

Several other institutional investors also recently modified their holdings of the stock. Financial Insights Inc. raised its stake in Cisco Systems by 19.9% in the second quarter. Financial Insights Inc. now owns 7,459 shares of the network equipment provider’s stock valued at $876,000 after purchasing an additional 1,239 shares in the last quarter. California State Teachers Retirement System grew its stake in Cisco Systems by 11,624.6% in the 2nd quarter. California State Teachers Retirement System now owns 706,130,053 shares of the network equipment provider’s stock worth $82,942,036,000 after buying an additional 700,107,427 shares in the last quarter. Tanager Wealth Management LLP bought a new position in shares of Cisco Systems in the 2nd quarter worth $332,000. Ameritas Advisory Services LLC raised its position in shares of Cisco Systems by 72.6% during the 2nd quarter. Ameritas Advisory Services LLC now owns 81,211 shares of the network equipment provider’s stock valued at $9,539,000 after buying an additional 34,169 shares in the last quarter. Finally, Guardian Wealth Advisors LLC NC lifted its holdings in shares of Cisco Systems by 0.8% during the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 20,664 shares of the network equipment provider’s stock worth $2,427,000 after acquiring an additional 162 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO opened at $109.20 on Monday. The stock has a market capitalization of $430.53 billion, a P/E ratio of 32.69, a price-to-earnings-growth ratio of 2.28 and a beta of 1.00. The stock’s 50-day moving average price is $114.26 and its 200-day moving average price is $102.38. The company has a current ratio of 0.93, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39. Cisco Systems, Inc. has a 12-month low of $66.13 and a 12-month high of $130.37.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. The company had revenue of $17.25 billion during the quarter, compared to analyst estimates of $16.84 billion. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%.Cisco Systems’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.99 EPS. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. On average, equities analysts anticipate that Cisco Systems, Inc. will post 4.43 earnings per share for the current year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd will be given a $0.42 dividend. The ex-dividend date is Friday, October 2nd. This represents a $1.68 annualized dividend and a yield of 1.5%. Cisco Systems’s payout ratio is presently 50.30%.

Wall Street Analyst Weigh In

CSCO has been the subject of several research reports. HSBC lowered shares of Cisco Systems from a “buy” rating to a “hold” rating and cut their target price for the stock from $137.00 to $120.00 in a research report on Friday, August 14th. CICC Research lifted their price target on Cisco Systems from $96.00 to $125.00 and gave the stock an “outperform” rating in a research note on Monday, May 18th. Barclays upped their price objective on Cisco Systems from $121.00 to $123.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. BNP Paribas Exane raised their price objective on Cisco Systems from $87.00 to $132.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Finally, Wall Street Zen upgraded Cisco Systems from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Cisco Systems presently has an average rating of “Moderate Buy” and a consensus price target of $129.68.

Insider Transactions at Cisco Systems

In related news, CEO Charles Robbins sold 21,628 shares of Cisco Systems stock in a transaction on Friday, August 14th. The shares were sold at an average price of $111.54, for a total value of $2,412,387.12. Following the transaction, the chief executive officer directly owned 602,710 shares of the company’s stock, valued at $67,226,273.40. The trade was a 3.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeetendra Patel sold 7,170 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $111.57, for a total transaction of $799,956.90. Following the sale, the insider owned 230,593 shares of the company’s stock, valued at $25,727,261.01. This represents a 3.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 53,611 shares of company stock valued at $6,066,680. Insiders own 0.01% of the company’s stock.

Cisco Systems Company 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.