Bank of New York Mellon Corp Has $3.50 Billion Stock Holdings in Cisco Systems, Inc. $CSCO

Key Points

• Bank of New York Mellon increased its Cisco stake by 2.6% in the fourth quarter, ending with 45.47 million shares worth about $3.5 billion. Cisco now ranks as the fund’s 20th-largest holding.
• Cisco reported a strong quarter, with EPS of $1.06 and revenue of $15.84 billion, both above expectations, while revenue rose 12% year over year. The company also issued upbeat guidance for Q4 2026 and FY 2026.
• Analysts have grown more positive on Cisco, with several firms raising price targets and the stock now carrying a Moderate Buy consensus and average target of $119.09. Cisco also announced a quarterly dividend of $0.42 per share, payable July 22.

Bank of New York Mellon Corp lifted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,470,400 shares of the network equipment provider's stock after purchasing an additional 1,162,500 shares during the quarter. Cisco Systems makes up about 0.6% of Bank of New York Mellon Corp's holdings, making the stock its 20th biggest position. Bank of New York Mellon Corp owned approximately 1.15% of Cisco Systems worth $3,502,585,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. MidAtlantic Capital Management Inc. acquired a new stake in shares of Cisco Systems in the fourth quarter worth about $25,000. Board of the Pension Protection Fund acquired a new position in shares of Cisco Systems during the 4th quarter valued at about $31,000. EQ Wealth Advisors LLC bought a new position in shares of Cisco Systems in the 4th quarter valued at approximately $31,000. Anfield Capital Management LLC lifted its holdings in Cisco Systems by 248.9% in the 4th quarter. Anfield Capital Management LLC now owns 485 shares of the network equipment provider's stock worth $37,000 after purchasing an additional 346 shares during the last quarter. Finally, Joseph Group Capital Management acquired a new stake in Cisco Systems in the 4th quarter worth approximately $38,000. Institutional investors own 73.33% of the company's stock.

Analyst Ratings Changes

CSCO has been the topic of several analyst reports. The Goldman Sachs Group increased their price target on Cisco Systems from $75.00 to $116.00 and gave the company a "neutral" rating in a report on Thursday, May 14th. Argus upped their price objective on shares of Cisco Systems from $100.00 to $150.00 and gave the stock a "buy" rating in a report on Tuesday, May 19th. Barclays raised their target price on shares of Cisco Systems from $76.00 to $121.00 and gave the company an "equal weight" rating in a research note on Thursday, May 14th. KeyCorp lifted their target price on shares of Cisco Systems from $87.00 to $125.00 and gave the stock an "overweight" rating in a report on Thursday, May 14th. Finally, UBS Group lifted their price objective on Cisco Systems from $95.00 to $132.00 and gave the stock a "buy" rating in a research note on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Cisco Systems presently has a consensus rating of "Moderate Buy" and an average price target of $119.09.

Cisco Systems News Summary

Here are the key news stories impacting Cisco Systems this week:

• Positive Sentiment: Cisco introduced new AI-security products and an agentic platform, including Cloud Control and Live Protect, which may strengthen its position in cybersecurity and enterprise infrastructure. Cisco Unveils Agentic Platform for Operating and Defending Critical IT Infrastructure
• Positive Sentiment: Shares are also getting a boost from a broader market focus on AI cybersecurity after President Trump’s executive order increased scrutiny of frontier AI models for cyber risks, which highlights the importance of Cisco’s security offerings. 3 Stocks At The Center Of Trump's AI Security Order
• Positive Sentiment: Unusual call option buying suggests traders are positioning for more upside in Cisco after the stock’s strong recent rally. Cisco Advances 5% to Record Highs on AI Cybersecurity Push, Arista Climbs as Networking Trade Extends
• Neutral Sentiment: Multiple articles note Cisco is trending with investors after a strong earnings report and record AI infrastructure orders, reinforcing already positive sentiment around the stock. Cisco Systems (CSCO) Valuation Check After Record Revenue And Strong AI Infrastructure Momentum

Cisco Systems Stock Up 5.5%

CSCO opened at $128.00 on Wednesday. The company has a market capitalization of $504.50 billion, a P/E ratio of 41.56, a P/E/G ratio of 3.09 and a beta of 1.01. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.92 and a quick ratio of 0.81. The firm's fifty day moving average price is $94.31 and its two-hundred day moving average price is $83.61. Cisco Systems, Inc. has a fifty-two week low of $63.72 and a fifty-two week high of $128.22.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings data on Wednesday, May 13th. The network equipment provider reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.03. The company had revenue of $15.84 billion during the quarter, compared to the consensus estimate of $15.56 billion. Cisco Systems had a net margin of 20.14% and a return on equity of 28.44%. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the firm earned $0.96 EPS. Cisco Systems has set its Q4 2026 guidance at 1.160-1.180 EPS and its FY 2026 guidance at 4.270-4.290 EPS. On average, analysts anticipate that Cisco Systems, Inc. will post 3.54 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Monday, July 6th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, July 6th. Cisco Systems's dividend payout ratio (DPR) is 54.55%.

Insiders Place Their Bets

In related news, EVP Deborah L. Stahlkopf sold 6,586 shares of the business's stock in a transaction on Friday, May 15th. The stock was sold at an average price of $117.31, for a total value of $772,603.66. Following the sale, the executive vice president owned 177,223 shares of the company's stock, valued at $20,790,030.13. The trade was a 3.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thimaya K. Subaiya sold 1,744 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $77.07, for a total value of $134,410.08. Following the transaction, the executive vice president owned 156,693 shares of the company's stock, valued at $12,076,329.51. This represents a 1.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 51,324 shares of company stock worth $5,559,834 over the last quarter. Corporate insiders own 0.01% of the company's stock.

About Cisco Systems

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.

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