Cisco Systems, Inc. $CSCO Shares Acquired by Maryland State Retirement & Pension System

Key Points

• Maryland State Retirement & Pension System increased its stake in Cisco Systems, Inc. by 3.6%, owning 193,458 shares worth approximately $13.4 million as of its latest SEC filing.
• Analysts have mixed sentiments regarding Cisco's stock, with a consensus rating of "Moderate Buy" and an average price target of $74.53.
• Cisco recently declared a quarterly dividend of $0.41 per share, representing an annualized dividend of $1.64 and a yield of 2.3%.

Maryland State Retirement & Pension System grew its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 193,458 shares of the network equipment provider's stock after buying an additional 6,799 shares during the quarter. Maryland State Retirement & Pension System's holdings in Cisco Systems were worth $13,422,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Postrock Partners LLC lifted its stake in Cisco Systems by 4.5% during the second quarter. Postrock Partners LLC now owns 3,480 shares of the network equipment provider's stock worth $241,000 after purchasing an additional 150 shares in the last quarter. Mount Vernon Associates Inc. MD raised its stake in shares of Cisco Systems by 0.4% in the second quarter. Mount Vernon Associates Inc. MD now owns 41,379 shares of the network equipment provider's stock valued at $2,871,000 after acquiring an additional 150 shares in the last quarter. Pacifica Partners Inc. raised its stake in shares of Cisco Systems by 0.5% in the second quarter. Pacifica Partners Inc. now owns 34,060 shares of the network equipment provider's stock valued at $2,338,000 after acquiring an additional 155 shares in the last quarter. Pacific Sage Partners LLC raised its stake in shares of Cisco Systems by 0.9% in the second quarter. Pacific Sage Partners LLC now owns 16,746 shares of the network equipment provider's stock valued at $1,162,000 after acquiring an additional 156 shares in the last quarter. Finally, Childress Capital Advisors LLC raised its stake in shares of Cisco Systems by 0.8% in the second quarter. Childress Capital Advisors LLC now owns 18,806 shares of the network equipment provider's stock valued at $1,305,000 after acquiring an additional 157 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. CICC Research assumed coverage on Cisco Systems in a research note on Monday, July 14th. They issued an "outperform" rating and a $78.00 price objective on the stock. William Blair upgraded Cisco Systems to a "hold" rating in a research note on Thursday, August 14th. HSBC reissued a "hold" rating and issued a $69.00 target price on shares of Cisco Systems in a report on Friday, August 15th. Evercore ISI increased their target price on Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a report on Thursday, August 14th. Finally, Hsbc Global Res lowered Cisco Systems from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $74.53.

Cisco Systems Stock Performance

NASDAQ CSCO opened at $70.33 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $72.55. The business's 50-day moving average price is $68.18 and its 200 day moving average price is $64.75. The firm has a market cap of $278.03 billion, a P/E ratio of 26.84, a P/E/G ratio of 2.90 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCO - Get Free Report) 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 analysts' consensus estimates of $0.98 by $0.01. The firm had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The business's revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company posted $0.87 earnings per share. 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, equities research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, October 3rd. Cisco Systems's dividend payout ratio (DPR) is presently 62.60%.

Insider Activity at Cisco Systems

In related news, SVP Maria Victoria Wong sold 428 shares of Cisco Systems stock in a transaction that occurred on 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 transaction, the senior vice president directly owned 30,619 shares in the company, valued at $2,089,746.75. The trade was a 1.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Charles Robbins sold 30,557 shares of Cisco Systems stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.63, for a total value of $2,036,012.91. Following the transaction, the chief executive officer owned 639,000 shares of the company's stock, valued at $42,576,570. This represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,965 shares of company stock worth $5,559,996. 0.01% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.