Cisco Systems, Inc. $CSCO Shares Bought by State of Alaska Department of Revenue

Key Points

• State of Alaska Department of Revenue increased its Cisco stake by 6.1% in the third quarter, acquiring 30,405 shares and bringing its holdings to 532,834 shares valued at approximately $59.2 million. Institutional investors collectively own 73.33% of Cisco’s stock.
• Wall Street analysts maintain a “Moderate Buy” consensus on Cisco, with an average price target of $128.52; several firms recently raised their targets, while one initiated coverage with a $110 price target.
• Cisco reported quarterly earnings and revenue above expectations, with revenue up 17.6% year over year, and declared a quarterly dividend of $0.42 per share. Insiders sold 44,869 shares worth about $5.0 million over the past 90 days, primarily through pre-arranged trading plans.

State of Alaska Department of Revenue boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 6.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 532,834 shares of the network equipment provider's stock after acquiring an additional 30,405 shares during the period. Cisco Systems comprises about 0.6% of State of Alaska Department of Revenue's portfolio, making the stock its 28th largest position. State of Alaska Department of Revenue's holdings in Cisco Systems were worth $59,245,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CSCO. Cozad Asset Management Inc. lifted its position in shares of Cisco Systems by 0.3% in the 1st quarter. Cozad Asset Management Inc. now owns 26,203 shares of the network equipment provider's stock worth $2,033,000 after purchasing an additional 87 shares during the period. Dogwood Wealth Management LLC boosted its stake in shares of Cisco Systems by 3.9% during the second quarter. Dogwood Wealth Management LLC now owns 2,413 shares of the network equipment provider's stock valued at $283,000 after purchasing an additional 90 shares in the last quarter. Green Ridge Wealth Planning LLC increased its holdings in Cisco Systems by 1.5% during the third quarter. Green Ridge Wealth Planning LLC now owns 6,017 shares of the network equipment provider's stock valued at $648,000 after buying an additional 90 shares during the period. August Group Capital Ltd increased its holdings in Cisco Systems by 2.0% during the second quarter. August Group Capital Ltd now owns 4,723 shares of the network equipment provider's stock valued at $555,000 after buying an additional 91 shares during the period. Finally, Financial Insights Inc. increased its holdings in Cisco Systems by 1.5% during the first quarter. Financial Insights Inc. now owns 6,220 shares of the network equipment provider's stock valued at $483,000 after buying an additional 92 shares during the period. Hedge funds and other institutional investors own 73.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CSCO. Wells Fargo & Company upped their target price on Cisco Systems from $130.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, August 13th. KeyCorp increased their target price on Cisco Systems from $130.00 to $135.00 and gave the company an "overweight" rating in a research report on Thursday, August 13th. Barclays lifted their price target on Cisco Systems from $121.00 to $123.00 and gave the company an "equal weight" rating in a report on Thursday, August 13th. Weiss Ratings reiterated a "buy (b)" rating on shares of Cisco Systems in a report on Wednesday, August 26th. Finally, Sanford C. Bernstein began coverage on Cisco Systems in a research report on Wednesday, September 30th. They issued a "market perform" rating and a $110.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $128.52.

Insider Buying and Selling

In other Cisco Systems news, CEO Charles Robbins sold 21,628 shares of the firm's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $111.54, for a total value of $2,412,387.12. Following the completion of the sale, the chief executive officer owned 602,710 shares of the company's stock, valued at approximately $67,226,273.40. This trade represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thimaya Subaiya sold 312 shares of the business's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $110.18, for a total value of $34,376.16. Following the sale, the executive vice president owned 127,661 shares in the company, valued at $14,065,688.98. The trade was a 0.24% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 44,869 shares of company stock valued at $5,005,620 in the last 90 days. 0.01% of the stock is owned by insiders.

Cisco Systems Price Performance

NASDAQ CSCO opened at $109.85 on Friday. The firm's fifty day simple moving average is $111.66 and its two-hundred day simple moving average is $108.88. The firm has a market capitalization of $433.09 billion, a P/E ratio of 32.89, a P/E/G ratio of 2.37 and a beta of 0.99. 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 $68.57 and a 12-month high of $130.37.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 EPS for the quarter, beating the consensus estimate of $1.17 by $0.05. The firm 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%. The business's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Analysts forecast that Cisco Systems, Inc. will post 4.42 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd will be paid a $0.42 dividend. The ex-dividend date is Friday, October 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 1.5%. Cisco Systems's dividend payout ratio (DPR) is 50.30%.

Key Stories Impacting Cisco Systems

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

• Positive Sentiment: Cisco reported 17.6% year-over-year sales growth for the quarter ended July 2026, its fastest quarterly growth in roughly a decade. The result reinforces the potential benefit from AI infrastructure spending, networking upgrades and cybersecurity demand. How Rare Is Cisco's Record Sales Growth?
• Positive Sentiment: An investment article identified Cisco as a potential value opportunity in an expensive broader market, which may support interest from investors seeking established businesses with durable cash flows and shareholder returns. Cisco Stock And 2 Value Plays For An Overvalued Market
• Positive Sentiment: Cisco was highlighted among companies that reward long-term investors through reliable dividends, supporting the stock’s appeal to income-oriented shareholders. Procter & Gamble Has Raised Its Dividend for 70 Years
• Neutral Sentiment: Cisco confirmed a multimillion-dollar donation to the planned White House ballroom. The contribution does not change operating fundamentals but could attract political or reputational scrutiny. Nvidia and Cisco confirm multimillion-dollar donations
• Neutral Sentiment: Fiscal-2026 net income rose 30% to $13.3 billion, but operating cash flow remained near $14.2 billion. Unrealized investment gains boosted earnings without producing operating cash, leaving investors focused on whether AI and cybersecurity growth can translate into sustained cash generation. Cisco Earnings Recovery and Cash Growth
• Negative Sentiment: Recent coverage attributed Cisco’s underperformance to valuation concerns and profit-taking. GuruFocus also characterized the shares as still overvalued, which may be limiting upside after the stock’s strong run toward its 52-week high. Cisco Shares Fall; GF Value Says Still Overvalued

About Cisco Systems

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration, observability and data center solutions. Its products and services help businesses, governments, educational institutions and other organizations connect users and devices, manage infrastructure, protect digital environments and support cloud-based operations.

Cisco's portfolio includes routers and switches, wireless networking equipment, network management software, firewalls, identity and access tools, endpoint security products, collaboration applications and observability platforms.

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