Illinois Municipal Retirement Fund Reduces Holdings in Cisco Systems, Inc. $CSCO

Key Points

• Illinois Municipal Retirement Fund cut its Cisco Systems stake by 3.1% in the first quarter, selling 13,711 shares and ending with 434,003 shares valued at about $33.7 million.
• Several analysts raised price targets on CSCO, with the consensus rating remaining Moderate Buy and an average target price of $123.14. Barclays, Citi, HSBC and CICC all issued more bullish targets, though one firm downgraded the stock to Hold.
• Cisco beat quarterly earnings and revenue expectations, posting $1.06 EPS on $15.84 billion in revenue, and also announced a quarterly dividend of $0.42 per share to be paid on July 22.

Illinois Municipal Retirement Fund trimmed its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 434,003 shares of the network equipment provider's stock after selling 13,711 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Cisco Systems were worth $33,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of CSCO. Providence Wealth Advisors LLC boosted its stake in shares of Cisco Systems by 0.6% during the first quarter. Providence Wealth Advisors LLC now owns 24,211 shares of the network equipment provider's stock valued at $1,891,000 after purchasing an additional 133 shares during the period. NFSG Corp increased its stake in shares of Cisco Systems by 3.9% in the first quarter. NFSG Corp now owns 50,476 shares of the network equipment provider's stock worth $3,916,000 after buying an additional 1,884 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Cisco Systems by 10.7% during the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 407,377 shares of the network equipment provider's stock valued at $31,600,000 after buying an additional 39,500 shares during the last quarter. Ethos Financial Group LLC boosted its position in Cisco Systems by 11.9% during the 1st quarter. Ethos Financial Group LLC now owns 16,549 shares of the network equipment provider's stock valued at $1,284,000 after buying an additional 1,759 shares during the period. Finally, Sanctuary Advisors LLC boosted its position in Cisco Systems by 4.4% during the 1st quarter. Sanctuary Advisors LLC now owns 886,031 shares of the network equipment provider's stock valued at $68,747,000 after buying an additional 37,550 shares during the period. Institutional investors own 73.33% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CSCO. Barclays boosted their price objective on shares of Cisco Systems from $76.00 to $121.00 and gave the company an "equal weight" rating in a research report on Thursday, May 14th. CICC Research increased their target price on shares of Cisco Systems from $96.00 to $125.00 and gave the stock an "outperform" rating in a report on Monday, May 18th. Citigroup raised their target price on Cisco Systems from $90.00 to $112.00 and gave the stock a "buy" rating in a research note on Thursday, May 14th. HSBC upgraded Cisco Systems from a "hold" rating to a "buy" rating and boosted their price target for the company from $77.00 to $137.00 in a report on Friday, May 15th. Finally, Wall Street Zen cut Cisco Systems from a "buy" rating to a "hold" rating in a report on Sunday. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Cisco Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.14.

Cisco Systems Price Performance

CSCO stock opened at $111.77 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.92 and a quick ratio of 0.81. Cisco Systems, Inc. has a 1 year low of $65.75 and a 1 year high of $130.37. The firm has a 50-day moving average of $116.74 and a 200 day moving average of $92.98. The company has a market cap of $440.53 billion, a P/E ratio of 36.29, a PEG ratio of 2.98 and a beta of 1.02.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.03. Cisco Systems had a return on equity of 28.44% and a net margin of 20.14%.The business had revenue of $15.84 billion for the quarter, compared to analysts' expectations of $15.56 billion. During the same period in the previous year, the firm posted $0.96 EPS. The business's revenue was up 12.0% on a year-over-year basis. 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, sell-side analysts forecast that Cisco Systems, Inc. will post 3.54 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently declared 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. The ex-dividend date is Monday, July 6th. This represents a $1.68 annualized dividend and a dividend yield of 1.5%. Cisco Systems's payout ratio is currently 54.55%.

Insider Buying and Selling

In related news, CEO Charles Robbins sold 21,400 shares of the company's stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $120.03, for a total value of $2,568,642.00. Following the sale, the chief executive officer directly owned 637,085 shares of the company's stock, valued at $76,469,312.55. This represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deborah L. Stahlkopf sold 6,586 shares of the 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 completion of the transaction, the executive vice president owned 177,223 shares of the company's stock, valued at approximately $20,790,030.13. This trade represents a 3.58% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 47,650 shares of company stock valued at $5,668,823 over the last 90 days. 0.01% of the stock is currently owned by company insiders.

Key Stories Impacting Cisco Systems

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

• Positive Sentiment: Analysts and media continue to highlight Cisco’s strong year-to-date run, supported by rising AI-related orders, networking growth, security momentum, and improved earnings visibility. Cisco Jumps 52% YTD: Is There More Room for the Stock to Rise?
• Positive Sentiment: Cisco also announced a partnership with SuccessKPI to integrate AI-native workforce engagement tools into Webex Contact Center, reinforcing its push into AI-enabled enterprise communications. SuccessKPI Powers Next Generation Hybrid Contact Centers with WEM for Webex Cloud
• Positive Sentiment: Several recent articles remain constructive on Cisco’s AI and cybersecurity positioning, arguing that demand for AI-driven networking and security tools could support further upside. Top Cybersecurity Stocks to Buy Now as AI Changes Tech Defense
• Neutral Sentiment: Technical commentary says CSCO is now in a correction phase after slipping below key short-term support, and the next move may determine whether the longer-term uptrend stays intact. Cisco Systems (CSCO) Price Forecast: Correction Deepens as Key Support Nears
• Neutral Sentiment: Other coverage notes Cisco remains a popular AI and networking beneficiary, but some analysts also point out valuation and trading-range concerns, suggesting the stock may need another catalyst to extend its move. The AI Boom Isn't Over: 3 Stocks to Buy for 2H 2026
• Negative Sentiment: Today’s weakness appears tied to investors locking in gains after Cisco’s big run, with some reports also citing broader pressure on large tech names and evidence that the stock had become extended. Cisco Systems slips as investors appear to be taking profits after a big post-earnings run

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.

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