Ilmarinen Mutual Pension Insurance Co Lowers Position in Cisco Systems, Inc. $CSCO

Key Points

• Ilmarinen Mutual Pension Insurance Co reduced its Cisco stake by 16.2% in the fourth quarter, selling 134,000 shares and leaving it with 690,820 shares valued at about $53.2 million.
• Cisco continues to draw bullish analyst attention, with Bank of America raising its target to $135 and Rosenblatt lifting its target to $150 amid optimism around AI-related networking demand.
• The company recently posted better-than-expected earnings, with Q4 revenue of $15.84 billion and EPS of $1.06, while also issuing guidance for fiscal 2026 and declaring a quarterly dividend of $0.42 per share.

Ilmarinen Mutual Pension Insurance Co cut its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 16.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 690,820 shares of the network equipment provider's stock after selling 134,000 shares during the period. Cisco Systems comprises approximately 0.4% of Ilmarinen Mutual Pension Insurance Co's investment portfolio, making the stock its 29th largest holding. Ilmarinen Mutual Pension Insurance Co's holdings in Cisco Systems were worth $53,214,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CSCO. MidAtlantic Capital Management Inc. bought a new position in shares of Cisco Systems during the fourth quarter valued at about $25,000. Board of the Pension Protection Fund bought a new stake in Cisco Systems in the 4th quarter worth about $31,000. EQ Wealth Advisors LLC purchased a new stake in Cisco Systems in the 4th quarter valued at about $31,000. Anfield Capital Management LLC lifted its position in shares of Cisco Systems by 248.9% during the 4th quarter. Anfield Capital Management LLC now owns 485 shares of the network equipment provider's stock worth $37,000 after buying an additional 346 shares in the last quarter. Finally, Joseph Group Capital Management purchased a new position in shares of Cisco Systems in the 4th quarter worth approximately $38,000. Institutional investors own 73.33% of the company's stock.

Key Stories Impacting Cisco Systems

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

• Positive Sentiment: Bank of America raised its price target on Cisco to $135 from $114 and kept a Buy rating, citing stronger demand for networking gear tied to AI infrastructure spending. BofA raises Cisco, Ciena targets as AI optics boom accelerates
• Positive Sentiment: Rosenblatt also boosted its Cisco target to $150 from $100 after the latest earnings report, reinforcing confidence in the company’s results and guidance. Rosenblatt Raises its Price Target on Cisco Systems (CSCO)
• Positive Sentiment: Cisco is being positioned as a beneficiary of the AI buildout, with articles highlighting record results and momentum in networking demand. AI Buildout Fuels Record Results for These Companies
• Positive Sentiment: Qumulo and Cisco launched a CloudBridge architecture aimed at extending file workloads into the cloud, adding another AI/cloud infrastructure use case for Cisco’s platform. Qumulo and Cisco Deliver Industry-First CloudBridge Architecture...
• Positive Sentiment: New coverage suggests Cisco’s security revenue growth could accelerate as it links security to the AI infrastructure cycle, Splunk observability, and AI-agent defenses. Cisco's Security Revenue Growth Set to Pick Up: What's Ahead?
• Neutral Sentiment: Several momentum-focused articles are highlighting Cisco as a strong stock pick, but these are mostly commentary pieces rather than new fundamental developments. Are You Looking for a Top Momentum Pick? Why Cisco Systems (CSCO) is a Great Choice
• Neutral Sentiment: CEO Charles Robbins sold 21,400 shares under a pre-arranged 10b5-1 plan; the sale is worth noting, but it appears routine and not a major fundamental signal. SEC filing

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CSCO. Piper Sandler increased their price target on Cisco Systems from $86.00 to $132.00 and gave the company a "neutral" rating in a research report on Thursday, May 14th. Wall Street Zen downgraded Cisco Systems from a "buy" rating to a "hold" rating in a research note on Saturday, March 14th. Wells Fargo & Company lifted their target price on Cisco Systems from $95.00 to $130.00 and gave the stock an "overweight" rating in a research note on Thursday, May 14th. DZ Bank raised shares of Cisco Systems to a "strong-buy" rating in a report on Friday, February 13th. Finally, Evercore increased their price target on shares of Cisco Systems from $110.00 to $150.00 and gave the company an "outperform" rating in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $119.09.

Cisco Systems Stock Performance

NASDAQ:CSCO opened at $118.64 on Friday. 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 business has a fifty day simple moving average of $92.59 and a two-hundred day simple moving average of $82.92. Cisco Systems, Inc. has a 1 year low of $62.30 and a 1 year high of $120.79. The company has a market capitalization of $467.61 billion, a P/E ratio of 38.52, a P/E/G ratio of 3.14 and a beta of 0.92.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, May 13th. The network equipment provider reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $1.03 by $0.03. The firm had revenue of $15.84 billion for the quarter, compared to analysts' expectations of $15.56 billion. Cisco Systems had a return on equity of 28.44% and a net margin of 20.14%.The business's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior 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 expect that Cisco Systems, Inc. will post 3.44 earnings per share for the current year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Monday, July 6th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, July 6th. Cisco Systems's dividend payout ratio (DPR) is currently 54.55%.

Insider Transactions at Cisco Systems

In other news, EVP Oliver Tuszik sold 3,132 shares of the business's stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $79.74, for a total value of $249,745.68. Following the sale, the executive vice president owned 188,613 shares of the company's stock, valued at $15,040,000.62. The trade was a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Thimaya K. Subaiya sold 1,744 shares of the company's stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $77.07, for a total transaction of $134,410.08. Following the sale, the executive vice president owned 156,693 shares in the company, valued at $12,076,329.51. The trade was a 1.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 51,324 shares of company stock valued at $5,559,834. 0.01% of the stock is currently owned by insiders.

Cisco Systems 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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