M&T Bank Corp Has $4.61 Million Holdings in Cisco Systems, Inc. $CSCO

Key Points

• M&T Bank slashed its stake in Cisco by 97.6% in Q4, selling 2,447,629 shares and leaving 59,825 shares valued at about $4.61 million.
• Cisco unveiled a working prototype of a Universal Quantum Switch (reported <4% fidelity degradation) and is being positioned by analysts as a beneficiary of the AI–quantum convergence and AI infrastructure demand.
• Cisco beat quarterly EPS estimates ($1.04 vs. $1.02) with revenue of $15.35 billion (+9.7% YoY), raised its quarterly dividend to $0.42 (1.9% yield), and retains a consensus "Moderate Buy" with a ~$89.81 target.

M&T Bank Corp trimmed its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 97.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,825 shares of the network equipment provider's stock after selling 2,447,629 shares during the period. M&T Bank Corp's holdings in Cisco Systems were worth $4,608,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its position in Cisco Systems by 6.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,189,645 shares of the network equipment provider's stock valued at $218,236,000 after purchasing an additional 205,043 shares during the period. Greystone Financial Group LLC acquired a new position in shares of Cisco Systems in the 3rd quarter worth approximately $8,563,000. Jones Financial Companies Lllp lifted its position in shares of Cisco Systems by 8.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 686,469 shares of the network equipment provider's stock worth $46,165,000 after purchasing an additional 56,057 shares during the period. Rockland Trust Co. boosted its stake in shares of Cisco Systems by 213.8% in the 3rd quarter. Rockland Trust Co. now owns 20,497 shares of the network equipment provider's stock valued at $1,402,000 after purchasing an additional 13,966 shares during the last quarter. Finally, CX Institutional increased its position in shares of Cisco Systems by 11.0% during the third quarter. CX Institutional now owns 144,336 shares of the network equipment provider's stock worth $9,875,000 after buying an additional 14,334 shares during the period. 73.33% of the stock is owned by institutional investors.

Cisco Systems Stock Performance

NASDAQ:CSCO opened at $89.01 on Monday. Cisco Systems, Inc. has a 12 month low of $56.07 and a 12 month high of $90.45. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $351.58 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 3.35 and a beta of 0.83. The firm has a fifty day simple moving average of $80.55 and a two-hundred day simple moving average of $77.49.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.02. The firm had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.11 billion. Cisco Systems had a net margin of 19.22% and a return on equity of 27.88%. The business's quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 earnings per share. Analysts expect that Cisco Systems, Inc. will post 3.4 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Thursday, April 2nd were paid a dividend of $0.42 per share. This is an increase from Cisco Systems's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 1.9%. Cisco Systems's dividend payout ratio (DPR) is currently 58.95%.

Key Cisco Systems News

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

• Positive Sentiment: Cisco unveiled a working prototype of a "Universal Quantum Switch" that can route quantum information between different types of quantum systems — a tangible step toward quantum networking that expands Cisco's addressable market beyond traditional routers and switches. Cisco shows switch that can connect quantum computers of different kinds
• Positive Sentiment: The company’s Universal Quantum Switch press release reported proof-of-concept results (under 4% fidelity degradation) and stressed interoperability over standard telecom fiber — a credibility boost for long-term revenue potential in an emerging market. Cisco Introduces Universal Quantum Switch, Advancing the Path to a Quantum Network
• Positive Sentiment: Analysts and trade pieces are positioning Cisco as a beneficiary of the AI-quantum convergence and as a "pick-and-shovel" supplier to AI infrastructure builds — sentiment that supports multiple-year upside if Cisco converts research into commercial products and services. AI Meets Quantum: Best Pick-and-Shovel Stocks for a Multi-Year Shift
• Positive Sentiment: Market commentary ranks Cisco among AI/infra names with multi‑trillion-dollar potential over time, reflecting investor expectations that its transformation into higher‑margin software/subscriptions and AI hardware could materially re-rate valuation. Cisco Systems (CSCO): Can It Hit Trillion Dollar Milestone?
• Neutral Sentiment: Cisco added Qmulos continuous‑compliance products to its Global Price List, easing procurement for joint customers — a modest commercial win that supports software and services momentum but is not material on its own. Qmulos Now Available on Cisco Global Price List (GPL)
• Neutral Sentiment: Reported short‑interest data for April appears inconsistent (shows 0 shares / NaN change) and is not indicating a meaningful short squeeze or cover signal at this time.
• Negative Sentiment: Despite the upbeat product news, Cisco shares pulled back on April 23 (a larger decline than the market), showing that investors still react to near‑term macro/earnings/rotation risk even as the company invests in new growth areas. Cisco Systems (CSCO) Registers a Bigger Fall Than the Market

Insiders Place Their Bets

In other news, EVP Oliver Tuszik sold 3,132 shares of the company's stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $79.74, for a total transaction of $249,745.68. Following the transaction, the executive vice president directly owned 188,613 shares of the company's stock, valued at $15,040,000.62. This represents a 1.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Deborah L. Stahlkopf sold 7,981 shares of the company's stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $79.50, for a total value of $634,489.50. Following the transaction, the executive vice president directly owned 187,097 shares in the company, valued at $14,874,211.50. The trade was a 4.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 46,431 shares of company stock valued at $3,574,820. 0.01% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CSCO shares. Weiss Ratings restated a "buy (b)" rating on shares of Cisco Systems in a report on Tuesday, January 27th. HSBC lifted their price objective on Cisco Systems from $74.00 to $77.00 and gave the stock a "hold" rating in a research report on Friday, February 13th. Evercore raised Cisco Systems from an "in-line" rating to an "outperform" rating and boosted their price objective for the company from $80.00 to $100.00 in a research note on Monday, January 26th. BNP Paribas Exane upped their target price on Cisco Systems from $86.00 to $87.00 and gave the company an "outperform" rating in a research report on Thursday, February 12th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $100.00 target price on shares of Cisco Systems in a research note on Thursday, February 12th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.81.

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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