New York State Teachers Retirement System Has $228.87 Million Stock Position in Cisco Systems, Inc. $CSCO

Key Points

• The New York State Teachers Retirement System increased its stake in Cisco Systems by 2.2% during Q2, holding approximately $228.87 million worth of shares.
• Cisco Systems reported an EPS of $0.99 for the most recent quarter, exceeding analysts' expectations and reflecting a 7.6% year-over-year revenue increase.
• A quarterly dividend of $0.41 per share will be paid on October 22nd, resulting in an annualized dividend of $1.64 with a yield of 2.4%.

New York State Teachers Retirement System lifted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 2.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,298,853 shares of the network equipment provider's stock after purchasing an additional 72,462 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Cisco Systems worth $228,874,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Financial Connections Group Inc. boosted its stake in Cisco Systems by 89.4% in the second quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider's stock valued at $28,000 after buying an additional 193 shares in the last quarter. Brown Shipley& Co Ltd bought a new position in Cisco Systems in the second quarter valued at about $32,000. Pandora Wealth Inc. bought a new position in shares of Cisco Systems during the first quarter worth about $31,000. Nova Wealth Management Inc. bought a new position in shares of Cisco Systems during the first quarter worth about $31,000. Finally, Fairway Wealth LLC raised its position in shares of Cisco Systems by 224.7% during the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after acquiring an additional 400 shares during the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cisco Systems

In related news, SVP Maria Victoria Wong sold 428 shares of the business's stock in a transaction 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 sale, the senior vice president directly owned 30,619 shares in the company, valued at approximately $2,089,746.75. The trade was a 1.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Thimaya K. Subaiya sold 1,744 shares of the business's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $66.78, for a total value of $116,464.32. Following the sale, the executive vice president owned 158,009 shares in the company, valued at approximately $10,551,841.02. The trade was a 1.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,965 shares of company stock worth $5,559,996 in the last 90 days. 0.01% of the stock is owned by company insiders.

Cisco Systems Stock Performance

Shares of CSCO opened at $69.52 on Thursday. The firm has a market cap of $274.83 billion, a PE ratio of 26.53, a PEG ratio of 2.89 and a beta of 0.97. The stock's fifty day moving average price is $68.25 and its two-hundred day moving average price is $65.01. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. Cisco Systems, Inc. has a 1 year low of $52.11 and a 1 year high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. During the same period in the previous year, the company posted $0.87 EPS. The firm's revenue for the quarter was up 7.6% compared to the same quarter last year. 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 forecast that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems's payout ratio is presently 62.60%.

Wall Street Analyst Weigh In

CSCO has been the subject of several recent analyst reports. Evercore ISI raised their target price on Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a research note on Thursday, August 14th. KeyCorp began coverage on Cisco Systems in a research note on Thursday, June 26th. They issued an "overweight" rating and a $77.00 price objective for the company. HSBC reaffirmed a "hold" rating and set a $69.00 target price on shares of Cisco Systems in a research report on Friday, August 15th. Wall Street Zen lowered Cisco Systems from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Finally, Piper Sandler lifted their price target on Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $74.72.

Cisco Systems Company 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.

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.