State of New Jersey Common Pension Fund D Sells 8,153 Shares of Cisco Systems, Inc. $CSCO

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in Cisco Systems by 0.6% in Q2, selling 8,153 shares, which left them with 1,342,745 shares valued at approximately $93.16 million.
• Several institutional investors have made significant trades in Cisco, with Financial Connections Group Inc. increasing its holdings by 89.4%, while multiple firms like Pandora Wealth Inc. and Nova Wealth Management Inc. initiated new positions.
• Cisco's stock has seen varied analyst ratings, with price targets raised by firms including Piper Sandler and Barclays, indicating a generally positive outlook with a consensus price target of $74.72.

State of New Jersey Common Pension Fund D cut its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 0.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,342,745 shares of the network equipment provider's stock after selling 8,153 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Cisco Systems were worth $93,160,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CSCO. Financial Connections Group Inc. raised its holdings in Cisco Systems by 89.4% in the 2nd quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider's stock worth $28,000 after purchasing an additional 193 shares in the last quarter. Pandora Wealth Inc. bought a new position in Cisco Systems in the 1st quarter worth $31,000. Nova Wealth Management Inc. bought a new position in Cisco Systems in the 1st quarter worth $31,000. Brown Shipley& Co Ltd bought a new position in shares of Cisco Systems in the 2nd quarter worth about $32,000. Finally, Fairway Wealth LLC increased its stake in shares of Cisco Systems by 224.7% in the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after acquiring an additional 400 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

Insider Transactions at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 2,718 shares of Cisco Systems stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $68.08, for a total value of $185,041.44. Following the completion of the sale, the executive vice president directly owned 157,184 shares in the company, valued at $10,701,086.72. The trade was a 1.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Oliver Tuszik sold 17,526 shares of Cisco Systems stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the completion of the sale, the executive vice president owned 198,855 shares of the company's stock, valued at $13,512,197.25. This represents a 8.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,965 shares of company stock valued at $5,559,996. Company insiders own 0.01% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on CSCO shares. Piper Sandler increased their price target on shares of Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, August 14th. Barclays increased their price target on shares of Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. JPMorgan Chase & Co. increased their price target on shares of Cisco Systems from $73.00 to $78.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Wells Fargo & Company increased their price target on shares of Cisco Systems from $75.00 to $83.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Finally, Bank of America increased their price target on shares of Cisco Systems from $76.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. One 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $74.72.

Cisco Systems Stock Up 0.5%

NASDAQ:CSCO opened at $70.63 on Friday. The firm has a market cap of $279.21 billion, a P/E ratio of 26.96, a P/E/G ratio of 2.96 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. Cisco Systems, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $72.55. The firm has a 50-day simple moving average of $68.30 and a two-hundred day simple moving average of $65.61.

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 for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. The business had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. Cisco Systems's revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business earned $0.87 EPS. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd were paid a $0.41 dividend. The ex-dividend date was Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.3%. Cisco Systems's payout ratio is currently 62.60%.

Cisco Systems 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.

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