Strs Ohio Makes New $122.25 Million Investment in Cisco Systems, Inc. $CSCO

Key Points

• Strs Ohio invested $122.25 million in Cisco Systems during the first quarter, acquiring nearly 2 million shares, making it their 25th largest holding.
• Several institutional investors have significantly increased their stakes in Cisco, with Goldman Sachs boosting their holdings by 37.4% during the same period, now holding almost 47 million shares.
• Cisco recently announced a quarterly dividend of $0.41 per share, which will be paid on October 22nd, reflecting a 2.4% dividend yield for investors.

Strs Ohio acquired a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,981,102 shares of the network equipment provider's stock, valued at approximately $122,254,000. Cisco Systems accounts for approximately 0.5% of Strs Ohio's portfolio, making the stock its 25th biggest holding. Strs Ohio owned 0.05% of Cisco Systems at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its holdings in shares of Cisco Systems by 37.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider's stock valued at $2,898,722,000 after buying an additional 12,775,066 shares during the last quarter. Nuveen LLC bought a new position in Cisco Systems in the 1st quarter worth approximately $750,495,000. Pacer Advisors Inc. increased its position in Cisco Systems by 1,144.2% in the 1st quarter. Pacer Advisors Inc. now owns 8,120,886 shares of the network equipment provider's stock worth $501,140,000 after buying an additional 7,468,212 shares during the period. GAMMA Investing LLC grew its position in Cisco Systems by 7,096.5% in the first quarter. GAMMA Investing LLC now owns 6,718,402 shares of the network equipment provider's stock valued at $414,593,000 after acquiring an additional 6,625,045 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in Cisco Systems by 255.9% in the first quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider's stock worth $482,509,000 after purchasing an additional 5,622,672 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on CSCO. Barclays boosted their price objective on Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. CICC Research initiated coverage on Cisco Systems in a report on Monday, July 14th. They issued an "outperform" rating and a $78.00 price target for the company. Bank of America increased their price objective on Cisco Systems from $76.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Wells Fargo & Company increased their price objective on Cisco Systems from $75.00 to $83.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Finally, William Blair raised Cisco Systems to a "hold" rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $74.53.

Insider Activity

In other news, EVP Thimaya K. Subaiya sold 8,726 shares of Cisco Systems stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $65.54, for a total transaction of $571,902.04. Following the completion of the transaction, the executive vice president directly owned 174,669 shares in the company, valued at approximately $11,447,806.26. This trade represents a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $651,547.80. Following the sale, the executive vice president directly owned 161,662 shares of the company's stock, valued at approximately $10,766,689.20. The trade was a 5.71% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 84,953 shares of company stock valued at $5,637,512. 0.01% of the stock is currently owned by insiders.

Cisco Systems Trading Up 1.2%

NASDAQ CSCO opened at $68.13 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a twelve month low of $47.85 and a twelve month high of $72.55. The company has a market cap of $269.33 billion, a price-to-earnings ratio of 26.00, a price-to-earnings-growth ratio of 2.83 and a beta of 0.99. The business's fifty day moving average is $68.34 and its 200 day moving average is $63.95.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. The firm had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The business's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous 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. As a group, sell-side analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders 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 of this dividend is Friday, October 3rd. Cisco Systems's dividend payout ratio (DPR) is 62.60%.

About Cisco Systems

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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