Employees Retirement System of Texas Makes New $5.18 Million Investment in Cisco Systems, Inc. $CSCO

Employees Retirement System of Texas bought a new stake in Cisco Systems, Inc. (NASDAQ:CSCO) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 74,605 shares of the network equipment provider’s stock, valued at approximately $5,176,000.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Cisco Systems by 1.3% in the second quarter. Vanguard Group Inc. now owns 393,989,568 shares of the network equipment provider’s stock valued at $27,334,996,000 after buying an additional 5,039,714 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Cisco Systems by 1.2% in the second quarter. Geode Capital Management LLC now owns 99,252,395 shares of the network equipment provider’s stock valued at $6,864,058,000 after acquiring an additional 1,157,704 shares during the last quarter. Invesco Ltd. raised its stake in shares of Cisco Systems by 10.4% in the first quarter. Invesco Ltd. now owns 47,117,146 shares of the network equipment provider’s stock valued at $2,907,599,000 after acquiring an additional 4,437,450 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Cisco Systems by 37.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider’s stock worth $2,898,722,000 after acquiring an additional 12,775,066 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in Cisco Systems by 46.2% during the 2nd quarter. Franklin Resources Inc. now owns 40,836,858 shares of the network equipment provider’s stock worth $2,833,261,000 after acquiring an additional 12,904,969 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Morgan Stanley lifted their price objective on Cisco Systems from $77.00 to $82.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. Evercore ISI raised their target price on Cisco Systems from $74.00 to $80.00 and gave the company an “in-line” rating in a research note on Thursday, November 13th. Rosenblatt Securities lifted their price target on Cisco Systems from $87.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Hsbc Global Res lowered shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Finally, UBS Group raised their price objective on shares of Cisco Systems from $88.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Seventeen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.14.

Cisco Systems Price Performance

Shares of CSCO stock opened at $76.07 on Thursday. The firm has a market cap of $300.56 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 3.00 and a beta of 0.95. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $80.06. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average price of $71.38 and a 200 day moving average price of $68.48.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company had revenue of $14.88 billion for the quarter, compared to the consensus estimate of $14.77 billion. During the same period in the prior year, the company posted $0.91 EPS. The company’s revenue was up 7.5% compared to the same quarter last year. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS. Q2 2026 guidance at 1.010-1.030 EPS. Research analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd will be given a dividend of $0.41 per share. The ex-dividend date is Friday, January 2nd. This represents a $1.64 annualized dividend and a dividend yield of 2.2%. Cisco Systems’s payout ratio is presently 61.65%.

Insider Buying and Selling

In related news, insider Jeetendra I. Patel sold 163,896 shares of the company’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $77.86, for a total value of $12,760,942.56. Following the completion of the sale, the insider owned 281,108 shares in the company, valued at approximately $21,887,068.88. This represents a 36.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Thimaya K. Subaiya sold 56,038 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $78.33, for a total value of $4,389,456.54. Following the transaction, the executive vice president owned 179,780 shares in the company, valued at approximately $14,082,167.40. This trade represents a 23.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,024,627 shares of company stock worth $79,621,482 over the last 90 days. 0.01% of the stock is currently owned by corporate insiders.

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.