Canada Pension Plan Investment Board Has $1.12 Billion Stock Position in Cisco Systems, Inc. $CSCO

Canada Pension Plan Investment Board reduced its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 9,573,194 shares of the network equipment provider’s stock after selling 318,259 shares during the period. Canada Pension Plan Investment Board’s holdings in Cisco Systems were worth $1,124,467,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CSCO. BlackRock Inc. acquired a new stake in shares of Cisco Systems in the 2nd quarter valued at approximately $42,129,647,000. State Street Corp lifted its stake in Cisco Systems by 0.5% in the 4th quarter. State Street Corp now owns 195,521,161 shares of the network equipment provider’s stock valued at $15,060,995,000 after purchasing an additional 1,057,962 shares during the last quarter. Morgan Stanley boosted its position in Cisco Systems by 0.3% in the fourth quarter. Morgan Stanley now owns 75,326,258 shares of the network equipment provider’s stock valued at $5,802,382,000 after buying an additional 206,352 shares in the last quarter. Invesco Ltd. grew its stake in shares of Cisco Systems by 11.6% during the fourth quarter. Invesco Ltd. now owns 59,836,782 shares of the network equipment provider’s stock worth $4,609,227,000 after buying an additional 6,224,062 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Cisco Systems during the fourth quarter worth $4,473,272,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Stock Up 0.8%

Shares of NASDAQ:CSCO opened at $111.11 on Wednesday. Cisco Systems, Inc. has a 1 year low of $66.13 and a 1 year high of $130.37. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.79. The business’s 50-day moving average is $115.65 and its 200-day moving average is $100.78. The company has a market capitalization of $437.93 billion, a price-to-earnings ratio of 33.27, a P/E/G ratio of 2.16 and a beta of 1.02.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. The business had revenue of $17.25 billion during the quarter, compared to the consensus estimate of $16.84 billion. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%.The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 earnings per share. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. Equities research analysts predict that Cisco Systems, Inc. will post 4.44 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Friday, October 2nd will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.68 annualized dividend and a yield of 1.5%. Cisco Systems’s dividend payout ratio is currently 50.30%.

Insiders Place Their Bets

In other Cisco Systems news, EVP Oliver Tuszik sold 2,760 shares of Cisco Systems stock in a transaction on Friday, August 14th. The shares were sold at an average price of $112.46, for a total value of $310,389.60. Following the completion of the sale, the executive vice president directly owned 165,276 shares of the company’s stock, valued at approximately $18,586,938.96. The trade was a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Robbins sold 21,628 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $111.54, for a total transaction of $2,412,387.12. Following the transaction, the chief executive officer directly owned 602,710 shares in the company, valued at $67,226,273.40. This trade represents a 3.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 53,611 shares of company stock valued at $6,066,680. 0.01% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CSCO has been the topic of a number of research reports. Argus boosted their price objective on Cisco Systems from $100.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Bank of America upped their price objective on Cisco Systems from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Weiss Ratings upgraded shares of Cisco Systems from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Citic Securities boosted their target price on shares of Cisco Systems from $90.00 to $130.00 in a report on Friday, May 15th. Finally, KeyCorp raised their price target on shares of Cisco Systems from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Cisco Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.43.

Trending Headlines about Cisco Systems

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

• Positive Sentiment: Expanded NVIDIA and Supermicro partnership: Cisco is adding Supermicro (NASDAQ: SMCI) rack-scale AI servers to its NVIDIA-backed Secure AI Factory offering. The combined architecture pairs Cisco networking and security with high-performance computing, potentially helping Cisco capture more spending from hyperscalers, neoclouds, sovereign clouds and enterprise AI deployments. Cisco Expands Secure AI Factory with NVIDIA for the Rack-Scale Era
• Positive Sentiment: AI infrastructure demand is broadening: Cisco’s expanded offering is designed to address the power, cooling, security and data-control requirements of increasingly demanding AI workloads. The initiative may increase Cisco’s content per deployment and make its products more relevant as customers seek integrated, quickly deployable systems. Exclusive: Cisco expands Nvidia partnership for AI data center boom
• Positive Sentiment: Supportive analyst sentiment: Cisco’s average brokerage recommendation remains bullish, while recent coverage points to strong AI-related orders and upbeat fiscal 2027 infrastructure revenue guidance. This follows the company’s latest earnings beat and could reinforce confidence in its growth outlook. Wall Street Bulls Look Optimistic About Cisco
• Neutral Sentiment: New Canadian offering: Cisco launched sovereign critical-infrastructure solutions in Canada, giving governments and organizations more control over data and technology choices. The announcement supports Cisco’s public-sector and sovereign-cloud strategy, but near-term financial impact is unclear. Cisco Launches Sovereign Critical Infrastructure in Canada
• Negative Sentiment: Valuation and execution risks: Cisco trades at a relatively elevated earnings multiple after its recent rally, and investors previously sold the stock despite strong results and guidance. Cisco also faces competition from NVIDIA, Supermicro and other AI-connectivity suppliers, which could limit margins or market share.

Cisco Systems Profile

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.