Maryland State Retirement & Pension System Buys 29,610 Shares of Cisco Systems, Inc. $CSCO

Maryland State Retirement & Pension System grew its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 13.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 242,394 shares of the network equipment provider’s stock after purchasing an additional 29,610 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Cisco Systems were worth $26,089,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Halbert Hargrove Global Advisors LLC grew its position in shares of Cisco Systems by 142.5% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 257 shares of the network equipment provider’s stock valued at $28,000 after buying an additional 151 shares during the last quarter. Kings Path Partners LLC acquired a new stake in Cisco Systems during the 3rd quarter worth $31,000. Blueline Advisors LLC acquired a new stake in Cisco Systems during the 3rd quarter worth $32,000. RMG Wealth Management LLC lifted its position in Cisco Systems by 308.7% in the first quarter. RMG Wealth Management LLC now owns 425 shares of the network equipment provider’s stock valued at $33,000 after acquiring an additional 321 shares during the last quarter. Finally, GK Wealth Management LLC purchased a new stake in Cisco Systems in the third quarter valued at $37,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CSCO. Wall Street Zen downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Saturday, November 7th. Truist Financial lifted their target price on Cisco Systems from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Deutsche Bank assumed coverage on Cisco Systems in a report on Tuesday, September 1st. They issued a “buy” rating and a $135.00 target price for the company. Morgan Stanley cut Cisco Systems from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $135.00 to $120.00 in a research report on Thursday, November 5th. Finally, Wells Fargo & Company upped their target price on Cisco Systems from $130.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $127.87.

Cisco Systems Stock Up 2.7%

Shares of NASDAQ:CSCO opened at $100.76 on Thursday. Cisco Systems, Inc. has a 1-year low of $71.72 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 stock has a market cap of $397.26 billion, a P/E ratio of 30.17, a P/E/G ratio of 2.02 and a beta of 1.01. The firm has a fifty day moving average price of $108.16 and a 200 day moving average price of $102.00.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The company had revenue of $17.25 billion for the quarter, compared to analyst estimates of $16.84 billion. During the same period in the previous year, the business posted $0.99 earnings per share. Cisco Systems’s quarterly revenue was up 17.6% on a year-over-year basis. Sell-side analysts predict that Cisco Systems, Inc. will post 4.48 EPS for the current year.

Latest Cisco Systems News

Investors following CSCO have been watching these news items:

• Positive Sentiment: Analysts’ earnings preview points to strong year-over-year growth, with consensus at $1.32 in earnings per share on $18.11 billion in revenue. A history of earnings surprises and expectations for AI infrastructure, hyperscaler investment, and networking demand add to hopes for a beat. Article: Cisco Earnings Preview Article: Will Cisco Beat Estimates Again?
• Neutral Sentiment: Options markets signal elevated uncertainty around earnings, with one report citing an implied move of as much as 15.12%. That points to potential volatility, but not a clear direction. Article: Cisco Systems Could Swing After Earnings
• Negative Sentiment: Some options positioning is described as bearish, and Cisco’s recent technical weakness raises the bar for results. Investors are watching AI orders and margins, while rising costs, competition, and questions about valuation after a strong multiyear run could limit the stock’s upside if results or guidance disappoint. Article: Cisco Earnings Preview: Options Data Bearish Article: Is Cisco Fully Priced?

Insider Activity

In other Cisco Systems news, insider Jeetendra I. Patel sold 7,170 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $111.57, for a total transaction of $799,956.90. Following the completion of the sale, the insider directly owned 230,593 shares of the company’s stock, valued at $25,727,261.01. This represents a 3.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thimaya K. Subaiya sold 5,832 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $111.47, for a total value of $650,093.04. Following the sale, the executive vice president directly owned 128,382 shares of the company’s stock, valued at $14,310,741.54. The trade was a 4.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 44,869 shares of company stock valued at $5,005,620. Insiders own 0.01% of the company’s stock.

Cisco Systems Company Profile

Cisco Systems, Inc. develops networking, cybersecurity, collaboration and observability technologies for businesses, governments and other organizations. Its products include routers, switches, wireless systems and data center infrastructure, along with security software and services that help organizations connect and protect their networks. The company also provides collaboration tools through its Webex platform and observability capabilities through its software offerings, including technology from Splunk, which Cisco acquired in 2024.