State Street Corp Purchases 13,512,872 Shares of Cisco Systems, Inc. $CSCO

State Street Corp grew its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 7.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 207,106,569 shares of the network equipment provider’s stock after acquiring an additional 13,512,872 shares during the quarter. State Street Corp owned 0.05% of Cisco Systems worth $25,278,492,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bridgewater Advisors Inc. bought a new stake in Cisco Systems during the second quarter worth $6,442,000. WCG Wealth Advisors LLC grew its position in shares of Cisco Systems by 101.8% in the 4th quarter. WCG Wealth Advisors LLC now owns 107,306 shares of the network equipment provider’s stock valued at $8,266,000 after acquiring an additional 54,141 shares during the period. Beacon Pointe Advisors LLC acquired a new position in shares of Cisco Systems during the 2nd quarter worth about $60,009,000. Vise Technologies Inc. increased its stake in shares of Cisco Systems by 47.1% during the 4th quarter. Vise Technologies Inc. now owns 200,341 shares of the network equipment provider’s stock worth $15,432,000 after purchasing an additional 64,144 shares during the last quarter. Finally, ABN AMRO Bank N.V. bought a new stake in shares of Cisco Systems in the 2nd quarter valued at about $19,114,000. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CSCO shares. Piper Sandler reduced their price target on Cisco Systems from $132.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday. Truist Financial upped their price objective on Cisco Systems from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. KeyCorp raised their price objective on Cisco Systems from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. HSBC downgraded Cisco Systems from a “buy” rating to a “hold” rating and reduced their target price for the stock from $137.00 to $120.00 in a research note on Friday, August 14th. Finally, Freedom Capital upgraded Cisco Systems from a “hold” rating to a “strong-buy” rating in a research note on Sunday, August 16th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.36.

Cisco Systems Stock Performance

Shares of NASDAQ:CSCO traded down $6.73 during trading on Tuesday, reaching $104.73. 12,946,770 shares of the stock were exchanged, compared to its average volume of 22,671,264. Cisco Systems, Inc. has a 12 month low of $66.81 and a 12 month high of $130.37. The stock has a 50-day moving average price of $112.87 and a 200-day moving average price of $104.79. The company has a current ratio of 0.93, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39. The firm has a market cap of $412.90 billion, a PE ratio of 31.40, a PEG ratio of 2.28 and a beta of 1.00.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.05. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%.The business had revenue of $17.25 billion during the quarter, compared to analysts’ expectations of $16.84 billion. During the same period last year, the firm posted $0.99 EPS. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. 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. Research analysts expect that Cisco Systems, Inc. will post 4.43 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Friday, October 2nd will be paid a $0.42 dividend. The ex-dividend date is Friday, October 2nd. This represents a $1.68 annualized dividend and a dividend yield of 1.6%. Cisco Systems’s dividend payout ratio is 50.30%.

Key Cisco Systems News

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

• Positive Sentiment: Cisco’s AI and cybersecurity positioning remains a supportive long-term theme. Its Splunk integration is expanding capabilities in network visibility, security, and enterprise AI governance, including self-managed AI agents operating behind corporate firewalls. Cisco Moves Higher as Splunk Takes Agents Behind the Firewall
• Positive Sentiment: Recent fundamentals remain strong: Cisco’s latest quarterly release showed revenue of approximately $17.3 billion, up about 18% year over year, and non-GAAP EPS of $1.22, exceeding consensus. Fiscal 2027 guidance also indicated continued growth.
• Positive Sentiment: Analyst price targets remain generally above recent trading levels, with a six-month median target of $130 and some targets as high as $150. Cisco’s dividend and announced share-repurchase program may also provide shareholder support.

Insiders Place Their Bets

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 5,832 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $111.47, for a total value of $650,093.04. Following the completion of the sale, the executive vice president owned 128,382 shares of the company’s stock, valued at $14,310,741.54. The trade was a 4.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeetendra I. Patel sold 7,170 shares of the firm’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 transaction, the insider directly owned 230,593 shares in the company, valued at $25,727,261.01. This represents a 3.02% 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. Insiders sold a total of 44,869 shares of company stock valued at $5,005,620 in the last three months. Insiders own 0.01% of the company’s stock.

Cisco Systems Profile

Cisco Systems, Inc is a global technology company that provides networking, cybersecurity, collaboration, observability and other information technology solutions. Its offerings include routers, switches, wireless networking equipment, data center infrastructure, security platforms, unified communications tools and software designed to help organizations connect, manage and protect their digital environments.

Cisco serves businesses, government agencies, educational institutions, telecommunications providers and other organizations worldwide.