New York Life Investment Management LLC Lowers Stake in Cisco Systems, Inc. $CSCO

New York Life Investment Management LLC reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 580,025 shares of the network equipment provider’s stock after selling 18,432 shares during the quarter. New York Life Investment Management LLC’s holdings in Cisco Systems were worth $39,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of CSCO. Bare Financial Services Inc grew its position in shares of Cisco Systems by 531.0% during the second quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider’s stock worth $25,000 after purchasing an additional 308 shares in the last quarter. Marquette Asset Management LLC bought a new position in Cisco Systems in the 3rd quarter worth approximately $25,000. Legacy Investment Solutions LLC purchased a new stake in Cisco Systems during the 2nd quarter valued at approximately $28,000. Lowe Wealth Advisors LLC raised its position in shares of Cisco Systems by 96.2% during the third quarter. Lowe Wealth Advisors LLC now owns 408 shares of the network equipment provider’s stock valued at $28,000 after buying an additional 200 shares during the last quarter. Finally, Cedar Mountain Advisors LLC lifted its holdings in shares of Cisco Systems by 115.7% in the third quarter. Cedar Mountain Advisors LLC now owns 468 shares of the network equipment provider’s stock worth $32,000 after buying an additional 251 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CSCO. Evercore raised their target price on shares of Cisco Systems from $100.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. BNP Paribas Exane raised their price objective on Cisco Systems from $76.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, November 13th. Piper Sandler lifted their target price on Cisco Systems from $70.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, November 13th. JPMorgan Chase & Co. increased their price target on Cisco Systems from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. Finally, Melius Research raised their price target on Cisco Systems from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $94.23.

Insider Buying and Selling

In other news, Director Kristina M. Johnson sold 13,481 shares of the stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $77.13, for a total value of $1,039,789.53. Following the sale, the director directly owned 61,630 shares in the company, valued at approximately $4,753,521.90. This represents a 17.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Charles Robbins sold 116,734 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $77.30, for a total value of $9,023,538.20. Following the transaction, the chief executive officer owned 704,153 shares of the company’s stock, valued at approximately $54,431,026.90. The trade was a 14.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,044,865 shares of company stock worth $81,397,635 over the last three months. 0.01% of the stock is currently owned by company insiders.

Cisco Systems Stock Performance

NASDAQ CSCO opened at $84.78 on Monday. The business’s 50 day moving average price is $77.35 and its 200-day moving average price is $72.65. Cisco Systems, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $85.00. The company has a market cap of $334.97 billion, a P/E ratio of 31.87, a P/E/G ratio of 3.21 and a beta of 0.87. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.83 and a current ratio of 0.93.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, November 12th. The network equipment provider reported $1.00 EPS for the quarter, topping the consensus estimate of $0.98 by $0.02. Cisco Systems had a net margin of 18.38% and a return on equity of 27.29%. The company had revenue of $14.88 billion during the quarter, compared to analyst estimates of $14.77 billion. During the same period in the previous year, the firm earned $0.91 earnings per share. Cisco Systems’s quarterly 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 and its Q2 2026 guidance at 1.010-1.030 EPS. Sell-side analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 21st. Investors of record on Friday, January 2nd were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, January 2nd. Cisco Systems’s dividend payout ratio is presently 61.65%.

About Cisco Systems

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.