State of Alaska Department of Revenue Has $37.82 Million Stake in Cisco Systems, Inc. $CSCO

by · The Cerbat Gem

State of Alaska Department of Revenue reduced its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 4.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 552,714 shares of the network equipment provider’s stock after selling 23,777 shares during the quarter. State of Alaska Department of Revenue’s holdings in Cisco Systems were worth $37,816,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Cisco Systems by 49.5% during the fourth quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider’s stock worth $4,392,000 after purchasing an additional 24,562 shares during the period. Revolve Wealth Partners LLC lifted its position in Cisco Systems by 37.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider’s stock worth $542,000 after buying an additional 2,474 shares in the last quarter. SCS Capital Management LLC acquired a new stake in shares of Cisco Systems during the 1st quarter valued at $1,638,000. Integrity Alliance LLC. grew its holdings in shares of Cisco Systems by 88.9% during the 1st quarter. Integrity Alliance LLC. now owns 49,988 shares of the network equipment provider’s stock valued at $3,085,000 after acquiring an additional 23,532 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Cisco Systems by 15.5% in the first quarter. Geneos Wealth Management Inc. now owns 35,255 shares of the network equipment provider’s stock worth $2,176,000 after acquiring an additional 4,722 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CSCO shares. Barclays lifted their price objective on Cisco Systems from $71.00 to $76.00 and gave the company an “equal weight” rating in a research report on Thursday, November 13th. Evercore ISI lifted their price target on Cisco Systems from $74.00 to $80.00 and gave the company an “in-line” rating in a report on Thursday, November 13th. Citigroup boosted their price target on Cisco Systems from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. BNP Paribas Exane raised their price objective on shares of Cisco Systems from $76.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, November 13th. Finally, Wells Fargo & Company boosted their target price on shares of Cisco Systems from $83.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, November 13th. Sixteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Cisco Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.23.

View Our Latest Report on Cisco Systems

Cisco Systems Stock Down 1.0%

CSCO opened at $73.96 on Friday. The firm has a market cap of $292.22 billion, a P/E ratio of 27.80, a price-to-earnings-growth ratio of 2.83 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. The business has a 50 day moving average price of $76.38 and a 200 day moving average price of $71.31. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $80.82.

Cisco Systems (NASDAQ:CSCO – Get Free Report) last announced its quarterly earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 EPS for the quarter, beating the consensus estimate of $0.98 by $0.02. Cisco Systems had a return on equity of 27.29% and a net margin of 18.38%.The company had revenue of $14.88 billion for the quarter, compared to the consensus estimate of $14.77 billion. During the same quarter last year, the company posted $0.91 earnings per share. The company’s revenue for the quarter 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. Research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The company 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 of this dividend is Friday, January 2nd. This represents a $1.64 dividend on an annualized basis and a yield of 2.2%. Cisco Systems’s payout ratio is currently 61.65%.

Insider Activity at Cisco Systems

In other news, Director Kristina M. Johnson sold 13,481 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $4,753,521.90. This trade represents a 17.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Charles Robbins sold 116,734 shares of Cisco Systems stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $77.30, for a total value of $9,023,538.20. Following the completion of the transaction, the chief executive officer owned 704,153 shares in the company, valued at $54,431,026.90. The trade was a 14.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,044,865 shares of company stock valued at $81,397,635. 0.01% of the stock is owned by corporate insiders.

About Cisco Systems

(Free Report)

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.

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