Thornburg Investment Management Inc. Buys 163,721 Shares of Cisco Systems, Inc. $CSCO

26 Feb 2026, 16:36 by Sarita Garza · The Markets Daily

Thornburg Investment Management Inc. raised its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 6.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,611,890 shares of the network equipment provider’s stock after buying an additional 163,721 shares during the quarter. Cisco Systems comprises 2.3% of Thornburg Investment Management Inc.’s portfolio, making the stock its 12th largest holding. Thornburg Investment Management Inc. owned approximately 0.07% of Cisco Systems worth $178,706,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Cisco Systems by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 393,989,568 shares of the network equipment provider’s stock worth $27,334,996,000 after acquiring an additional 5,039,714 shares during the period. State Street Corp boosted its stake in Cisco Systems by 0.6% during the second quarter. State Street Corp now owns 194,695,250 shares of the network equipment provider’s stock valued at $13,507,956,000 after buying an additional 1,067,872 shares during the period. Geode Capital Management LLC grew its position in Cisco Systems by 1.2% during the second quarter. Geode Capital Management LLC now owns 99,252,395 shares of the network equipment provider’s stock worth $6,864,058,000 after buying an additional 1,157,704 shares in the last quarter. Norges Bank bought a new position in Cisco Systems in the 2nd quarter worth about $3,816,825,000. Finally, Invesco Ltd. raised its holdings in shares of Cisco Systems by 3.0% in the 2nd quarter. Invesco Ltd. now owns 48,531,251 shares of the network equipment provider’s stock valued at $3,367,098,000 after acquiring an additional 1,414,105 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Cisco Systems Price Performance

CSCO stock opened at $79.12 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 0.96. The firm has a market cap of $312.52 billion, a P/E ratio of 27.76, a P/E/G ratio of 2.95 and a beta of 0.87. The firm’s fifty day moving average is $77.78 and its 200 day moving average is $73.62. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week high of $88.18.

Cisco Systems (NASDAQ:CSCO – Get Free Report) last posted its quarterly earnings results on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.02. The business had revenue of $15.35 billion during the quarter, compared to analyst estimates of $15.11 billion. Cisco Systems had a net margin of 19.22% and a return on equity of 27.88%. The company’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.94 earnings per share. Research analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Thursday, April 2nd will be given a $0.42 dividend. The ex-dividend date is Thursday, April 2nd. This is an increase from Cisco Systems’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a yield of 2.1%. Cisco Systems’s dividend payout ratio is presently 57.54%.

Insider Transactions at Cisco Systems

In related news, Director Michael D. Capellas sold 16,150 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $77.28, for a total transaction of $1,248,072.00. Following the completion of the sale, the director directly owned 157,218 shares in the company, valued at $12,149,807.04. This represents a 9.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jeetendra I. Patel sold 11,248 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $76.00, for a total transaction of $854,848.00. Following the completion of the transaction, the insider owned 262,776 shares in the company, valued at $19,970,976. The trade was a 4.10% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 75,677 shares of company stock valued at $5,811,211. 0.01% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. BNP Paribas Exane boosted their price objective on Cisco Systems from $86.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. UBS Group lifted their target price on shares of Cisco Systems from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Bank of America boosted their price target on shares of Cisco Systems from $85.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. CICC Research raised their price objective on shares of Cisco Systems from $84.00 to $96.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Finally, Argus raised shares of Cisco Systems to a “strong-buy” rating in a report on Friday, February 13th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Cisco Systems currently has an average rating of “Moderate Buy” and a consensus price target of $89.55.

Check Out Our Latest Report on CSCO

About Cisco Systems

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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.