Mutual of America Capital Management LLC Cuts Stock Position in Cisco Systems, Inc. $CSCO

Mutual of America Capital Management LLC decreased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 5.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 429,192 shares of the network equipment provider’s stock after selling 26,981 shares during the period. Mutual of America Capital Management LLC’s holdings in Cisco Systems were worth $29,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CSCO. Cullen Frost Bankers Inc. increased its stake in Cisco Systems by 4.3% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 588,908 shares of the network equipment provider’s stock worth $40,293,000 after buying an additional 24,033 shares in the last quarter. Retirement Systems of Alabama lifted its stake in shares of Cisco Systems by 2.4% in the third quarter. Retirement Systems of Alabama now owns 2,749,479 shares of the network equipment provider’s stock worth $188,119,000 after buying an additional 63,213 shares in the last quarter. First Citizens Bank & Trust Co. grew its stake in Cisco Systems by 1.2% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 282,216 shares of the network equipment provider’s stock valued at $19,309,000 after acquiring an additional 3,230 shares in the last quarter. MBM Wealth Consultants LLC raised its holdings in Cisco Systems by 3.7% in the 3rd quarter. MBM Wealth Consultants LLC now owns 6,522 shares of the network equipment provider’s stock valued at $446,000 after acquiring an additional 230 shares during the last quarter. Finally, Sawgrass Asset Management LLC lifted its stake in Cisco Systems by 39.0% in the 3rd quarter. Sawgrass Asset Management LLC now owns 193,514 shares of the network equipment provider’s stock worth $13,240,000 after purchasing an additional 54,319 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Piper Sandler increased their price target on Cisco Systems from $70.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, November 13th. Citigroup boosted their target price on shares of Cisco Systems from $80.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Wall Street Zen downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. President Capital lowered their price objective on shares of Cisco Systems from $90.00 to $88.00 in a research report on Wednesday, December 24th. Finally, Erste Group Bank raised Cisco Systems from a “hold” rating to a “buy” rating in a research note on Monday, November 10th. Fifteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $85.86.

Cisco Systems Stock Up 0.3%

Shares of NASDAQ:CSCO opened at $74.59 on Monday. The firm has a 50 day simple moving average of $76.62 and a 200-day simple moving average of $71.78. The company has a market capitalization of $294.71 billion, a PE ratio of 28.04, a P/E/G ratio of 2.82 and a beta of 0.87. The company has a current ratio of 0.93, a quick ratio of 0.83 and a debt-to-equity ratio of 0.46. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $80.82.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. Cisco Systems had a net margin of 18.38% and a return on equity of 27.29%. The business had revenue of $14.88 billion during the quarter, compared to analysts’ expectations of $14.77 billion. During the same period in the prior year, the company earned $0.91 earnings per share. The business’s 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. On average, equities analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, January 2nd. Cisco Systems’s payout ratio is currently 61.65%.

Insider Buying and Selling

In related news, SVP Maria Victoria Wong sold 428 shares of Cisco Systems stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $80.33, for a total transaction of $34,381.24. Following the sale, the senior vice president owned 32,176 shares of the company’s stock, valued at $2,584,698.08. The trade was a 1.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael D. Capellas sold 10,850 shares of the business’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $77.13, for a total value of $836,860.50. Following the completion of the transaction, the director owned 146,368 shares in the company, valued at approximately $11,289,363.84. This trade represents a 6.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,044,865 shares of company stock valued at $81,397,635. 0.01% of the stock is owned by insiders.

Cisco Systems Company Profile

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.