Illinois Municipal Retirement Fund Has $34.49 Million Stake in Cisco Systems, Inc. $CSCO

Posted by Francis Steltz on Jun 11th, 2026

Illinois Municipal Retirement Fund reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 4.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 447,714 shares of the network equipment provider’s stock after selling 21,712 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Cisco Systems were worth $34,487,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CSCO. RM Financial Services LLC bought a new position in Cisco Systems in the fourth quarter valued at approximately $681,000. J.Safra Asset Management Corp lifted its stake in Cisco Systems by 39.8% during the fourth quarter. J.Safra Asset Management Corp now owns 20,895 shares of the network equipment provider’s stock worth $1,610,000 after purchasing an additional 5,949 shares during the last quarter. GWN Securities Inc. acquired a new stake in shares of Cisco Systems in the 4th quarter valued at $203,000. Financiere des Professionnels Fonds d investissement inc. boosted its holdings in shares of Cisco Systems by 3,365.3% in the 4th quarter. Financiere des Professionnels Fonds d investissement inc. now owns 65,841 shares of the network equipment provider’s stock valued at $5,072,000 after purchasing an additional 63,941 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Cisco Systems by 2.4% in the 4th quarter. Deutsche Bank AG now owns 16,387,458 shares of the network equipment provider’s stock valued at $1,262,326,000 after purchasing an additional 381,061 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CSCO shares. Evercore upped their price objective on Cisco Systems from $110.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Weiss Ratings upgraded Cisco Systems from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Citic Securities boosted their target price on Cisco Systems from $90.00 to $130.00 in a research note on Friday, May 15th. Wells Fargo & Company increased their target price on shares of Cisco Systems from $95.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Finally, Barclays lifted their price target on shares of Cisco Systems from $76.00 to $121.00 and gave the company an “equal weight” rating in a report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Cisco Systems presently has an average rating of “Moderate Buy” and a consensus target price of $120.18.

View Our Latest Stock Analysis on CSCO

Insider Buying and Selling at Cisco Systems

In other news, insider Jeetendra I. Patel sold 7,169 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $117.28, for a total transaction of $840,780.32. Following the completion of the transaction, the insider owned 246,737 shares of the company’s stock, valued at approximately $28,937,315.36. This trade represents a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deborah L. Stahlkopf sold 6,586 shares of Cisco Systems stock in a transaction on Friday, May 15th. The stock was sold at an average price of $117.31, for a total transaction of $772,603.66. Following the transaction, the executive vice president owned 177,223 shares in the company, valued at approximately $20,790,030.13. This trade represents a 3.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 49,029 shares of company stock valued at $5,382,699 in the last quarter. 0.01% of the stock is currently owned by corporate insiders.

Key Stories Impacting Cisco Systems

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

Positive Sentiment: Investor commentary from Patrick Moorhead said the AI buildout is still intact and named Cisco as one of the companies best positioned to benefit, which supports the bull case for CSCO as AI infrastructure spending continues. The AI buildout is still intact — what to buy this week
Positive Sentiment: Another AI-focused segment repeated Cisco as a preferred way to play ongoing data-center and networking demand, keeping attention on CSCO as a beneficiary of enterprise AI spending. The AI Buildout Is Still Intact — Stocks To Buy This Week
Positive Sentiment: Market research showing double-digit growth in campus switch shipments and rising prices due to component shortages suggests healthy networking demand, which could support Cisco’s core switching business. 1Q 2026 Campus Switch Shipments Grow Double Digits as Prices Rise Due to Component Shortages, According to Dell’Oro Group
Neutral Sentiment: Cisco was included on a list of solid stocks to buy amid broad market strength and AI-driven momentum, but the mention was more thematic than company-specific. 4 Solid Stocks to Buy as S&P 500 Hits Fresh All-Time Closing High
Neutral Sentiment: Short-interest data showed no meaningful change, so this does not appear to be a major trading signal for CSCO right now.
Negative Sentiment: A broader tech pullback and Nasdaq weakness may be weighing on Cisco shares today, especially after recent gains across the sector. Nasdaq Composite Falls to 5-Week Low Amid Tech Pullback
Negative Sentiment: One article argued Cisco stock is overvalued, which could be nudging sentiment lower even though it also said the valuation is more justified than during the dot-com era. Cisco: Stock Price Overvalued But More Justified Than Dot-Com Era

Cisco Systems Trading Down 1.3%

Shares of CSCO stock opened at $118.80 on Thursday. The firm has a market capitalization of $468.24 billion, a P/E ratio of 38.57, a P/E/G ratio of 3.07 and a beta of 1.01. Cisco Systems, Inc. has a twelve month low of $63.87 and a twelve month high of $130.37. The company has a quick ratio of 0.81, a current ratio of 0.92 and a debt-to-equity ratio of 0.40. The stock’s fifty day simple moving average is $100.53 and its 200 day simple moving average is $85.94.

Cisco Systems (NASDAQ:CSCO – Get Free Report) last issued its earnings results on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.03. Cisco Systems had a return on equity of 28.44% and a net margin of 20.14%.The business had revenue of $15.84 billion during the quarter, compared to analysts’ expectations of $15.56 billion. During the same quarter in the prior year, the firm earned $0.96 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. Cisco Systems has set its Q4 2026 guidance at 1.160-1.180 EPS and its FY 2026 guidance at 4.270-4.290 EPS. As a group, sell-side analysts predict that Cisco Systems, Inc. will post 3.54 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Monday, July 6th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, July 6th. Cisco Systems’s dividend payout ratio (DPR) is 54.55%.

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.