Teacher Retirement System of Texas Has $149.64 Million Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Teacher Retirement System of Texas grew its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,527,760 shares of the network equipment provider's stock after purchasing an additional 216,416 shares during the period. Cisco Systems comprises approximately 0.5% of Teacher Retirement System of Texas' investment portfolio, making the stock its 24th biggest holding. Teacher Retirement System of Texas owned approximately 0.06% of Cisco Systems worth $149,643,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CSCO. FPC Investment Advisory Inc. bought a new stake in Cisco Systems during the 4th quarter worth about $26,000. Campbell Capital Management Inc. acquired a new stake in shares of Cisco Systems in the fourth quarter valued at about $31,000. Highline Wealth Partners LLC raised its holdings in Cisco Systems by 76.7% during the fourth quarter. Highline Wealth Partners LLC now owns 599 shares of the network equipment provider's stock worth $35,000 after acquiring an additional 260 shares in the last quarter. Synergy Investment Management LLC acquired a new position in Cisco Systems during the fourth quarter valued at approximately $36,000. Finally, RPg Family Wealth Advisory LLC bought a new position in Cisco Systems in the third quarter valued at approximately $40,000. Institutional investors own 73.33% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Melius Research raised Cisco Systems from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Morgan Stanley upped their price target on shares of Cisco Systems from $62.00 to $68.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 17th. Rosenblatt Securities raised shares of Cisco Systems from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $66.00 to $80.00 in a research report on Thursday, February 13th. Citigroup reaffirmed an "overweight" rating on shares of Cisco Systems in a report on Thursday, March 6th. Finally, Melius upgraded Cisco Systems from a "hold" rating to a "buy" rating and upped their price objective for the company from $66.00 to $73.00 in a research note on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $66.63.

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Insider Activity at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 762 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $60.99, for a total transaction of $46,474.38. Following the completion of the transaction, the senior vice president now owns 44,155 shares of the company's stock, valued at approximately $2,693,013.45. The trade was a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Charles Robbins sold 31,983 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $64.41, for a total transaction of $2,060,025.03. Following the completion of the sale, the chief executive officer now owns 736,120 shares in the company, valued at $47,413,489.20. This represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,547 shares of company stock valued at $4,275,553 over the last three months. 0.01% of the stock is owned by insiders.

Cisco Systems Price Performance

NASDAQ:CSCO traded up $0.67 during trading hours on Monday, reaching $60.97. 28,313,023 shares of the company were exchanged, compared to its average volume of 18,050,482. The business has a 50 day moving average of $61.95 and a 200 day moving average of $58.17. Cisco Systems, Inc. has a 1-year low of $44.50 and a 1-year high of $66.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.79. The company has a market capitalization of $242.56 billion, a P/E ratio of 26.62, a P/E/G ratio of 4.16 and a beta of 0.79.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.14). Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. Research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd will be given a dividend of $0.41 per share. This is a positive change from Cisco Systems's previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.69%. Cisco Systems's dividend payout ratio (DPR) is currently 71.62%.

Cisco Systems declared that its Board of Directors has approved a share buyback plan on Wednesday, February 12th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the network equipment provider to purchase up to 6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

Cisco Systems Company Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.