BlackRock Amends Cisco Stake, Signals Portfolio Adjustment

TL;DR

**BlackRock just updated its Cisco holdings, signaling a portfolio rebalance.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating a change in their ownership of Cisco Systems, Inc. common stock as of December 31, 2023. This filing, Amendment No. 12, updates their previous disclosures regarding their passive investment in Cisco. For investors, this matters because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in their investment strategy or outlook on Cisco's future performance.

Why It Matters

This filing shows BlackRock, a major institutional investor, has adjusted its passive stake in Cisco, which can influence market perception and potentially stock price.

Risk Assessment

Risk Level: low — This is a routine amendment by a passive institutional investor and does not indicate any immediate or significant risk to the company or its shareholders.

Analyst Insight

An investor should note that a major institutional investor like BlackRock is adjusting its position, but without specific share count changes, it's hard to gauge the exact impact. This is likely a routine portfolio rebalancing rather than a strong bullish or bearish signal.

Key Players & Entities

• BlackRock Inc. (company) — the reporting person filing the SC 13G/A
• Cisco Systems, Inc. (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 25, 2024 (date) — the filing date of the SC 13G/A
• 17275R102 (other) — the CUSIP number for Cisco Systems, Inc. Common Stock
• Amendment No: 12 (other) — the specific amendment number for this filing

Forward-Looking Statements

• BlackRock will continue to hold a significant, but passive, stake in Cisco Systems, Inc. (BlackRock Inc.) — high confidence, target: December 31, 2024

FAQ

From the Filing

0001086364-24-003207.txt : 20240125 0001086364-24-003207.hdr.sgml : 20240125 20240125134849 ACCESSION NUMBER: 0001086364-24-003207 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240125 DATE AS OF CHANGE: 20240125 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CISCO SYSTEMS, INC. CENTRAL INDEX KEY: 0000858877 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] ORGANIZATION NAME: 06 Technology IRS NUMBER: 770059951 STATE OF INCORPORATION: DE FISCAL YEAR END: 0727 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-41279 FILM NUMBER: 24561005 BUSINESS ADDRESS: STREET 1: 170 WEST TASMAN DR CITY: SAN JOSE STATE: CA ZIP: 95134-1706 BUSINESS PHONE: 4085264000 MAIL ADDRESS: STREET 1: 170 WEST TASMAN DR CITY: SAN JOSE STATE: CA ZIP: 95134-1706 FORMER COMPANY: FORMER CONFORMED NAME: CISCO SYSTEMS INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us17275r1023_012524.txt us17275r1023_012524.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 12) CISCO SYSTEMS, INC. -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 17275R102 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 17275R102 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 318608139 (6) Shared voting power 0 (7) Sole dispositive power 351115676 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 351115676 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 8.6% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- CISCO SYSTEMS, INC. Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 170 WEST TASMAN DR SAN JOSE CA 95134-1706 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b)