Oak Asset Management LLC Has $3.01 Million Stake in Cisco Systems, Inc. $CSCO

Oak Asset Management LLC trimmed its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,347 shares of the network equipment provider’s stock after selling 275 shares during the period. Cisco Systems accounts for about 1.1% of Oak Asset Management LLC’s portfolio, making the stock its 26th biggest holding. Oak Asset Management LLC’s holdings in Cisco Systems were worth $3,007,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CSCO. Brighton Jones LLC lifted its position in shares of Cisco Systems by 49.5% in the fourth quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider’s stock valued at $4,392,000 after buying an additional 24,562 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Cisco Systems by 37.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider’s stock valued at $542,000 after purchasing an additional 2,474 shares during the period. Retirement Planning Group LLC grew its holdings in Cisco Systems by 3.2% in the 4th quarter. Retirement Planning Group LLC now owns 12,496 shares of the network equipment provider’s stock valued at $740,000 after buying an additional 393 shares in the last quarter. Alpine Global Management LLC bought a new position in Cisco Systems during the 4th quarter worth $233,000. Finally, Pinney & Scofield Inc. acquired a new stake in shares of Cisco Systems during the fourth quarter worth $88,000. 73.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. HSBC reissued a “hold” rating and issued a $69.00 target price on shares of Cisco Systems in a research report on Friday, August 15th. Hsbc Global Res lowered shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Piper Sandler raised their price target on shares of Cisco Systems from $64.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, August 14th. Bank of America raised their price target on shares of Cisco Systems from $76.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Finally, William Blair raised Cisco Systems to a “hold” rating in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $74.53.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, CEO Charles Robbins sold 30,557 shares of Cisco Systems stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the transaction, the chief executive officer directly owned 639,000 shares of the company’s stock, valued at approximately $42,576,570. The trade was a 4.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeetendra I. Patel sold 9,061 shares of Cisco Systems stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $603,462.60. Following the transaction, the insider directly owned 237,405 shares in the company, valued at $15,811,173. The trade was a 3.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 65,439 shares of company stock worth $4,369,104 over the last three months. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Trading Down 0.7%

Shares of CSCO stock opened at $68.21 on Friday. The firm has a market capitalization of $269.65 billion, a P/E ratio of 26.03, a P/E/G ratio of 2.87 and a beta of 0.99. Cisco Systems, Inc. has a twelve month low of $51.42 and a twelve month high of $72.55. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The stock’s fifty day simple moving average is $68.14 and its 200 day simple moving average is $64.13.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The business had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.Cisco Systems’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 EPS. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. As a group, sell-side analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be given a dividend of $0.41 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.4%. Cisco Systems’s payout ratio is currently 62.60%.

About Cisco Systems

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.