Cisco Systems, Inc. $CSCO Shares Bought by Oak Harvest Investment Services

Oak Harvest Investment Services lifted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 13.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 202,242 shares of the network equipment provider’s stock after buying an additional 23,420 shares during the quarter. Cisco Systems comprises 1.8% of Oak Harvest Investment Services’ portfolio, making the stock its 9th biggest holding. Oak Harvest Investment Services’ holdings in Cisco Systems were worth $14,032,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC acquired a new position in shares of Cisco Systems during the second quarter worth approximately $28,000. Financial Connections Group Inc. increased its holdings in shares of Cisco Systems by 89.4% in the second quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock valued at $28,000 after purchasing an additional 193 shares in the last quarter. Brown Shipley& Co Ltd bought a new position in Cisco Systems in the 2nd quarter worth approximately $32,000. Pandora Wealth Inc. bought a new position in Cisco Systems in the 1st quarter worth approximately $31,000. Finally, Nova Wealth Management Inc. acquired a new position in Cisco Systems during the 1st quarter worth $31,000. Institutional investors own 73.33% of the company’s stock.

Insider Activity

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 7,511 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $66.84, for a total value of $502,035.24. Following the completion of the transaction, the executive vice president directly owned 161,467 shares of the company’s stock, valued at approximately $10,792,454.28. The trade was a 4.44% 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. Also, EVP Oliver Tuszik sold 17,526 shares of the stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $67.95, for a total value of $1,190,891.70. Following the completion of the sale, the executive vice president owned 198,855 shares of the company’s stock, valued at $13,512,197.25. This trade represents a 8.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 33,089 shares of company stock worth $2,236,383 over the last quarter. Corporate insiders own 0.01% of the company’s stock.

Cisco Systems Price Performance

Shares of CSCO opened at $77.38 on Friday. The stock has a market cap of $304.93 billion, a P/E ratio of 29.53, a price-to-earnings-growth ratio of 3.00 and a beta of 0.95. Cisco Systems, Inc. has a 1 year low of $52.11 and a 1 year high of $79.50. The stock’s 50-day moving average price is $69.64 and its two-hundred day moving average price is $67.27. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The business had revenue of $14.88 billion for the quarter, compared to the consensus estimate of $14.77 billion. During the same period last year, the company posted $0.91 EPS. Cisco Systems’s revenue for the quarter was up 7.5% on a year-over-year basis. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS. Q2 2026 guidance at 1.010-1.030 EPS. On average, equities analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Friday, January 2nd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, January 2nd. Cisco Systems’s dividend payout ratio (DPR) is currently 62.60%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Citigroup lifted their target price on Cisco Systems from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday. Hsbc Global Res cut Cisco Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Morgan Stanley lifted their price objective on Cisco Systems from $77.00 to $82.00 and gave the stock an “overweight” rating in a research report on Thursday. HSBC restated a “hold” rating and set a $69.00 target price on shares of Cisco Systems in a research report on Friday, August 15th. Finally, Piper Sandler raised their target price on shares of Cisco Systems from $70.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday. Sixteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.32.

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.