Bank of Hawaii Reduces Holdings in Cisco Systems, Inc. $CSCO

Key Points

• Bank of Hawaii reduced its holdings in Cisco Systems, Inc. by 11.3%, selling 5,106 shares in the first quarter, bringing its total ownership to 40,137 shares valued at approximately $2.48 million.
• Several other institutional investors increased their stakes, with Wealth Enhancement Advisory Services boosting its holdings by 28.9% and Investment Management Corp of Ontario increasing theirs by 44.6%.
• Cisco Systems announced a quarterly dividend of $0.41 per share, representing a 2.4% yield, with the payment scheduled for October 22nd.

Bank of Hawaii reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 11.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,137 shares of the network equipment provider's stock after selling 5,106 shares during the quarter. Bank of Hawaii's holdings in Cisco Systems were worth $2,477,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS lifted its stake in shares of Cisco Systems by 0.7% in the first quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider's stock worth $55,049,000 after buying an additional 6,501 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in Cisco Systems by 10.8% in the 1st quarter. Golden State Wealth Management LLC now owns 6,298 shares of the network equipment provider's stock valued at $389,000 after acquiring an additional 612 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Cisco Systems by 28.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,037,909 shares of the network equipment provider's stock worth $249,180,000 after purchasing an additional 904,548 shares in the last quarter. Investment Management Corp of Ontario boosted its holdings in shares of Cisco Systems by 44.6% during the 4th quarter. Investment Management Corp of Ontario now owns 193,478 shares of the network equipment provider's stock worth $11,454,000 after purchasing an additional 59,680 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Cisco Systems by 2.6% during the 1st quarter. IFP Advisors Inc now owns 111,510 shares of the network equipment provider's stock worth $6,882,000 after purchasing an additional 2,839 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. HSBC reaffirmed a "hold" rating and issued a $69.00 price target on shares of Cisco Systems in a report on Friday, August 15th. Evercore ISI raised their target price on Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a research note on Thursday, August 14th. Barclays boosted their price target on shares of Cisco Systems from $66.00 to $71.00 and gave the company an "equal weight" rating in a research report on Thursday, August 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating and raised their price objective for the stock from $65.00 to $73.00 in a research report on Monday, June 16th. Finally, William Blair upgraded shares of Cisco Systems to a "hold" rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat, Cisco Systems has a consensus rating of "Moderate Buy" and a consensus target price of $74.53.

Insider Buying and Selling

In other Cisco Systems news, insider Jeetendra I. Patel sold 9,061 shares of the company's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $603,462.60. Following the transaction, the insider directly owned 237,405 shares in the company, valued at $15,811,173. This represents a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of Cisco Systems stock in a transaction on Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $651,547.80. Following the completion of the sale, the executive vice president directly owned 161,662 shares of the company's stock, valued at $10,766,689.20. The trade was a 5.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 135,118 shares of company stock valued at $8,847,167 over the last quarter. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Stock Up 0.4%

Shares of NASDAQ:CSCO opened at $67.32 on Monday. The company has a market capitalization of $266.59 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 2.75 and a beta of 0.91. Cisco Systems, Inc. has a 12-month low of $47.85 and a 12-month high of $72.55. The business has a 50-day moving average price of $68.20 and a 200 day moving average price of $63.57. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.02%. The company had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. During the same quarter last year, the firm posted $0.87 earnings per share. Cisco Systems's revenue was up 7.6% compared to the same quarter last year. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Sell-side analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems's dividend payout ratio (DPR) is 62.60%.

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.

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