Oak Associates Ltd. OH Sells 80,566 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Oak Associates Ltd. OH has reduced its stake in Cisco Systems by 8.1%, now holding approximately 917,464 shares valued at $56.6 million.
• Several other institutional investors have increased their holdings in Cisco, with Brighton Jones LLC growing its position by 49.5% in the last quarter.
• Cisco Systems reported earnings of $0.99 per share for the most recent quarter, beating expectations and projecting guidance for Q1 2026 of $0.970-0.990 EPS.

Oak Associates Ltd. OH cut its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 8.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 917,464 shares of the network equipment provider's stock after selling 80,566 shares during the period. Cisco Systems comprises about 4.2% of Oak Associates Ltd. OH's holdings, making the stock its 5th largest position. Oak Associates Ltd. OH's holdings in Cisco Systems were worth $56,617,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Navigoe LLC acquired a new position in shares of Cisco Systems during the 4th quarter worth approximately $26,000. Mpwm Advisory Solutions LLC purchased a new position in Cisco Systems during the fourth quarter worth $26,000. JDM Financial Group LLC increased its position in Cisco Systems by 160.4% during the fourth quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock worth $29,000 after buying an additional 300 shares in the last quarter. Pandora Wealth Inc. acquired a new position in shares of Cisco Systems in the first quarter worth $31,000. Finally, Fairway Wealth LLC lifted its position in shares of Cisco Systems by 224.7% in the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock valued at $36,000 after acquiring an additional 400 shares in the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Cisco Systems Stock Down 0.5%

NASDAQ:CSCO traded down $0.34 on Friday, reaching $69.09. The stock had a trading volume of 14,952,208 shares, compared to its average volume of 22,683,924. Cisco Systems, Inc. has a 12-month low of $47.85 and a 12-month high of $72.55. The stock has a market cap of $273.60 billion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average of $68.47 and a 200 day moving average of $63.76.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. The firm had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.02%. The firm's revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm 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. On average, research analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be given a $0.41 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.64 annualized dividend and a yield of 2.4%. Cisco Systems's payout ratio is 62.60%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CSCO. Wells Fargo & Company raised their price target on shares of Cisco Systems from $75.00 to $83.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Morgan Stanley raised their target price on shares of Cisco Systems from $67.00 to $70.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Citigroup lifted their target price on shares of Cisco Systems from $68.00 to $71.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. KeyCorp initiated coverage on Cisco Systems in a research note on Thursday, June 26th. They set an "overweight" rating and a $77.00 price target on the stock. Finally, Wolfe Research began coverage on Cisco Systems in a research report on Tuesday, July 8th. They set a "peer perform" rating on the stock. One research 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 presently has an average rating of "Moderate Buy" and an average target price of $74.53.

Insider Activity at Cisco Systems

In related news, SVP Maria Victoria Wong sold 3,162 shares of the business's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $67.28, for a total value of $212,739.36. Following the completion of the sale, the senior vice president directly owned 31,468 shares in the company, valued at approximately $2,117,167.04. The trade was a 9.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Thimaya K. Subaiya sold 7,511 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $66.84, for a total transaction of $502,035.24. Following the completion of the transaction, the executive vice president owned 161,467 shares in the company, valued at $10,792,454.28. The trade was a 4.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,095 shares of company stock valued at $7,841,167. Corporate insiders own 0.01% of the company's stock.

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.