Oak Harvest Investment Services Boosts Stake in Cisco Systems, Inc. $CSCO

Key Points

• Oak Harvest Investment Services increased its investment in Cisco Systems, acquiring an additional 25,584 shares, bringing its total to 178,822 shares, valued at approximately $11 million.
• Cisco recently reported a quarterly EPS of $0.99, surpassing expectations and showing a 7.6% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.41 per share, reflecting a 2.4% dividend yield for investors.

Oak Harvest Investment Services lifted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 16.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 178,822 shares of the network equipment provider's stock after acquiring an additional 25,584 shares during the quarter. Cisco Systems accounts for approximately 1.5% of Oak Harvest Investment Services' investment portfolio, making the stock its 15th biggest holding. Oak Harvest Investment Services' holdings in Cisco Systems were worth $11,035,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Navigoe LLC purchased a new stake in shares of Cisco Systems during the 4th quarter worth about $26,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Cisco Systems during the 4th quarter worth about $26,000. JDM Financial Group LLC boosted its stake in shares of Cisco Systems by 160.4% during the 4th quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock worth $29,000 after acquiring an additional 300 shares in the last quarter. Pandora Wealth Inc. purchased a new stake in shares of Cisco Systems during the 1st quarter worth about $31,000. Finally, Fairway Wealth LLC boosted its stake in shares of Cisco Systems by 224.7% during the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after acquiring an additional 400 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CSCO. Wall Street Zen lowered shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Citigroup raised their price target on shares of Cisco Systems from $68.00 to $71.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. New Street Research reaffirmed a "neutral" rating and issued a $70.00 price target on shares of Cisco Systems in a research note on Friday, May 16th. KeyCorp began coverage on shares of Cisco Systems in a research note on Thursday, June 26th. They issued an "overweight" rating and a $77.00 price target on the stock. Finally, Barclays raised 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 note on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat, Cisco Systems has an average rating of "Moderate Buy" and an average price target of $74.53.

Cisco Systems Stock Up 0.4%

CSCO stock opened at $67.32 on Friday. The company has a market cap of $266.59 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 2.87 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. Cisco Systems, Inc. has a 12 month low of $47.85 and a 12 month high of $72.55. The firm has a 50-day moving average of $68.20 and a two-hundred day moving average of $63.56.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released 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 company had revenue of $14.67 billion during 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%. Cisco Systems's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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, analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be issued 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 dividend yield of 2.4%. Cisco Systems's dividend payout ratio (DPR) is currently 62.60%.

Insider Buying and Selling at Cisco Systems

In other news, SVP Maria Victoria Wong sold 475 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $68.61, for a total transaction of $32,589.75. Following the completion of the sale, the senior vice president owned 34,630 shares in the company, valued at $2,375,964.30. This trade represents a 1.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Charles Robbins sold 30,557 shares of the firm's stock in a transaction that occurred on 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 sale, the chief executive officer owned 639,000 shares of the company's stock, valued at $42,576,570. This represents a 4.56% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,118 shares of company stock worth $8,847,167. Insiders own 0.01% of the company's stock.

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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