Oarsman Capital Inc. Buys 4,437 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Oarsman Capital Inc. increased its stake in Cisco Systems by 15.9% in Q1, acquiring 4,437 additional shares, bringing its total holdings to 32,278 shares valued at approximately $1.99 million.
• Multiple institutional investors, including Goldman Sachs and Pacer Advisors, also significantly increased their positions in Cisco Systems, leading to 73.33% of the stock being owned by institutional investors.
• Cisco reported a quarterly earnings per share (EPS) of $0.99, exceeding estimates, with a planned quarterly dividend of $0.41 to be paid on October 22nd, resulting in an annualized dividend yield of 2.4%.

Oarsman Capital Inc. lifted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 15.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,278 shares of the network equipment provider's stock after acquiring an additional 4,437 shares during the quarter. Oarsman Capital Inc.'s holdings in Cisco Systems were worth $1,992,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of CSCO. Brighton Jones LLC raised its stake in Cisco Systems by 49.5% during the 4th quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider's stock valued at $4,392,000 after purchasing an additional 24,562 shares during the period. Revolve Wealth Partners LLC grew its holdings in shares of Cisco Systems by 37.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider's stock valued at $542,000 after buying an additional 2,474 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its position in Cisco Systems by 0.4% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 114,448 shares of the network equipment provider's stock valued at $6,775,000 after buying an additional 460 shares during the period. PDT Partners LLC purchased a new stake in Cisco Systems in the 4th quarter worth about $659,000. Finally, Voleon Capital Management LP acquired a new stake in Cisco Systems during the 4th quarter worth about $2,278,000. 73.33% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 7,511 shares of the company's stock in a transaction dated 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 sale, the executive vice president directly owned 161,467 shares in the company, valued at $10,792,454.28. This represents 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 available at the SEC website. 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 completion of the transaction, the insider 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. Over the last three months, insiders sold 119,095 shares of company stock valued at $7,841,167. 0.01% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CSCO shares. Rosenblatt Securities reiterated a "buy" rating and issued a $87.00 target price on shares of Cisco Systems in a report on Thursday, August 14th. KeyCorp assumed coverage on shares of Cisco Systems in a research note on Thursday, June 26th. They issued an "overweight" rating and a $77.00 price objective on the stock. 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. Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a "hold" rating to a "buy" rating and upped their price target for the stock from $65.00 to $73.00 in a research note on Monday, June 16th. Finally, William Blair raised Cisco Systems to a "hold" rating in a research report 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 issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $74.53.

Cisco Systems Stock Down 0.5%

Shares of CSCO traded down $0.34 during trading hours on Friday, hitting $69.09. 14,952,208 shares of the company were exchanged, compared to its average volume of 22,683,924. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 1.01. The company has a market cap of $273.60 billion, a PE ratio of 26.37, a PEG ratio of 2.94 and a beta of 0.91. The firm's 50 day moving average is $68.47 and its 200-day moving average is $63.76. Cisco Systems, Inc. has a 52 week low of $47.85 and a 52 week high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. Cisco Systems had a return on equity of 27.02% and a net margin of 18.45%.The business had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. During the same period last year, the business earned $0.87 EPS. The firm'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. On average, equities research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be given a dividend of $0.41 per share. The ex-dividend date of this dividend 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.