OFI Invest Asset Management Lowers Stake in Cisco Systems, Inc. $CSCO

Key Points

• OFI Invest Asset Management reduced its stake in Cisco Systems by 10.2% during Q2, owning approximately 252,117 shares valued at about $17.5 million afterward.
• Key insider transactions included executive sales of over 20,000 shares over recent weeks, with insiders collectively selling nearly 83,000 shares worth $5.56 million in the last three months.
• Wells Fargo raised Cisco's target price from $75 to $83 and the stock currently has a consensus rating of "Moderate Buy" with an average price target of approximately $74.89.

OFI Invest Asset Management lessened its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 10.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 252,117 shares of the network equipment provider's stock after selling 28,728 shares during the period. OFI Invest Asset Management's holdings in Cisco Systems were worth $17,492,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Financial Connections Group Inc. grew its position in Cisco Systems by 89.4% during the second quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider's stock valued at $28,000 after acquiring an additional 193 shares during the period. Brown Shipley& Co Ltd purchased a new stake in Cisco Systems during the second quarter valued at about $32,000. Pandora Wealth Inc. purchased a new stake in Cisco Systems during the first quarter valued at about $31,000. Nova Wealth Management Inc. purchased a new stake in Cisco Systems during the first quarter valued at about $31,000. Finally, Fairway Wealth LLC grew its position in Cisco Systems by 224.7% during 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 during the period. Hedge funds and other institutional investors own 73.33% of the company's stock.

Insider Activity

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 2,718 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $68.08, for a total transaction of $185,041.44. Following the sale, the executive vice president owned 157,184 shares in the company, valued at $10,701,086.72. This represents a 1.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Oliver Tuszik sold 17,526 shares of the company's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $67.95, for a total value of $1,190,891.70. Following the sale, the executive vice president owned 198,855 shares in the company, valued at $13,512,197.25. The trade was a 8.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,965 shares of company stock valued at $5,559,996 over the last three months. Company insiders own 0.01% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CSCO. Wells Fargo & Company upped their target price on Cisco Systems from $75.00 to $83.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Piper Sandler upped their target price on Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. Wall Street Zen downgraded Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. William Blair raised Cisco Systems to a "hold" rating in a research report on Thursday, August 14th. Finally, Evercore ISI upped their target price on Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $74.89.

Cisco Systems Trading Down 2.9%

Shares of CSCO opened at $67.94 on Friday. The company has a market capitalization of $268.58 billion, a P/E ratio of 25.93, a P/E/G ratio of 2.86 and a beta of 0.97. Cisco Systems, Inc. has a one year low of $52.11 and a one year high of $72.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. The stock has a 50-day moving average price of $68.24 and a 200 day moving average price of $64.88.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.Cisco Systems's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.87 earnings per share. 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 forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

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

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