Oppenheimer Asset Management Inc. Reduces Stake in Cisco Systems, Inc. $CSCO

Oppenheimer Asset Management Inc. reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 4.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 697,895 shares of the network equipment provider’s stock after selling 33,618 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Cisco Systems were worth $48,420,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC purchased a new position in Cisco Systems during the second quarter worth $904,542,000. Goldman Sachs Group Inc. increased its position in Cisco Systems by 37.4% during the first quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider’s stock worth $2,898,722,000 after buying an additional 12,775,066 shares in the last quarter. Nuveen LLC purchased a new position in Cisco Systems during the first quarter worth $750,495,000. Pacer Advisors Inc. increased its position in Cisco Systems by 1,144.2% during the first quarter. Pacer Advisors Inc. now owns 8,120,886 shares of the network equipment provider’s stock worth $501,140,000 after buying an additional 7,468,212 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in Cisco Systems by 255.9% during the first quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider’s stock worth $482,509,000 after buying an additional 5,622,672 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Cisco Systems Price Performance

CSCO stock opened at $70.63 on Friday. The stock has a 50-day moving average price of $68.30 and a two-hundred day moving average price of $65.70. The company has a market cap of $279.21 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 2.97 and a beta of 0.97. Cisco Systems, Inc. has a 12-month low of $52.11 and a 12-month high of $72.55. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The company had revenue of $14.67 billion for the quarter, compared to analysts’ expectations of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm 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. As a group, research analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, October 3rd. Cisco Systems’s payout ratio is presently 62.60%.

Wall Street Analyst Weigh In

Several research firms have weighed in on CSCO. Morgan Stanley raised their price target on Cisco Systems from $73.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Bank of America raised their price objective on Cisco Systems from $76.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Evercore ISI raised their price objective on Cisco Systems from $72.00 to $74.00 and gave the stock an “in-line” rating in a report on Thursday, August 14th. HSBC restated a “hold” rating and set a $69.00 price objective on shares of Cisco Systems in a report on Friday, August 15th. Finally, JPMorgan Chase & Co. raised their price objective on Cisco Systems from $73.00 to $78.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $74.72.

Insider Buying and Selling at Cisco Systems

In other news, EVP Oliver Tuszik sold 17,526 shares of Cisco Systems stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the sale, the executive vice president directly owned 198,855 shares of the company’s stock, valued at approximately $13,512,197.25. The trade was a 8.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thimaya K. Subaiya sold 1,744 shares of Cisco Systems stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $66.78, for a total value of $116,464.32. Following the sale, the executive vice president directly owned 158,009 shares in the company, valued at approximately $10,551,841.02. The trade was a 1.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,965 shares of company stock valued at $5,559,996. Company insiders own 0.01% of the company’s stock.

Cisco Systems 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.