Oak Asset Management LLC reduced its stake in Cisco Systems, Inc. by 3.2% during the first quarter, selling 1,400 shares and owning 42,612 shares worth $2,127,000. Other hedge funds also made changes to their positions in the company. Analysts have varied opinions on Cisco Systems stock, with a consensus rating of “hold” and a target price of $56.47. There have been internal activities at Cisco Systems, with insiders selling shares, and the company recently announced a quarterly dividend of $0.40 per share. Cisco Systems posted its earnings results on May 15th, with revenue of $12.70 billion and earnings per share of $0.88. The company has a market capitalization of $191.41 billion and a beta of 0.85. Cisco Systems designs, manufactures, and sells networking products globally, including switches, routers, wireless products, and computing capabilities.
Article Source
https://www.defenseworld.net/2024/07/01/oak-asset-management-llc-decreases-holdings-in-cisco-systems-inc-nasdaqcsco.html
Oak Asset Management LLC cuts its stake in Cisco Systems, Inc. (NASDAQ:CSCO)
