Oliver Luxxe Assets LLC Invests $5.08 Million in Cisco Systems, Inc. $CSCO

Key Points

• Oliver Luxxe Assets LLC purchased 73,182 shares of Cisco Systems, Inc., valued at approximately $5,077,000, as reported in their 13F filing.
• Cisco Systems reported $0.99 EPS for the recent quarter, exceeding analysts' expectations and showcasing a 7.6% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.41 per share, with a dividend yield of 2.4% and an upcoming payment date on October 22nd.

Oliver Luxxe Assets LLC acquired a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 73,182 shares of the network equipment provider's stock, valued at approximately $5,077,000.

Other hedge funds have also modified their holdings of the company. Kornitzer Capital Management Inc. KS raised its holdings in shares of Cisco Systems by 0.7% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider's stock worth $55,049,000 after acquiring an additional 6,501 shares in the last quarter. Golden State Wealth Management LLC grew its position in shares of Cisco Systems by 10.8% during the 1st quarter. Golden State Wealth Management LLC now owns 6,298 shares of the network equipment provider's stock worth $389,000 after buying an additional 612 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Cisco Systems by 255.9% during the 1st 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. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Cisco Systems by 28.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,037,909 shares of the network equipment provider's stock worth $249,180,000 after purchasing an additional 904,548 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of Cisco Systems by 2.6% during the 1st quarter. IFP Advisors Inc now owns 111,510 shares of the network equipment provider's stock worth $6,882,000 after purchasing an additional 2,839 shares during the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Cisco Systems Trading Down 0.7%

Shares of CSCO stock traded down $0.46 on Monday, hitting $67.75. The stock had a trading volume of 20,383,682 shares, compared to its average volume of 17,512,462. The company's 50 day moving average price is $68.14 and its 200-day moving average price is $64.17. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. Cisco Systems, Inc. has a 1 year low of $51.89 and a 1 year high of $72.55. The firm has a market capitalization of $267.83 billion, a P/E ratio of 25.86, a P/E/G ratio of 2.87 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. During the same quarter in the prior year, the business earned $0.87 EPS. Cisco Systems's revenue was up 7.6% on a year-over-year basis. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

The business also recently disclosed 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. This represents a $1.64 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's dividend payout ratio (DPR) is presently 62.60%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Hsbc Global Res cut Cisco Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Deutsche Bank Aktiengesellschaft upgraded Cisco Systems from a "hold" rating to a "buy" rating and raised their price objective for the stock from $65.00 to $73.00 in a research note on Monday, June 16th. 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 research note on Thursday, August 14th. Wolfe Research began coverage on Cisco Systems in a research note on Tuesday, July 8th. They issued a "peer perform" rating for the company. Finally, JPMorgan Chase & Co. raised their target price 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 assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, Cisco Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.53.

Insider Buying and Selling at Cisco Systems

In other news, insider Jeetendra I. Patel sold 9,061 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $603,462.60. Following the completion of the transaction, the insider directly owned 237,405 shares of the company's stock, valued at approximately $15,811,173. This represents a 3.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $651,547.80. Following the completion of the transaction, the executive vice president directly owned 161,662 shares of the company's stock, valued at $10,766,689.20. The trade was a 5.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,965 shares of company stock worth $5,559,996. 0.01% of the stock is currently owned by company insiders.

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.