Oliver Lagore Vanvalin Investment Group Invests $263,000 in Cisco Systems, Inc. $CSCO

Key Points

• Oliver Lagore Vanvalin Investment Group has acquired a new stake in Cisco Systems, purchasing 3,791 shares valued at approximately $263,000 during the second quarter.
• In the second quarter, several hedge funds increased their stakes in Cisco, with institutional investors now holding 73.33% of the stock.
• Cisco announced a quarterly dividend of $0.41 per share, to be paid on October 22nd, representing a 2.4% yield based on its annualized dividend.

Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 3,791 shares of the network equipment provider's stock, valued at approximately $263,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in shares of Cisco Systems by 49.5% during the fourth quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider's stock worth $4,392,000 after purchasing an additional 24,562 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Cisco Systems by 37.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider's stock worth $542,000 after buying an additional 2,474 shares in the last quarter. PharVision Advisers LLC purchased a new position in shares of Cisco Systems in the fourth quarter worth about $325,000. Focus Partners Advisor Solutions LLC lifted its stake in shares of Cisco Systems by 30.4% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 68,904 shares of the network equipment provider's stock worth $4,079,000 after buying an additional 16,061 shares in the last quarter. Finally, Novem Group purchased a new position in shares of Cisco Systems in the fourth quarter worth about $649,000. 73.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CSCO has been the topic of a number of analyst reports. HSBC reaffirmed a "hold" rating and set a $69.00 target price on shares of Cisco Systems in a research note on Friday, August 15th. JPMorgan Chase & Co. boosted their price target on shares of Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Bank of America boosted their price target on shares of Cisco Systems from $76.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Wells Fargo & Company boosted their price target on shares of Cisco Systems from $75.00 to $83.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a "hold" rating to a "buy" rating and boosted their price target for the company from $65.00 to $73.00 in a research note on Monday, June 16th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Cisco Systems has an average rating of "Moderate Buy" and an average price target of $74.53.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 9,783 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $651,547.80. Following the sale, the executive vice president directly owned 161,662 shares of the company's stock, valued at $10,766,689.20. This trade represents a 5.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thimaya K. Subaiya sold 7,511 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $66.84, for a total transaction of $502,035.24. Following 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,439 shares of company stock worth $4,369,104. Company insiders own 0.01% of the company's stock.

Cisco Systems Stock Performance

Cisco Systems stock traded down $0.47 during trading hours on Friday, reaching $68.21. 47,786,669 shares of the stock were exchanged, compared to its average volume of 15,962,866. The stock has a market cap of $269.65 billion, a P/E ratio of 26.03, a P/E/G ratio of 2.87 and a beta of 0.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. Cisco Systems, Inc. has a 52-week low of $51.42 and a 52-week high of $72.55. The firm's 50 day moving average is $68.14 and its 200 day moving average is $64.13.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The business had revenue of $14.67 billion for the quarter, compared to analysts' expectations of $14.63 billion. During the same period in the prior year, the company posted $0.87 EPS. The business's revenue for the quarter 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 predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be paid 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 dividend yield of 2.4%. Cisco Systems's dividend payout ratio is 62.60%.

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.