Cisco Systems Sees Boost from Occidental Asset Management

Occidental Asset Management LLC has made a new investment in Cisco Systems, Inc. (CSCO) worth approximately $5.73 million.

The fund acquired 48,756 shares of the network equipment provider's stock in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission.

This new investment comes as other institutional investors are also increasing their stakes in Cisco Systems. Cozad Asset Management Inc. lifted its stake by 0.3% in the first quarter, while Dogwood Wealth Management LLC grew its stake by 3.9% during the second quarter.