Cisco Systems Stock Attracts Institutional Investors

Cisco Systems, Inc., a leading network equipment provider, has seen its stock being acquired by several institutional investors in recent quarters. Paragon Financial Partners Inc. was one of them, acquiring a new position in shares of Cisco Systems during the second quarter. According to the company's most recent disclosure with the Securities & Exchange Commission, Paragon Financial Partners Inc. acquired 10,871 shares of the stock, valued at approximately $1,261,000.

This represents about 0.7% of Paragon Financial Partners Inc.'s portfolio, making Cisco Systems its 21st biggest position.

Other hedge funds have also modified their holdings of the stock in recent quarters, with Brighton Jones LLC raising its position by 49.5% and Revolve Wealth Partners LLC growing its position by 37.0%. Schnieders Capital Management LLC increased its stake in shares of Cisco Systems by 3.9%, while Marshall Wace LLP bought an additional 590,650 shares during the period.

Cisco Systems has been performing well, with record quarterly revenue of approximately $17.3 billion, up 18% year over year, and non-GAAP earnings per share reaching $1.22. The company also issued an optimistic fiscal 2027 outlook, supporting its growth case.