Allspring Global Investments Holdings LLC increased its stake in Cisco Systems, Inc. by 16%, bringing its total shares to 1,288,768, valued at $64,322,000. Other institutional investors also made changes, such as Eagle Capital Management LLC and Tributary Capital Management LLC acquiring new positions in Cisco. Analysts have mixed views on CSCO stock, with Oppenheimer giving an “outperform” rating while Morgan Stanley downgrading it to “hold.” Insider trading saw EVP Deborah L. Stahlkopf selling shares, as well as CEO Charles Robbins. Cisco’s shares fell by 0.5%, starting at $47.28 on Wednesday, with financial indicators showing a healthy performance. Cisco announced a quarterly dividend of $0.40 per share to be paid on July 24th. The company’s diverse product offerings and global presence contribute to its market position and financial stability.
Article Source
https://www.defenseworld.net/2024/07/03/allspring-global-investments-holdings-llc-purchases-177588-shares-of-cisco-systems-inc-nasdaqcsco.html
Allspring Global Investments Holdings LLC Acquires 177,588 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)
