Brookstone Capital Management has increased its holdings in Cisco Systems, Inc. by 9.4% during the first quarter, with the fund owning 55,083 shares worth $2,749,000. Other hedge funds have also adjusted their positions in Cisco Systems recently. CEO Carlos Robbins and Executive Vice President Deborah L. Stahlkopf have sold shares of the company in internal transactions.
In terms of analyst ratings, Citigroup, Deutsche Bank Aktiengesellschaft, BNP Paribas, Morgan Stanley, and Needham & Company LLC have all provided recent insights on Cisco Systems. The company’s shares have seen a 1.3% rise, opening at $47.45 on Friday. Cisco Systems reported strong quarterly results, beating analyst estimates with an EPS of $0.88.
Additionally, Cisco Systems announced a quarterly dividend, with a yield of 3.37%. The company’s profile includes its offerings in Internet Protocol-based networking products and related services. Investors can receive daily news and ratings on Cisco Systems by subscribing to MarketBeat.com’s email newsletter.
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