Cornerstone Wealth Management LLC increased its holdings in Cisco Systems by 2.4% in the first quarter according to a recent filing with the SEC. They now own 38,053 shares of the networking equipment vendor, worth $1,899,000. Other institutional investors have also made changes to their positions in Cisco Systems, with some increasing their holdings significantly. Insider trading activity has also been reported, with senior vice presidents selling shares recently. Cisco Systems’ shares fell by 0.4% and currently have a market capitalization of $189.72 billion. The company announced quarterly earnings, beating analysts’ estimates and reporting a return on equity of 30.82%. They also announced a quarterly dividend of $0.40 per share. Wall Street analysts have issued varied reports on the company, with some maintaining a buy rating and others downgrading their recommendations. Cisco Systems offers a wide range of networking and related products to various industries worldwide. Investors can track the latest updates on Cisco Systems through various financial platforms.
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https://www.defenseworld.net/2024/07/05/cornerstone-wealth-management-llc-raises-stock-position-in-cisco-systems-inc-nasdaqcsco.html
