International Assets Investment Management LLC increased its stake in Cisco Systems, Inc. by 15.6% during the first quarter, as reported in their recent SEC disclosure. The company now holds 39,625 shares of the network equipment provider, with a value of $1,983,000. Other institutional investors have also adjusted their holdings in Cisco Systems recently, including Mcintyre Freedman & Flynn Investment Advisers Inc. and Hyman Charles D. The company’s stock performance on NASDAQ shows a current price of $47.29 with a market capitalization of $190.52 billion.
Insiders at Cisco Systems have been actively buying and selling shares, with CEO Carlos Robbins selling a significant number of shares in May. The company also announced a quarterly dividend payment of $0.40 per share, with a yield of 3.38%. Analysts have set new price targets for the stock, with various ratings ranging from sell to buy. Cisco Systems designs and sells internet protocol-based networks and related products worldwide, with a comprehensive portfolio of switching, routing, wireless, and computing solutions.
Overall, Cisco Systems continues to show strong financial performance, beating earnings estimates and maintaining a solid dividend payout. The company’s stock has received mixed ratings from analysts, reflecting varying opinions on its future prospects. As the company navigates the competitive tech industry landscape, its innovative products and strategic investments will be key factors to watch for potential growth.
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