In the first quarter, Kovack Advisors Inc. increased its holdings in Cisco Systems by 15.7%, owning 26,827 shares worth $1,339,000. Other hedge funds and institutional investors have also modified their holdings in Cisco Systems, with Norges Bank buying a new stake worth $2,528,939,000. Analyst ratings for CSCO have been mixed, with a consensus hold rating and an average price target of $56.47. Insider trading activities have seen CEO Charles Robbins and Executive Vice President Deborah L. Stahlkopf selling shares recently. Cisco Systems stock performance has been steady, with shares opening at $47.09 on Friday. The company’s quarterly results showed an EPS of $0.88 on revenue of $12.7 billion, beating analysts’ estimates. Cisco Systems also announced a quarterly dividend of $0.40, with a dividend yield of 3.40%. Cisco Systems, Inc. is a leading provider of networking and related products, serving industries worldwide with a diverse portfolio of products and services.
Article Source
https://www.defenseworld.net/2024/07/05/kovack-advisors-inc-purchases-3638-shares-of-cisco-systems-inc-nasdaqcsco.html
