Mirador Capital Partners LP sold a significant portion of its holdings in Cisco Systems, Inc. during the first quarter, reducing its position by 77.6%. Other big investors have also made changes to their positions in the company. Insider trading has been observed in Cisco Systems, with Executive Vice President Deborah L. Stahlkopf selling shares multiple times in recent months.
Despite these changes, Cisco Systems shares rose slightly, with a trading volume of 3,757,731 shares on Monday. The company has recently posted strong earnings results, surpassing analyst expectations. Cisco Systems has also announced a quarterly dividend for its shareholders.
Several equity research analysts have issued reports on Cisco Systems, with varying ratings and price targets. The company’s profile includes designing, manufacturing, and selling Internet protocol-based networks and related products worldwide.
Overall, Cisco Systems continues to be a prominent player in the communications and information technology industry, with a diverse product portfolio and global presence.
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https://www.defenseworld.net/2024/07/01/cisco-systems-inc-nasdaqcsco-shares-sold-by-mirador-capital-partners-lp.html
