St. Johns Investment Management Company LLC recently decreased its shares in Cisco Systems by 12.8%, holding 19,787 shares worth $988,000. Other hedge funds also made changes, including Norges Bank purchasing a significant position. Internal transactions at Cisco involved EVP Deborah L. Stahlkopf and CEO Carlos Robbins selling shares. Analysts have given various ratings to Cisco, with the consensus being to hold the stock. Cisco’s recent earnings beat estimates, with a return on equity of 30.82%. The company also announced a quarterly dividend. Cisco Systems designs and sells network products globally, including switching, routing, wireless, and computing offerings.
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https://www.defenseworld.net/2024/06/27/st-johns-investment-management-company-llc-has-988000-stock-position-in-cisco-systems-inc-nasdaqcsco.html
