Wellington Management Group LLP increased its holdings in Cisco Systems, Inc. in the fourth quarter, owning over 47 million shares worth $2.38 billion. Other institutional investors also made changes with small stake increases. CEO Carlos Robbins and Executive VP Deborah L. Stahlkopf sold shares recently. Cisco Systems’ stock actions show a high-low range, and financial figures look positive, exceeding analysts’ estimates. The company also announced a quarterly dividend, and analysts forecast future growth. Cisco Systems, based in the US, designs and sells internet protocol-based networks and related products globally, including switching, routing, wireless, and computing technologies.
Wall Street analysts have expressed a positive outlook on Cisco Systems’ stock, with target price increases and buy ratings. For more information, check the latest filings and insider trading reports on HoldingsChannel.com. Stay updated on Cisco Systems news and receive daily summaries and analyst ratings by subscribing to MarketBeat.com’s free newsletter.
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