Cisco Holdings Increase Amid Strong Investor Interest

CreativeOne Wealth LLC increased its holdings in Cisco Systems, Inc. by 28.9% in the third quarter, acquiring an additional 20,458 shares. The fund now owns 91,172 shares worth $4,852,000. Several other institutional investors, including Healthcare of Ontario Pension Plan Trust Fund, also expanded their stakes, with some more than doubling their holdings. Cisco Systems’ stock recently traded at $59.29, showing a 12-month range between $44.50 and $59.87. The company posted quarterly earnings of $0.91 per share, exceeding analysts’ expectations of $0.87. Insiders have sold a total of 339,479 shares in the last three months, valued at $19.49 million. The average analyst rating for Cisco Systems is “Moderate Buy” with an average target price of $59.94.