Abbot Financial Management Inc. Doubles Down on Cisco Systems

Cisco Systems, Inc.'s stock has been a major focus for investors in recent months. One such investor is Abbot Financial Management Inc., which acquired a new stake in Cisco Systems in the second quarter. According to the company's most recent filing with the Securities and Exchange Commission (SEC), Abbot Financial Management Inc. purchased 62,086 shares of Cisco Systems' stock valued at approximately $7,293,000.

Cisco Systems comprises 2.5% of Abbot Financial Management Inc.'s holdings, making it the company's 9th biggest position. This is not an isolated incident, as several other large investors have also modified their holdings of Cisco Systems in recent quarters. Norges Bank acquired a new position in shares of Cisco Systems in the fourth quarter valued at $4,473,272,000.

Auto Owners Insurance Co boosted its stake in Cisco Systems by 8,718.3% during the fourth quarter. As of now, Auto Owners Insurance Co owns 51,952,421 shares of Cisco Systems' stock worth $400,190,000 after purchasing an additional 51,363,281 shares during the period.