B. Metzler seel. Sohn & Co. AG Trims Cisco Holdings Amid Record Results

B. Metzler seel. Sohn & Co. AG, an institutional investor, has reduced its holdings in Cisco Systems, Inc., a network equipment provider.

The firm trimmed its position by 14.9% in the second quarter, selling 141,659 shares and leaving it with 809,027 shares of Cisco's stock.

B. Metzler seel. Sohn & Co. AG owned 0.8% of Cisco Systems' portfolio, making it the company's 28th biggest position, valued at $95,028,000 at the end of the quarter.

Cisco Systems reported record fiscal-year results, with product revenue increasing 24% year over year and total quarterly revenue rising 18% to $17.25 billion, exceeding analysts' estimates.