Butensky & Cohen Cuts Cisco Stake by 27% Amid Growing Demand for AI Infrastructure

Butensky & Cohen Financial Security Inc., a financial institution, has recently disclosed its updated holdings in Cisco Systems, Inc. (NASDAQ:CSCO). According to their latest SEC filing, they reduced their position in Cisco shares by 27% during the second quarter of this year.

The company now owns approximately 62,823 shares of Cisco's stock, which is valued at $7.38 million. This represents about 1.8% of Butensky & Cohen Financial Security Inc.'s portfolio and makes it their fourth-largest holding in Cisco Systems.

Cisco Systems has been a focus of attention for investors due to its strong performance in the recent past, with many analysts predicting continued growth driven by demand for AI infrastructure and networking equipment. The company's share price currently stands at $120.46, which is near its 52-week high.