Canandaigua National Bank & Trust Co. Acquires New Holdings in Cisco Systems
Canandaigua National Bank & Trust Co., a financial institution, has made an investment in Cisco Systems, Inc. (NASDAQ:CSCO) by buying 85,810 shares of the network equipment provider's stock during the second quarter.
The purchase was valued at approximately $10,079,000 and comprises about 0.8% of Canandaigua National Bank & Trust Co.'s investment portfolio, making Cisco Systems its 25th largest holding.
This is not an isolated instance; several other hedge funds have also modified their holdings in CSCO during the same quarter.
For example, Norges Bank bought a new position in shares of Cisco Systems worth approximately $4,473,272,000, while Auto Owners Insurance Co. boosted its stake in Cisco Systems by 8,718.3% in the fourth quarter, now owning 51,952,421 shares valued at $400,190,000.