CGN Advisors Sells Nearly One-Third of Its Cisco Stake

Cisco Systems, Inc., a network equipment provider, has been a focal point of interest for institutional investors and analysts alike. According to its most recent 13F filing with the SEC, CGN Advisors LLC trimmed its stake in shares of Cisco Systems by 30.8% in the second quarter. The fund owned 29,900 shares of the company's stock after selling 13,327 shares during the period.

The sale reduced CGN Advisors' holdings in Cisco Systems to $3,512,000 at the end of the most recent quarter. This is not an isolated instance; other hedge funds have also made adjustments to their positions in the company. World Investment Advisors raised its holdings in Cisco Systems by 15.4% in the fourth quarter and now owns 198,549 shares worth $13,905,000.

WCG Wealth Advisors LLC increased its holdings in shares of Cisco Systems by 101.8% in the fourth quarter, while Vise Technologies Inc. raised its holdings by 47.1% during the same period. Western Wealth Management LLC boosted its position in shares of Cisco Systems by 60.5% during the first quarter.

The company's stock has been trading near its highs ahead of earnings, suggesting continued investor demand. Analysts remain broadly bullish on Cisco Systems, with some even expecting Q4 upside and revenue above consensus estimates.