Cisco Systems Continues to Attract Institutional Investors

Cisco Systems, Inc. continues to attract institutional investors as First Nebraska Trust Co purchased a new position in the company's stock in the first quarter.

The firm acquired 208,831 shares valued at approximately $16,203,000, making Cisco Systems about 1.5% of First Nebraska Trust Co's portfolio and its 16th biggest position.

Other institutional investors have also added to or reduced their stakes in CSCO. Norges Bank purchased a new position in the fourth quarter valued at around $4,473,272,000.

Cisco Systems' network equipment provider reported $1.06 earnings per share for the quarter, beating analyst estimates of $1.03. The company's quarterly revenue was up 12.0% compared to the same quarter last year.