Cisco Systems Sees Stock Price Rise as Institutional Investors Increase Holdings

Cisco Systems Inc., the network equipment provider, has seen its stock price rise in recent days after several institutional investors purchased shares.

Envestnet Portfolio Solutions Inc. boosted its holdings in Cisco's stock by 24.6% during the second quarter, purchasing an additional 71,774 shares of the company's stock. The fund now owns 363,506 shares worth $47,287,000 as of the end of the most recent quarter.

A number of other large investors have also increased their stakes in Cisco Systems, including MidAtlantic Capital Management Inc., Networth Advisors LLC, Manning & Napier Advisors LLC, and Principia Wealth Advisory LLC.