Cisco Systems Share Ownership Shifts Amid AI Boom
Cisco Systems, Inc. (NASDAQ:CSCO) has seen significant changes in its share ownership over the past few months. According to a recent filing with the Securities & Exchange Commission, TrinityBridge Ltd reduced its holdings in Cisco by selling 11,325 shares during the second quarter. This decrease brought their total ownership down to 206,932 shares, valued at approximately $24,288,000.
This is not an isolated incident. Other institutional investors have been buying and selling Cisco shares as well. For example, Networth Advisors LLC increased its stake in the company by 276.4% in the first quarter, while Manning & Napier Advisors LLC boosted its position by 137.0%. The combined ownership of these investors stands at a significant 73.33%.
Cisco's stock price has also seen some fluctuations recently. On Friday, CEO Charles Robbins sold 21,628 shares of the company's stock under a pre-arranged Rule 10b5-1 trading plan. This sale was valued at approximately $2,412,387.12 and represents a 3.46% decrease in his position.