City Holding Co. Boosts Stake in Cisco Systems Inc.

City Holding Co. recently increased its stake in Cisco Systems Inc. (NASDAQ:CSCO) by buying 17,583 additional shares during the second quarter.

The purchase brought City Holding Co.'s total holdings to 52,435 shares of Cisco Systems stock, which were valued at $6,159,000 at the end of the reporting period.

This is not an isolated instance, as other institutional investors have also been buying up Cisco Systems shares. For example, Charles Schwab Trust Co. lifted its position in Cisco Systems by 127.8% during the same quarter, and Fulcrum Equity Management acquired a new position worth around $270,000.

Analysts expect Cisco's results to reflect strong demand for AI-related networking infrastructure, building on the company's recent revenue growth and earnings beat. However, there are also risks associated with higher memory costs, Splunk's cloud transition, intense competition, and the possibility that AI growth is already priced into CSCO.