Stocks
Cornerstone Capital Takes Aim at Cisco With Multi-Million Dollar Investment
Cornerstone Capital Inc., an institutional investor, recently acquired a new position in Cisco Systems, Inc. (NASDAQ:CSCO) shares during the second quarter.
The company bought 289,529 shares of the network equipment provider's stock valued at approximately $34,008,000.
Cisco Systems accounts for about 3% of Cornerstone Capital Inc.'s portfolio and is its 8th largest position.
Other large investors have also increased their stakes in Cisco Systems. Vanguard Group Inc., State Street Corp, Morgan Stanley, Invesco Ltd., and Norges Bank all lifted or bought into their positions in the fourth quarter.