Stocks
Edmond DE Rothschild Holding Sells Large Stake in Cisco Systems
Edmond DE Rothschild Holding S.A., an investment firm, has reduced its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by selling 272,024 shares in the second quarter.
This sale brought down their holdings in the network equipment provider to 210,453 shares worth approximately $24,720,000 as of their most recent filing with the Securities & Exchange Commission.
While Edmond DE Rothschild Holding S.A. decreased its position in Cisco Systems by 56.4%, other institutional investors and hedge funds have been buying into the company.