GAMMA Investing LLC Boosts Stake in Cisco Systems, Inc.

GAMMA Investing LLC increased its stake in Cisco Systems, Inc.'s (NASDAQ:CSCO) stock by 8.1% during the second quarter, according to a recent SEC filing. The firm acquired an additional 10,724 shares of the network equipment provider's stock, bringing its total holdings to 142,415 shares.

The value of GAMMA Investing LLC's holdings in Cisco Systems was approximately $16,728,000 as of its most recent SEC filing. This represents about 0.6% of the firm's portfolio and makes Cisco Systems its 25th biggest position.

Other institutional investors have also increased their stakes in Cisco Systems during the fourth quarter. World Investment Advisors grew its holdings by 15.4%, while WCG Wealth Advisors LLC lifted its stake by 101.8%. Vise Technologies Inc. boosted its holdings by 47.1% and Western Wealth Management LLC increased its position by 60.5%.

Cisco Systems has a market capitalization of $479.83 billion, a price-to-earnings ratio of 39.53, and a beta of 1.02. The company's stock opened at $121.74 on Wednesday and has a 52-week low of $65.75 and a 52-week high of $130.37.