Handelsbanken Fonder AB Cuts Cisco Systems Stake Amid Strong Earnings Expectations
Handelsbanken Fonder AB reduced its stake in Cisco Systems (CSCO) by 3.7% during the second quarter, according to a recent SEC filing. The firm owned approximately 0.8% of Handelsbanken's holdings after selling 93,041 shares during the period.
Handelsbanken Fonder AB's reduced stake is part of a larger trend in institutional investors' positions in Cisco Systems. City Holding Co., for example, increased its holdings by 50.5% in the second quarter, acquiring an additional 17,583 shares worth $6,159,000.
Despite some fluctuations in individual investors' positions, Cisco Systems has maintained a strong track record. The company's recent revenue growth and earnings beat have analysts expecting strong demand for AI-related networking infrastructure.
Cisco Systems is set to release its Q4 2026 guidance on [date], with expectations ranging from $1.160-1.180 EPS and FY 2026 guidance at $4.270-4.290 EPS.