Impax Asset Management Reduces Stake in Cisco Systems Amidst AI Infrastructure Demand

Cisco Systems, Inc. reported a significant decrease in shares sold by Impax Asset Management Group plc during the second quarter.

The fund owned 109,283 shares of Cisco Systems' stock after selling 13,163 shares during the period, representing a 10.8% decline in holdings.

This reduction in share ownership is part of a larger trend in the tech industry, where analysts see additional upside potential for companies like Cisco as they navigate the AI trade pullback.