Stocks
Orser Capital Management Enters New Stake in Cisco Systems
Orser Capital Management LLC bought a new stake in Cisco Systems, Inc. (NASDAQ:CSCO) during the second quarter, according to its most recent Form 13F filing with the SEC.
The firm purchased 13,570 shares of the network equipment provider's stock, valued at approximately $1,594,000.
This is not an isolated incident; other institutional investors have also recently bought and sold shares of CSCO. Cozad Asset Management Inc., for example, grew its stake in shares of Cisco Systems by 0.3% during the first quarter.
Cisco Systems last posted its quarterly earnings results on Wednesday, May 13th. The network equipment provider reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.03.