Requisite Capital Management LLC Buys into Cisco Systems
Requisite Capital Management LLC has purchased shares of Cisco Systems, Inc. (NASDAQ:CSCO) worth approximately $2,856,000 in its most recent Form 13F filing with the SEC.
The institutional investor acquired 24,317 shares of the network equipment provider's stock in the second quarter, making Cisco Systems comprise about 0.5% of Requisite Capital Management LLC's investment portfolio.
This is not the only recent development in Cisco's ownership structure; several other hedge funds have made changes to their positions in CSCO. Brighton Jones LLC grew its position in Cisco Systems by 49.5% in the fourth quarter, while Revolve Wealth Partners LLC boosted its stake in shares of Cisco Systems by 37.0% during the same period.
Despite these developments, some analysts have expressed caution regarding Cisco's valuation and post-earnings performance. HSBC downgraded Cisco to Hold, which may limit near-term upside.