Summit Global Investments Takes New Stake in Cisco Systems Amid AI Growth

Summit Global Investments has taken a new position in shares of Cisco Systems Inc. (NASDAQ:CSCO), according to its latest 13F filing with the Securities & Exchange Commission.

The institutional investor acquired 19,330 shares of the network equipment provider's stock, valued at approximately $2,271,000 in the second quarter.

Several other hedge funds and institutional investors have also added to or reduced their stakes in Cisco Systems during the same period.