J. Safra Sarasin Holding AG Has $357,000 Stock Holdings in Cisco Systems, Inc. $CSCO

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J. Safra Sarasin Holding AG significantly reduced its stake in Cisco Systems, Inc. by 90.6% in the fourth quarter, selling 44,554 shares and now holding 4,636 shares valued at $357,000. Despite this, other hedge funds increased their positions, and analysts maintain a “Moderate Buy” consensus rating for Cisco, projecting a target price of $89.76. Cisco recently increased its quarterly dividend to $0.42 per share, and the company reported strong earnings, topping revenue and EPS estimates.

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