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Sanctuary Advisors LLC Grows Stake in Cisco Systems, Inc. $CSCO
Sanctuary Advisors LLC increased its stake in Cisco Systems, Inc. by 6.5% during the fourth quarter, bringing its total holdings to 848,481 shares valued at approximately $65.36 million. This increase aligns with positive sentiment surrounding Cisco’s advancements in quantum networking, including a “Universal Quantum Switch” prototype, and its position as a key supplier for AI infrastructure builds. Analysts maintain a “Moderate Buy” rating for Cisco, with a consensus target price of $89.81, as the company continues to beat earnings estimates and raise its quarterly dividend.