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Arrowstreet Capital Limited Partnership Increases Stake in Cisco Systems, Inc. $CSCO
Arrowstreet Capital Limited Partnership has significantly increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 110.2% in the third quarter, making it their 17th largest position. Other institutional investors like Norges Bank, DZ BANK AG, and Franklin Resources Inc. also modified their holdings, with institutional investors owning 73.33% of the company’s stock. Cisco recently announced a quarterly dividend increase to $0.42 per share and reported strong Q2 earnings driven by AI momentum, despite some negative sentiment regarding margin pressure and insider sales.