LGT Group Foundation Increases Stake in Cisco Systems, Inc. $CSCO

LGT Group Foundation has increased its stake in Cisco Systems, Inc. by 4.0%, bringing its total holdings to 449,325 shares valued at $30.891 million. This increase follows Cisco’s strong quarterly performance, exceeding EPS and revenue expectations, driven by significant AI order flow and a recent dividend increase to $0.42 per share. Institutional ownership of Cisco stands at 73.33%, with various other funds also adjusting their positions.