USA Financial Formulas Has $1.08 Million Holdings in Cisco Systems, Inc. $CSCO

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USA Financial Formulas significantly reduced its stake in Cisco Systems by 63.4% in the fourth quarter, now holding 13,989 shares valued at approximately $1.08 million. Despite this, other institutional investors like State Street Corp and Invesco Ltd. increased their holdings, and Cisco (NASDAQ:CSCO) reported strong quarterly earnings, beating estimates and raising its dividend. The company maintains a “Moderate Buy” consensus rating with an $89.55 price target, even as insiders recently sold shares totaling about $3.57 million.

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