Hennessy Advisors Inc. Sells 32,100 Shares of Cisco Systems, Inc. $CSCO

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Hennessy Advisors Inc. reduced its stake in Cisco Systems by 21.6% in the fourth quarter, selling 32,100 shares and now holding 116,600 shares valued at about $8.98 million. Despite this sale, Cisco has received multiple analyst upgrades, boasts a “Moderate Buy” consensus rating with an average price target of $89.81, and recently surpassed quarterly earnings estimates with a 9.7% year-over-year revenue increase and a boosted quarterly dividend.

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