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State of New Jersey Common Pension Fund D Sells 39,847 Shares of Cisco Systems, Inc. $CSCO
The State of New Jersey Common Pension Fund D reduced its stake in Cisco Systems by 2.9%, selling 39,847 shares and now owning 1,352,454 shares valued at $104.18 million. Notably, several Cisco insiders also sold shares recently, totaling $3.57 million over the past three months. Despite insider selling, analysts maintain a “Moderate Buy” rating for Cisco with an average price target of $89.81, following the company’s dividend increase and strong quarterly earnings.