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Aberdeen Group plc Acquires 71,432 Shares of Cisco Systems, Inc. $CSCO
Aberdeen Group plc increased its stake in Cisco Systems, Inc. by 1.2% in the third quarter, acquiring an additional 71,432 shares and now owning 6,077,448 shares valued at $415,363,000. Other institutions like Norges Bank and DZ BANK AG also significantly increased their holdings. This news comes amidst recent insider stock sales, positive analyst sentiment regarding Cisco’s AI initiatives, and the company’s announced dividend increase.