According to Envestnet Asset Management Inc.'s most recent statement with the Securities & Exchange Commission, the company reduced its holding in Cisco Systems shares by 0.5% during the second quarter.

After selling 49,863 units of the network equipment supplier's stock during the period, the business now owned 9,850,871 shares. After the latest reporting period, Envestnet Asset Management Inc. held $468,015,000, or 0.24%, of Cisco Systems.

Shares of the company have been purchased and sold by a number of other hedge funds and institutional investors. During the second quarter, Bank of New York Mellon Corp increased its holdings in Cisco Systems shares by 2.7%. After acquiring 1,853,598 shares in the most recent quarter, Bank of New York Mellon Corp now owns 70,317,061 shares of the network equipment provider's stock, valued at $3,340,764,000. In the fourth quarter, Norges Bank acquired a new stake in Cisco Systems for about $2,528,939,000. During the fourth quarter, Wellington Management Group LLP increased its ownership of Cisco Systems by 7.6%. Wellington Management Group LLP purchased an additional 3,314,330 shares of the network equipment supplier's stock during the period, bringing its total ownership to 47,195,836 shares valued at $2,384,334,000.

During the fourth quarter, First Trust Advisors LP added 12.3% to its holdings of Cisco Systems stock sale shares (Cisco stock news 2024). After acquiring 2,723,260 shares in the last recent quarter, First Trust Advisors LP currently holds 24,941,271 shares of the network equipment supplier's stock, valued at $1,260,033,000. Lastly, FIL Ltd grew its position in Cisco Systems stock by 47.1% during the last quarter. After acquiring an additional 6,054,748 shares during the period, FIL Ltd now holds 18,922,422 shares of the network equipment provider's stock valued at $955,961,000. Institutional investors hold 73.33% of the stock.