Cisco Systems, Inc. $CSCO Shares Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division reduced its stake in Cisco Systems by 17.9% in the third quarter, selling 9,394 shares. Despite this, Cisco exceeded analyst expectations with its recent earnings report, posting $1.22 EPS and $17.25 billion in revenue. The company also declared a quarterly dividend of $0.42 per share, and analysts maintain a "Moderate Buy" consensus rating with an average price target of $128.52.