Cisco Systems, Inc. $CSCO Stock Bought by Versant Capital Management Inc

Versant Capital Management Inc. increased its stake in Cisco Systems by 43.7% in the third quarter, bringing its total holdings to 33,365 shares valued at $3.6 million. Cisco, with 73.33% institutional ownership, maintains a "Moderate Buy" consensus rating from analysts and recently reported strong quarterly earnings, beating estimates with $17.25 billion in revenue and $1.22 adjusted EPS. The company also declared a quarterly dividend of $0.42 per share.