MassMutual Private Wealth & Trust FSB Lowers Stock Holdings in Cisco Systems, Inc. $CSCO
MarketBeat
MassMutual Private Wealth & Trust FSB decreased its stake in Cisco Systems by 5.4% in the third quarter, selling 27,611 shares but retaining a significant holding valued at $52.1 million. Despite this, Cisco is experiencing strong AI infrastructure demand, with product orders up 35% year-over-year, and has announced a new sovereign AI partnership with Bell Canada. Analysts, however, have mixed ratings, ranging from "strong buy" to "hold," and Piper Sandler recently lowered its price target to $1
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