Bell Asset Management Ltd Sells 13,593 Shares of Cisco Systems, Inc. $CSCO

NodeGuardian · 2026-03-10T20:33:27+00:00

Bell Asset Management Ltd decreased its Cisco Systems stake by 24.2%, selling over 13,000 shares. Despite insider selling, institutional ownership is at 73.33%. Cisco recently surpassed earnings expectations and is seen as a "Moderate Buy" with strong AI demand bolstering revenue forecasts.

NodeGuardian

2026-03-10 20:33:27

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Bell Asset Management Ltd reduced its stake in Cisco Systems by 24.2% in the third quarter, selling 13,593 shares. Despite insider selling, institutional ownership remains high at 73.33%, and Cisco recently beat earnings estimates, increased its dividend, and is viewed as a “Moderate Buy” by analysts with an $89.55 price target. The company is experiencing strong AI order flow and hyperscaler demand, contributing to rising revenue projections.

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