Mariner LLC Has $161.10 Million Stock Position in Cisco Systems, Inc. $CSCO

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Mariner LLC increased its stake in Cisco Systems by 2.3% during the third quarter, bringing its total holdings to 2,354,612 shares valued at approximately $161.10 million. Other institutional investors also adjusted their positions, and analysts generally maintain a “Moderate Buy” rating with a consensus target price of $89.55. Recent insider selling by director Michael D. Capellas and CEO Charles Robbins has been noted, while Cisco recently beat earnings estimates and increased its quarterly dividend to $0.42 per share.

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