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South Dakota Investment Council Sells 27,090 Shares of Cisco Systems, Inc. $CSCO
The South Dakota Investment Council reduced its stake in Cisco Systems by 8.1%, selling 27,090 shares, but still holds 305,830 shares valued at $20.93 million. Cisco recently surpassed quarterly earnings and revenue estimates and increased its quarterly dividend to $0.42. The stock has a “Moderate Buy” rating from analysts with an average target price of $89.55, and institutional ownership remains high at 73.33%.