Public Sector Pension Investment Board Boosts Holdings in Cisco Systems, Inc. $CSCO

Public Sector Pension Investment Board significantly increased its stake in Cisco Systems, Inc. by 267.1% during the third quarter, bringing its total holdings to 1,383,400 shares valued at $94,652,000. Other institutions like Mirae Asset Global Investments and Rockland Trust Co. also boosted their positions. Despite some negative market reactions due to margin pressure from rising memory costs, analysts generally maintained a “Moderate Buy” rating for Cisco, with an average price target of $96.48, and the company recently increased its quarterly dividend.