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Diametric Capital LP increased its stake in Cisco Systems, despite the company's recent earnings miss.
Diametric Capital LP recently bought $807,000 worth of Cisco Systems shares, adding to the 73.33% of the company's stock already owned by institutional investors.
Despite a recent earnings miss, Cisco Systems, a major player in networking equipment, has a market cap of $245.50 billion and a dividend yield of 2.66%.
Analysts have a "Moderate Buy" rating on the company, with a target price of $66.63.
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Diametric Capital LP aumentó su participación en Cisco Systems, a pesar de la reciente pérdida de ganancias de la compañía.