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cisco systems ceo sells shares as institutional investors increase holdings
CEO Charles Robbins sold 171,744 shares of Cisco Systems on November 15 for $9.87 million, reducing his stake by 17.97%. Insiders have sold 353,522 shares worth $20.35 million in the last 90 days, while institutional investors hold 73.33% of the company. Cisco's stock received an "Outperform" rating from BNP Paribas, with a target price of $72.00.
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