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Big Money Moves: $4.1 Million of Oracle Shares Dumped by Investment Advisor
The Motley Fool· 2025-10-12 21:25
Core Insights - Sound Income Strategies, LLC sold 60,131 shares of Cisco for an estimated $4.10 million, reducing its position in the company [1][2] - After the sale, Sound Income held 334,755 shares valued at $23.42 million as of September 30, 2025 [2] - The sale represents approximately 15% of Sound Income's Cisco stake, indicating profit-taking rather than a significant change in investment strategy [8] Company Overview - Cisco reported trailing twelve months revenue of $56.65 billion and net income of $10.45 billion as of July 31, 2025 [4][6] - The company has a dividend yield of 2.4% and its stock price was $69.96 as of October 9, 2025 [4] - Cisco operates in networking hardware, software, security solutions, and collaboration tools, serving a diverse range of clients globally [5][6] Market Performance - Cisco shares have increased by approximately 30% year-to-date, outperforming the S&P 500 by 19 percentage points [3][8] - The company's strong performance is attributed to the overall bull market and a rally in the AI-fueled technology sector [8] Investment Considerations - Cisco's solid dividend yield is notable among technology stocks, many of which do not offer dividends [9] - The company's focus on networking is less leveraged towards AI compared to other tech firms, which may appeal to certain investors [9][10]