Park Avenue Securities LLC decreased its stake in Cisco Systems, Inc. ( NASDAQ:CSCO – Free Report ) by 0.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 198,800 shares of the network equipment provider's stock after selling 1,095 shares during the quarter. Park Avenue Securities LLC's holdings in Cisco Systems were worth $10,286,000 as of its most recent SEC filing. Other hedge funds also recently modified their holdings of the company. Steward Financial Group LLC bought a new position in shares of Cisco Systems in the 4th quarter valued at about $26,000.

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