Pinnacle Bancorp Inc. cut its position in Cisco Systems, Inc. ( NASDAQ:CSCO – Free Report ) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,382 shares of the network equipment provider's stock after selling 266 shares during the quarter. Pinnacle Bancorp Inc.'s holdings in Cisco Systems were worth $951,000 at the end of the most recent reporting period. Several other hedge funds have also recently made changes to their positions in the company.

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