Institutional Sentiment and Hedge Fund Activity Surrounding Cisco Systems (CSCO)

2024-03-12

During the meeting, data from sharkstracker.com was presented, offering a comprehensive overview of the market dynamics surrounding Cisco Systems (CSCO). As of the quarter ending on December 31, 2023, the data revealed that there were 3012 Hedge Funds collectively holding 3,042,650,636 CSCO shares. Moreover, 69 ETFs were reported to hold 215,457,200 CSCO shares. Among the top institutional holders of CSCO shares were Vanguard Group Inc., BlackRock Inc., and State Street Corp.

In the previous quarter, it was highlighted that 1207 Hedge Funds were actively buying CSCO shares, while 1423 Hedge Funds were selling them. The data indicated a positive sentiment towards CSCO as the number of shares bought surpassed those sold. Noteworthy was the fact that 86 Hedge Funds had doubled their positions on CSCO, while 18 Hedge Funds had divested at least 90% of their CSCO shares.

The meeting also shed light on the institutional outlook towards CSCO, with some institutions displaying a pessimistic stance. Among the most pessimistic institutions were Dodge & Cox, Bank of America Corp, and Citadel Advisors LLC. Conversely, the most optimistic institutions included Legal & General Group Plc, State Street Corp, and BlackRock Inc.

The data shared during the meeting, available on sharkstracker.com, aimed to provide a data-driven perspective of the market, empowering investors to make well-informed decisions. For those seeking more detailed insights, the full version of the article can be accessed at: [SharksTracker - CSCO Report](https://www.sharkstracker.com/reports/ReportDetail12:CSCO/?rrr=3).