JP Morgan Boosts Cisco Systems Rating: A Deep Dive into Recent Financial Trends

JP Morgan Upgrades Cisco Systems

On November 11, 2024, JP Morgan raised its outlook for Cisco Systems (SNSE:CSCOCL) from Neutral to Overweight.

Current Fund Sentiment

A total of 4,443 funds and institutions are currently reporting positions in Cisco Systems. This marks a slight decrease of 36 owners, or 0.80%, from the last quarter. The average portfolio weight for all funds dedicated to CSCOCL has increased to 0.58%, up by 4.40%. Over the past three months, the total shares owned by institutions rose by 3.10% to reach 3,263,300K shares.

Actions of Other Shareholders

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 115,085K shares, equivalent to 2.88% of the company’s ownership. This is an increase from 114,484K shares reported previously, reflecting a rise of 0.52%. However, the firm has decreased its portfolio allocation in CSCOCL by 6.95% over the past quarter.

VFINX – Vanguard 500 Index Fund Investor Shares possesses 103,926K shares, which translates to 2.60% ownership. Previously, this firm reported 102,404K shares, marking an increase of 1.46%. They have reduced their portfolio allocation in CSCOCL by 8.55% this quarter.

Geode Capital Management holds a total of 94,368K shares, amounting to 2.36% ownership of Cisco. Their previous holding was 91,886K shares, showing an increase of 2.63%. Nevertheless, they decreased their portfolio allocation in CSCOCL significantly by 51.56% over the last quarter.

Charles Schwab Investment Management currently holds 81,043K shares, representing 2.03% of the company. Previously, this firm possessed 77,850K shares, an increase of 3.94%. Yet, they decreased their portfolio allocation in CSCOCL by 31.05% during the last quarter.

Invesco QQQ Trust, Series 1 holds 77,595K shares, constituting 1.94% ownership. Their prior ownership was 75,900K shares, leading to an increase of 2.18%. Despite this, they have decreased their portfolio allocation in CSCOCL by 12.40% over the last quarter.

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