Wells Fargo Upgrades Cisco Systems to Overweight Status

Fintel reports that on May 15, 2025, Wells Fargo has upgraded their outlook for Cisco Systems (SNSE:CSCO) from Equal-Weight to Overweight.

Current Fund Sentiment Towards Cisco Systems

There are now 4,767 funds or institutions reporting positions in Cisco Systems, reflecting an increase of 92 owners, or 1.97%, from the last quarter. The average portfolio weight dedicated to CSCO stands at 0.64%, which is an increase of 3.78%. However, total shares owned by institutions saw a slight decrease of 0.13% over the past three months, amounting to 3,382,977K shares.

Actions from Other Major Shareholders

Vanguard Total Stock Market Index Fund Investor Shares currently holds 112,267K shares, representing 2.82% ownership of the company. In its previous filing, the firm reported owning 114,893K shares, indicating a decrease of 2.34%. The firm has increased its portfolio allocation in CSCO by 7.11% over the last quarter.

Vanguard 500 Index Fund Investor Shares owns 107,898K shares, which accounts for 2.71% ownership. Their earlier filing noted 105,518K shares, showing an increase of 2.21%. The fund has also raised its portfolio allocation in CSCO by 7.61% in the last quarter.

Geode Capital Management reports holding 98,095K shares, representing 2.47% ownership. Previously, they reported 95,621K shares, denoting an increase of 2.52%. Nonetheless, their portfolio allocation in CSCO decreased by 42.61% over the previous quarter.

Invesco QQQ Trust, Series 1 owns 80,788K shares, or 2.03% of Cisco. They reported holding 78,242K shares previously, marking an increase of 3.15%. Their portfolio allocation in CSCO increased by 6.08% in the last quarter.

Charles Schwab Investment Management has reduced its stake to 78,183K shares, representing 1.97% ownership. Their prior filing showed 80,519K shares, reflecting a decrease of 2.99%. They have decreased their portfolio allocation in CSCO by 18.80% over the last quarter.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.