Ken Fisher says: Cisco (CSCO) A Good Stock To Buy

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According to Insider Monkey’s hedge fund database, Ken Fisher’s Fisher Asset Managementhas the number one position in Cisco Systems, Inc.

CSCO worth close to $977.9 million, comprising 1.2% of its total 13F portfolio. On Fisher Asset Management’s heels is AQR Capital Management, led by Cliff Asness, holding a $475.8 million position; the fund has 0.5% of its 13F portfolio invested in the stock. Remaining peers that hold long positions include Donald Yacktman’s Yacktman Asset Management, Phill Gross and Robert Atchinson’s Adage Capital Management and Israel Englander’s Millennium Management.

Is Cisco Systems, Inc. a bargain? Hedge funds are taking an optimistic view. The number of bullish hedge fund positions improved by 9 recently. Our calculations also showed that CSCO isn’t among the 30 most popular stocks among hedge funds. CSCO was in 58 hedge funds’ portfolios at the end of September. There were 49 hedge funds in our database with CSCO holdings at the end of the previous quarter.

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