5 Best Video Conferencing Stocks to Buy

3. Cisco Systems, Inc. (NASDAQ: CSCO)

No. of Hedge Fund Holders: 60

Cisco Systems, Inc. (NASDAQ: CSCO) has a robust reputation as a leader in cloud computing, networking, and cybersecurity. 

In Feb. 2021, Cisco CEO Chuck Robbins revealed that the Webex platform had 600 million users in fiscal Q2 after gaining 324 million users in March 2020.

According to our database, the number of CSCO’s long hedge funds positions increased at the end of the fourth quarter of 2020. There were 60 hedge funds that hold a position in Cisco Systems compared to 59 funds in the third quarter. The biggest stakeholder of the company is Generation Investment Management, with 23.3 million shares, worth $1.04 billion.