5 Stocks to Buy Now According to James Katz’s Humankind Investments

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

Humankind Investments’ Stake Value: $5,683,000
Percentage of Humankind Investments’ 13F Portfolio: 2.28%
Number of Hedge Fund Holders: 57 

Cisco Systems, Inc. (NASDAQ:CSCO) is a global technology company based in San Jose, California. At the end of December 2021, 57 hedge funds monitored by Insider Monkey were long Cisco Systems, Inc. (NASDAQ:CSCO), down from 63 funds the previous quarter. The total value of the stakes owned in the fourth quarter was $3.43 billion.

Morgan Stanley analyst Meta Marshall decreased her price target on Cisco Systems, Inc. (NASDAQ:CSCO) to $59 from $61, maintaining an Equal Weight rating on the stock but downgrading her industry perspective on Telecom & Networking Equipment to Cautious from In-Line on April 12. The analyst told investors that she is beginning to notice signs of deterioration, such as a more cautious flash survey on hardware and reseller checks indicating weaker second-half pipelines.

Humankind Investments started building its position in Cisco Systems, Inc. (NASDAQ:CSCO) in the fourth quarter of 2020, and in the fourth quarter of 2021, it held over 89,676 shares of the company valued at $5.68 million. Cisco Systems, Inc. (NASDAQ:CSCO) represents 2.28% of the hedge fund’s 13F portfolio. Ken Fisher’s Fisher Asset Management is the most significant stakeholder of Cisco Systems, Inc. (NASDAQ:CSCO) as of the end of the fourth quarter of 2021, with 12.78 million shares worth almost $809.79 million.

Here is what experts at ClearBridge Investments had to say about Cisco Systems, Inc. (NASDAQ:CSCO) in its third-quarter 2021 investor letter:

“We reinvested a portion of the proceeds into existing holding Cisco Systems, which also has highly valuable technology and an improving secular growth story with its leading position in core networking hardware, as well as in its growing software and services business. Cisco has refocused on winning share in the large and growing hyperscale market and has been investing aggressively in R&D to support growth. We believe Cisco has found new legs after previously ceding some growth opportunities in cloud while maintaining its strong presence in the carrier and enterprise markets. Cisco boasts a strong balance sheet and accelerating multiyear growth while trading at a modest multiple of earnings.”