Stocks

Wealthfront and Others Load Up on Cisco Systems Stock

Guavy AI Editorial Team Published August 19, 2026

Instruments

CSCO

Wealthfront Advisers LLC acquired 479,918 shares of Cisco Systems Inc.'s (NASDAQ:CSCO) stock during the second quarter, according to its latest filing with the Securities and Exchange Commission. The value of this new stake is approximately $56,371,000.

This isn't an isolated incident; other hedge funds have recently modified their CSCO holdings as well. BlackRock Inc., for example, bought a new position in Cisco Systems during the second quarter valued at $42,129,647,000. Bank of New York Mellon Corp also purchased a new stake in Cisco Systems in the 2nd quarter worth about $4,714,574,000.

Analysts have been weighing in on CSCO shares, with Barclays increasing their target price from $121 to $123 and giving the stock an 'equal weight' rating. Morgan Stanley also raised its price objective from $130 to $135 and gave the stock an 'overweight' rating.

Wealthfront and Others Load Up on Cisco Systems Stock

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