Cisco Systems stock is trading -7.68% below its average target price of $55.77 after marking a 1.0% during today's afternoon session. Analysts are giving the large-cap Communication Equipment company an average rating of buy and target prices ranging from $51.0 to $64.0 per share.
The stock has a very low short interest at 1.4%, and a short ratio of 2.77. At 0.08%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. Finally, we also note that an average number of institutional investors are invested in the stock, with 76.6% of Cisco Systems's shares being owned by this investor type.
Institutions Invested in Cisco Systems
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Vanguard Group, Inc. (The) | 9% | 381,597,582 | $19,646,551,742 |
| 2023-03-31 | Blackrock Inc. | 8% | 341,644,842 | $17,589,584,898 |
| 2023-03-31 | State Street Corporation | 5% | 184,879,450 | $9,518,518,596 |
| 2023-03-31 | Geode Capital Management, LLC | 2% | 78,378,278 | $4,035,305,690 |
| 2023-03-31 | Charles Schwab Investment Management, Inc. | 2% | 70,960,104 | $3,653,380,997 |
| 2023-03-31 | Bank Of New York Mellon Corporation | 2% | 69,487,078 | $3,577,542,253 |
| 2023-03-31 | Bank of America Corporation | 2% | 66,281,930 | $3,412,525,206 |
| 2023-03-31 | Morgan Stanley | 2% | 66,189,034 | $3,407,742,455 |
| 2023-03-31 | FMR, LLC | 1% | 54,468,315 | $2,804,301,231 |
| 2023-03-31 | Northern Trust Corporation | 1% | 52,254,270 | $2,690,311,122 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Cisco Systems.
