This evening we watched Cisco Systems rise 1.2% to a price of $52.66 per share. The large-cap Communication Equipment company is now trading -5.37% below its average target price of $55.65. Analysts have set target prices ranging from $45.0 to $64.0 per share for Cisco Systems, and have given the stock an average rating of buy.
Cisco Systems's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.3%. The stock's short ratio is 3.03. At 0.08%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation.
Another number to watch is the company's rate of institutional share ownership, which now stands at 77.4%. In conclusion, we believe there is mixed market sentiment regarding Cisco Systems.
Institutions Invested in Cisco Systems
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Vanguard Group Inc | 9% | 381,617,807 | $20,095,993,658 |
| 2023-03-31 | Blackrock Inc. | 8% | 341,644,842 | $17,991,017,327 |
| 2023-03-31 | State Street Corporation | 5% | 184,879,450 | $9,735,751,808 |
| 2023-03-31 | Geode Capital Management, LLC | 2% | 78,378,278 | $4,127,400,107 |
| 2023-03-31 | Charles Schwab Investment Management, Inc. | 2% | 70,960,104 | $3,736,759,065 |
| 2023-03-31 | Bank Of New York Mellon Corporation | 2% | 69,487,078 | $3,659,189,516 |
| 2023-03-31 | Bank of America Corporation | 2% | 66,281,930 | $3,490,406,423 |
| 2023-03-31 | Morgan Stanley | 2% | 66,189,034 | $3,485,514,520 |
| 2023-03-31 | FMR, LLC | 1% | 54,468,315 | $2,868,301,459 |
| 2023-03-31 | Northern Trust Corporation | 1% | 52,254,270 | $2,751,709,850 |
