This morning we watched Cisco Systems drop -1.3% to a price of $48.5 per share. The Large-Cap Communication Equipment company is now trading -12.68% below its average target price of $55.54. Analysts have set target prices ranging from $49.0 to $76.0 per share for Cisco Systems, and have given the stock an average rating of buy.
The stock has a very low short interest at 1.3%, and a short ratio of 2.42. At 0.05%, 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 79.6% of Cisco Systems's shares being owned by this investor type.
Institutions Invested in Cisco Systems
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 10% | 386,351,755 | $18,738,060,117 |
| 2024-06-30 | Blackrock Inc. | 9% | 354,833,743 | $17,209,436,535 |
| 2024-06-30 | State Street Corporation | 5% | 190,247,795 | $9,227,018,057 |
| 2024-06-30 | Geode Capital Management, LLC | 2% | 94,368,452 | $4,576,869,922 |
| 2024-06-30 | Charles Schwab Investment Management, Inc. | 2% | 81,042,872 | $3,930,579,292 |
| 2024-06-30 | Bank Of New York Mellon Corporation | 2% | 70,317,061 | $3,410,377,458 |
| 2024-06-30 | Morgan Stanley | 2% | 64,170,402 | $3,112,264,497 |
| 2024-06-30 | FMR, LLC | 1% | 58,045,582 | $2,815,210,727 |
| 2024-06-30 | Wellington Management Group, LLP | 1% | 56,489,083 | $2,739,720,525 |
| 2024-06-30 | Bank of America Corporation | 1% | 51,512,502 | $2,498,356,347 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Cisco Systems.
