This afternoon we watched Cisco Systems rise 1.4% to a price of $64.14 per share. The Large-Cap Communication Equipment company is now trading -8.9% below its average target price of $70.41. Analysts have set target prices ranging from $54.0 to $80.0 per share for Cisco Systems, and have given the stock an average rating of buy.
The stock has a very low short interest at 1.5%, and a short ratio of 2.78. The company's insiders own 0.3% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 79.9% of Cisco Systems's shares being owned by this investor type.
Institutions Invested in Cisco Systems
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-12-31 | Vanguard Group Inc | 10% | 387,084,206 | $24,827,580,736 |
| 2024-12-31 | Blackrock Inc. | 9% | 348,762,128 | $22,369,602,677 |
| 2024-12-31 | State Street Corporation | 5% | 194,453,452 | $12,472,244,292 |
| 2024-12-31 | Geode Capital Management, LLC | 2% | 95,620,781 | $6,133,116,834 |
| 2024-12-31 | Charles Schwab Investment Management, Inc. | 2% | 80,518,869 | $5,164,480,208 |
| 2024-12-31 | FMR, LLC | 2% | 77,216,513 | $4,952,667,096 |
| 2024-12-31 | Morgan Stanley | 2% | 72,134,466 | $4,626,704,605 |
| 2024-12-31 | Bank Of New York Mellon Corporation | 2% | 63,226,172 | $4,055,326,633 |
| 2024-12-31 | Norges Bank Investment Management | 1% | 55,707,852 | $3,573,101,593 |
| 2024-12-31 | Northern Trust Corporation | 1% | 47,238,258 | $3,029,861,839 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Cisco Systems.
