Cisco Systems Inc. [CSCO] Chair and CEO makes an insider purchase of 20,117 shares worth 0.99 million.


Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cisco Systems Inc. shares valued at $987,404 were sold by Robbins Charles on Feb 23. At $49.08 per share, Robbins Charles sold 20,117 shares. The insider’s holdings dropped to 798,970 shares worth approximately $38.77 million following the completion of this transaction.

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Also, Martinez Maria sold 20,000 shares, netting a total of over 997,538 in proceeds. Following the sale of shares at $49.88 each, the insider now holds 429,263 shares.

Before that, Herren Richard Scott had sold 15,424 shares from its account. In a trade valued at $781,380, the EVP and CFO traded Cisco Systems Inc. shares for $50.66 each. Upon closing the transaction, the insider’s holdings decreased to 15,424 shares, worth approximately $13.78 million.

As published in a research note from DZ Bank on February 17, 2023, Cisco Systems Inc. [CSCO] has been rated up from a Hold to a Buy and the price target has been revised to $58. This represents a 16.33% premium over Thursday’s closing price. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in late September. As of August 18, 2022, UBS has reiterated its “Neutral” rating for CSCO. Earlier on August 18, 2022, Raymond James resumed its rating. Their recommendation was “an Outperform” for CSCO stock.

Analyzing CSCO Stock Performance

On Thursday, Cisco Systems Inc. [NASDAQ: CSCO] rose 0.39% to $48.53. The stock’s lowest price that day was $48.12, but it reached a high of $48.63 in the same session. During the last five days, there has been a drop of approximately -1.38%. Over the course of the year, Cisco Systems Inc. shares have jumped approximately 1.87%. Shares of the company reached a 52-week high of $51.74 on 02/16/23 and a 52-week low of $45.67 on 01/20/23. A 50-day SMA is recorded $48.13, while a 200-day SMA reached $45.55. Nevertheless, trading volume fell to 18.28 million shares from 13.45 million shares the previous day.

Support And Resistance Levels for Cisco Systems Inc. (CSCO)

According to the 24-hour chart, there is a support level at 48.22, which, if violated, would cause prices to drop to 47.92. In the upper region, resistance lies at 48.73. The next price resistance is at 48.94. RSI (Relative Strength Index) is 50.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.41, which suggests the price will decrease in the coming days. Percent R is at 62.94%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Cisco Systems Inc. subject to short interest?

Stocks of Cisco Systems Inc. saw a sharp rise in short interest on Jan 12, 2023 jumping by 1.91 million shares to 41.51 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 39.6 million shares. A jump of 4.6% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.31 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.31.

Which companies own the most shares of Cisco Systems Inc. (CSCO)?

According to The Vanguard Group, Inc. filings, the company currently owns 363,070,808 shares, which is about 8.84% of the total CSCO shares outstanding. The investor’s shares have appreciated by 2,559,166 from its previous 13-F filing of 360511642.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $10,770,197,684. SSgA Funds Management, Inc. reduced a -0.82% interest valued at $8.8 billion while Geode Capital Management LLC purchased a 750,247 stake. A total of 3,841,840 shares of Cisco Systems Inc. were bought by Charles Schwab Investment Managem during the quarter, and -2,224,762 were sold by Wellington Management Co. LLP. In its current portfolio, Northern Trust Investments, Inc. holds 46,643,014 shares valued at $2.27 billion.

In terms of Cisco Systems Inc. share price expectations, FactSet research, analysts set an average price target of $56.95 in the next 12 months, up nearly 15.85% from the previous closing price of $48.34. Analysts anticipate Cisco Systems Inc. stock to reach $69.00 by 2023, with the lowest price target being $46.00. In spite of this, 27 analysts ranked Cisco Systems Inc. stock as an Overweight at the end of 2023. On August 18, 2022, Piper Sandler assigned a price target of “a Neutral” to the stock and reiterated coverage with a $47.


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