A Guide To The Risks Of Investing In Cisco Systems Inc. (CSCO)


Cisco Systems Inc.’s filing revealed that its Chair and CEO Robbins Charles unloaded Company’s shares for reported $0.98 million on Aug 18. In the deal valued at $55.16 per share,17,687 shares were sold. As a result of this transaction, Robbins Charles now holds 716,191 shares worth roughly $ 41.01 million.

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Then, Martinez Maria sold 10,000 shares, generating $551,849 in total proceeds. Upon selling the shares at $55.18, the EVP & Chief Operating Officer now owns 399,240 shares.

Before that, Wong Maria Victoria sold 6,186 shares. Cisco Systems Inc. shares valued at $338,065 were divested by the SVP & Chief Acctg Officer at a price of $54.65 per share. As a result of the transaction, Wong Maria Victoria now holds 64,493 shares, worth roughly $3.69 million.

Deutsche Bank reiterated its Cisco Systems Inc. [CSCO] rating to a Hold in a research note published on Tuesday, August 21, 2023; the price target was $58. PT values the company’s stock at a premium of 1.28 to its Tuesday closing price.

Price Performance Review of CSCO

On Tuesday, Cisco Systems Inc. [NASDAQ:CSCO] saw its stock fall -1.00% to $57.26. On the same session, the stock had its day’s lowest price of $57.23, but rose to a high of $57.82. Over the last five days, the stock has gained 1.89%. Cisco Systems Inc. shares have risen nearly 20.19% since the year began. Nevertheless, the stocks have risen 26.43% over the past one year. While a 52-week high of $58.19 was reached on 09/01/23, a 52-week low of $38.60 was recorded on 05/04/23. SMA at 50 days reached $53.20, while 200 days put it at $49.87. A total of 13.88 million shares were traded, compared to the trading of 14.08 million shares in the previous session.

Levels Of Support And Resistance For CSCO Stock

The 24-hour chart illustrates a support level at 57.05, which if violated will result in even more drops to 56.85. On the upside, there is a resistance level at 57.64. A further resistance level may holdings at 58.03. The Relative Strength Index (RSI) on the 14-day chart is 69.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.59, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.40%. Stochastics %K at 89.87% indicates the stock is a selling.

How much short interest is there in Cisco Systems Inc.?

A steep rise in short interest was recorded in Cisco Systems Inc. stocks on Aug 14, 2023, growing by 7.32 million shares to a total of 59.94 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 52.62 million shares. There was a rise of 12.21%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.47% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.23.

Cisco Systems Inc. [CSCO] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 366,442,177 shares, or roughly 8.99% of the outstanding CSCO shares. In other words, the investor’s shares have risen by 2,570,581 from its previous 13-F filing of 363871596.0. Additionally, BlackRock Fund Advisors increased 1.78% of its stake after which the total value it holdings stand at $11,464,367,922, while SSgA Funds Management, Inc. added 1.42% of its stake to hold $9.76 billion in the firm. Over the last quarter, Geode Capital Management LLC purchased 5,731,285 shares of Cisco Systems Inc., while Charles Schwab Investment Managem bought -506,748 shares. At present, Columbia Management Investment Ad is holding 47,569,055 shares valued at $2.48 billion. Wellington Management Co. LLP owned 44,230,211 shares of the company at the time of its most recent 13F filing, worth $2.3 billion.

According to FactSet, Cisco Systems Inc.’s share price will average $58.37 in the next year, based on opinions of analysts polled by the firm. This is up nearly 0.28 percent from its previous closing price of $57.84. Analysts expect Cisco Systems Inc. stock to reach the higher price of $68.00, while the lowest price estimate is $45.00. However, 27 analysts have rated CSCO stock as an Overweight in their predictions for 2023.


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