Cisco Systems, Inc (NASDAQ: CSCO) is 16.21% higher on its value in year-to-date trading and has touched a low of $44.50 and a high of $59.38 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CSCO stock was last observed hovering at around $58.63 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $58.71, the stock is 3.83% and 9.46% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 16.54 million and changing 0.14% at the moment leaves the stock 18.64% off its SMA200. CSCO registered 11.64% gain for a year compared to 6-month gain of 19.94%. The firm has a 50-day simple moving average (SMA 50) of $53.6352 and a 200-day simple moving average (SMA200) of $49.484.
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The stock witnessed a 8.18% loss in the last 1 month and extending the period to 3 months gives it a 29.20%, and is 4.54% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.41% over the week and 1.49% over the month.
Cisco Systems, Inc (CSCO) has around 90400 employees, a market worth around $234.02B and $53.80B in sales. Current P/E ratio is 23.14 and Fwd P/E is 15.18. Profit margin for the company is 19.18%. Distance from 52-week low is 31.93% and -1.13% from its 52-week high. The company has generated returns on investments over the last 12 months (15.64%).
The EPS is expected to shrink by -4.24% this year.
Cisco Systems, Inc (CSCO) Top Institutional Holders
3899.0 institutions hold shares in Cisco Systems, Inc (CSCO), with institutional investors hold 79.27% of the company’s shares. The shares outstanding are 4.01B, and float is at 3.98B with Short Float at 1.48%. Institutions hold 79.22% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 386.35 million shares valued at $18.36 billion. The investor’s holdings represent 9.5584% of the CSCO Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 354.83 million shares valued at $16.86 billion to account for 8.7787 of the shares outstanding. The other top investors are STATE STREET CORP which holds 190.25 million shares representing 4.7068% and valued at over $9.04 billion, while GEODE CAPITAL MANAGEMENT, LLC holds 2.3347 of the shares totaling 94.37 million with a market value of $4.47 billion.
Cisco Systems, Inc (CSCO) Insider Activity
The most recent transaction is an insider sale by Wong Maria Victoria, the company’s SVP & Chief Acctg Officer. SEC filings show that Wong Maria Victoria sold 638 shares of the company’s common stock on Sep 12 ’24 at a price of $49.09 per share for a total of $31319.0. Following the sale, the insider now owns 46017.0 shares.
Cisco Systems, Inc disclosed in a document filed with the SEC on Sep 12 ’24 that Subaiya Thimaya K. (EVP, Operations) sold a total of 1,328 shares of the company’s common stock. The trade occurred on Sep 12 ’24 and was made at $48.92 per share for $64966.0. Following the transaction, the insider now directly holds 0.13 million shares of the CSCO stock.
Still, SEC filings show that on Sep 12 ’24, Stahlkopf Deborah L (EVP and Chief Legal Officer) disposed off 2,642 shares at an average price of $48.95 for $0.13 million. The insider now directly holds 161,223 shares of Cisco Systems, Inc (CSCO).
