Cisco Systems, Inc. (NASDAQ:CSCO) has made a 38.66% comeback from a 12-month low price of $40.25. It was seen 1.95% higher, changing the price to $55.81, when the closing bell rang on 7/2/2019. At a recent session, the prices were hovering between $54.7758 and $55.92. This company shares are 5.27% off its target price of $58.75 and the current market capitalization stands at $243.27B. The recent change has given its price a 1.36% lead over SMA 50 and -4.02% deficit over its 52-week high. The stock witnessed 7.78% gains, 0.94% gains and 28.8% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CSCO’s volatility during a week at 2.44% and during a month it has been found around 1.86%.
What Does Cisco Systems, Inc. (CSCO) Do?
The company describes itself in regulatory filings as, “Cisco Systems, Inc. engages in the design, manufacture, and sale of Internet Protocol based networking products and services related to the communications and information technology industry. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its product comprises of the following categories: Switches, Routers, Wireless, Network Management Interfaces and Modules, Optical Networking, Access Points, Outdoor and Industrial Access Points, Next-Generation Firewalls, Advanced Malware Protection, VPN Security Clients, Email, and Web Security. The company was founded by Sandra Lerner and Leonard Bosack on December 10, 1984 and is headquartered in San Jose, CA.” [Text can be found here: https://www.marketwatch.com/investing/stock/CSCO/profile under company description.]Cisco Systems, Inc. (CSCO) Top Holders
Institutional investors currently hold around $177.58 billion or 77.8% in CSCO stock. Look at its top three institutional owners: Vanguard Group Inc owns $19.38 billion in Cisco Systems, Inc., which represents roughly 7.97% of the company’s market cap and approximately 10.91% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 309,358,957 shares of the stock are valued at $16.93 billion. The third largest holder is State Street Corp, which currently holds $10.54 billion worth of this stock and that ownership represents nearly 4.33% of its market capitalization.Cisco Systems, Inc. 13F Filings
At the end of March reporting period, 1,048 institutional holders increased their position in Cisco Systems, Inc. (NASDAQ:CSCO) by some 65,610,042 shares, 1,224 decreased positions by 153,864,908 and 184 held positions by 3,025,000,000. That puts total institutional holdings at 3,244,000,000 shares, according to SEC filings. The stock grabbed 152 new institutional investments totaling 7,753,618 shares while 91 institutional investors sold out their entire positions totaling 5,500,219 shares.Cisco Systems, Inc. (NASDAQ:CSCO) Insider Trades
Multiple company employees have indulged in significant insider trading. Cisco Systems, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director WEST STEVEN M has sold 20,000 shares of Cisco Systems, Inc. (CSCO) in the trading session dated Jun. 12, 2019. These shares are worth $1,124,200 and were traded at $56.21 each. The SEC filing shows that CHANDLER MARK D performed a sale of 1,379 shares. The EVP, LglSrvs & GenCnsl disposed these shares by way of transaction on Jun. 12, 2019. The company’s shares were given away at $55.94 per share worth to an income of some $77,141 to the account of CHANDLER MARK D.
Director, BUSH WESLEY G, purchased 10,000 common shares of Cisco Systems, Inc. (CSCO) in the open market. In a transaction dated Jun. 07, 2019, the shares were bought at an average price of $55.74, giving away a sum of $557,400. After this purchase, 13,017 common shares of CSCO are directly owned by the insider, with total stake valued at $726,479.
In the transaction dated May. 30, 2019, a great number of shares sold came courtesy the EVP and CFO; Kramer Kelly A. disposed a total of 70,000 shares at an average price of $53.56, amounting to approximately $3,749,200. The insider now directly owns 349,122 shares worth $19,484,499.Cisco Systems, Inc. (CSCO) Analyst Guide
Several analysts have released their opinion on Cisco Systems, Inc. (NASDAQ:CSCO), with 10 analysts believing it is a strong buy. Whereas 11 of them predict the stock is a hold. Also, there are 10 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.03 average brokerage recommendation [T1].