Cisco Systems, Inc.

(NASDAQ Global Select)
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Slightly Bullish +25

Catalyst Capital Advisors LLC Lowers Position in Cisco Systems, Inc ...

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πŸ“‰ Catalyst Capital Advisors LLC cut its Cisco Systems stake by 29.9% in Q1, reducing holdings to 37,312 shares valued at $2.895 million.

πŸ“ˆ Vanguard Group Inc. increased its CSCO position by 1.0% in Q4, now owning 398,943,293 shares worth $30.73 billion.

🏦 State Street Corp and Morgan Stanley both lifted their Cisco holdings by 0.5% and 0.3% respectively during the fourth quarter.

πŸ“Š Invesco Ltd. grew its stake in Cisco Systems by 11.6%, purchasing an additional 6.2 million shares valued at $4.6 billion.

πŸ‡³πŸ‡΄ Norges Bank purchased a new stake in Cisco Systems worth $4.47 billion during the fourth quarter.

πŸ’° CSCO opened at $111.94 with a market cap of $441.20 billion and a P/E ratio of 36.34.

πŸ“… The company declared a quarterly dividend of $0.42 per share, payable on July 22nd to shareholders of record on July 6th.

πŸ‘€ Insider Jeetendra I. Patel sold 7,169 shares for $840,780 under a Rule 10b5-1 trading plan in May.

πŸ‘€ EVP Thimaya K. Subaiya sold 7,127 shares for $854,598 under a pre-arranged trading plan in June.

πŸ“‰ Total insider sales in the last quarter reached 47,650 shares worth $5.67 million.

🎯 New Street Research raised its price target to $122 with a 'neutral' rating on May 14th.

πŸš€ Piper Sandler increased its price objective to $132 while maintaining a 'neutral' rating.

πŸ” Evercore upgraded its price target to $150 and issued an 'outperform' rating.

πŸ“‰ Wall Street Zen lowered its rating from 'buy' to 'hold' on July 12th.

πŸ† The consensus analyst rating is 'Moderate Buy' with an average price target of $123.14.

Bullish Signals
  • Major institutional investors like Vanguard Group Inc., State Street Corp, and Morgan Stanley increased their stakes in CSCO during the fourth quarter.
  • Invesco Ltd. significantly grew its position by 11.6%, adding over $4.6 billion to its holdings.
  • Norges Bank initiated a new substantial stake valued at $4.47 billion, indicating strong institutional confidence.
  • Multiple analysts including Evercore and CICC Research raised their price targets to $150 and $125 respectively with 'outperform' ratings.
  • The company maintains a healthy dividend yield of 1.5% with an annualized payout of $1.68 per share.
  • Cisco Systems has a strong balance sheet with a debt-to-equity ratio of only 0.40.
Risk Factors
  • Catalyst Capital Advisors LLC reduced its position by nearly 30% in the first quarter, signaling some institutional caution.
  • Wall Street Zen downgraded its rating from 'buy' to 'hold' on July 12th.
  • Recent insider selling activity totaled $5.67 million in the last quarter, though executed under pre-arranged plans.
  • The stock is trading below its 50-day simple moving average of $117.40.
Full Analysis
Catalyst Capital Advisors LLC reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 29.9% during the first quarter, selling 15,884 shares to hold a remaining stake of 37,312 shares valued at $2.9 million. This move contrasts with significant accumulation from other major institutional investors in the fourth quarter, including Vanguard Group Inc., which increased its holdings by 1.0% to own over 398 million shares worth approximately $30.7 billion. State Street Corp and Morgan Stanley also boosted their stakes slightly, while Invesco Ltd. grew its position by 11.6%. Norges Bank initiated a new stake valued at $4.47 billion. Collectively, hedge funds and institutional investors own 73.33% of the company's outstanding stock. The article provides detailed financial metrics for CSCO, noting a market capitalization of $441.20 billion, a P/E ratio of 36.34, and a current share price opening at $111.94. Recent insider activity shows executives Jeetendra I. Patel and Thimaya K. Subaiya sold shares totaling over $1.7 million under pre-arranged Rule 10b5-1 trading plans, though corporate insiders still hold a negligible 0.01% of the stock. Analyst sentiment remains mixed but generally positive, with New Street Research, Piper Sandler, Evercore, and CICC Research raising price targets to between $122 and $150, while Wall Street Zen lowered its rating to 'hold'.