Fintel reports that on September 22, 2023, Tigress Financial maintained coverage of Cisco Systems (NASDAQ:CSCO) with a Buy recommendation.
Analyst Price Forecast Suggests 9.40% Upside
As of August 31, 2023, the average one-year price target for Cisco Systems is 58.35. The forecasts range from a low of 45.45 to a high of $68.25. The average price target represents an increase of 9.40% from its latest reported closing price of 53.34.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Cisco Systems is 55,626MM, a decrease of 2.41%. The projected annual non-GAAP EPS is 3.62.
What is the Fund Sentiment?
There are 4435 funds or institutions reporting positions in Cisco Systems. This is a decrease of 51 owner(s) or 1.14% in the last quarter. Average portfolio weight of all funds dedicated to CSCO is 0.73%, a decrease of 5.15%. Total shares owned by institutions decreased in the last three months by 0.87% to 3,244,610K shares. 
The put/call ratio of CSCO is 0.91, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 114,351K shares representing 2.82% ownership of the company. In it's prior filing, the firm reported owning 114,118K shares, representing an increase of 0.20%. The firm decreased its portfolio allocation in CSCO by 8.49% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 97,519K shares representing 2.40% ownership of the company. In it's prior filing, the firm reported owning 95,860K shares, representing an increase of 1.70%. The firm decreased its portfolio allocation in CSCO by 8.80% over the last quarter.
Geode Capital Management holds 84,110K shares representing 2.07% ownership of the company. In it's prior filing, the firm reported owning 78,378K shares, representing an increase of 6.81%. The firm decreased its portfolio allocation in CSCO by 3.92% over the last quarter.
Charles Schwab Investment Management holds 70,453K shares representing 1.74% ownership of the company. In it's prior filing, the firm reported owning 70,960K shares, representing a decrease of 0.72%. The firm decreased its portfolio allocation in CSCO by 4.53% over the last quarter.
Bank of New York Mellon holds 68,969K shares representing 1.70% ownership of the company. In it's prior filing, the firm reported owning 69,487K shares, representing a decrease of 0.75%. The firm decreased its portfolio allocation in CSCO by 10.02% over the last quarter.
Cisco Systems Background Information
(This description is provided by the company.)
Cisco is the worldwide leader in technology that powers the Internet. Cisco inspires new possibilities by reimagining your applications, securing your data, transforming your infrastructure, and empowering your teams for a global and inclusive future.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
