In the first quarter, Bowman & Co SC reduced its stake in Cisco Systems, Inc. by 3.4%, selling 1,053 shares to own 30,221 shares valued at $1,508,000. Other institutional investors like Valued Wealth Advisors LLC, Delos Wealth Advisors LLC, and DiNuzzo Private Wealth Inc. also adjusted their holdings. Analysts have set various price targets for CSCO stock, with some upgrades and coverage initiations. Insider transactions include sales by senior vice president Maria Victoria Wong and executive vice president Deborah L. Stahlkopf. Cisco Systems recently announced a quarterly dividend of $0.40, with the ex-dividend date on July 5th. The company’s main products include internet protocol-based networks, switching, routing, wireless products, and computing technologies. Cisco Systems last reported earnings on May 15th, surpassing analysts’ estimates with an earnings per share of $0.88.
Cisco Systems’ stock performance has been steady, with the company’s price-to-earnings ratio of 15.78 and a market capitalization of $188.79 billion. The company’s fifty-day and 200-day moving averages are $47.11 and $48.83, respectively. Analysts predict an earnings per share of $3.14 for the current fiscal year. In conclusion, Cisco Systems continues to be a prominent player in the information and communications technology industry, with steady financial performance and investor interest.
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https://www.defenseworld.net/2024/06/27/bowman-co-s-c-has-1-51-million-stake-in-cisco-systems-inc-nasdaqcsco.html
