Cornerstone Wealth Group LLC increased its holdings in Cisco Systems by 47.9% in the first quarter, owning 7,579 shares worth $378,000. Other institutional investors also made changes to their positions, with Valued Wealth Advisors LLC, Delos Wealth Advisors LLC, DiNuzzo Private Wealth Inc., Morton Brown Family Wealth LLC, and Bourgeon Capital Management LLC increasing their stakes in Cisco Systems. Insider trading included sales by SVP Maria Victoria Wong and CEO Carlos Robbins. Wall Street analysts have issued reports on CSCO, with a consensus rating of “Hold” and an average target price of $56.47.
Cisco Systems stock opened at $47.51 with a 50-day moving average of $47.06 and a 200-day moving average of $48.78, with a market capitalization of $191.41 billion. Cisco last reported earnings on May 15, beating estimates with $0.88 EPS, and announcing a quarterly dividend of $0.40. Cisco Systems, Inc. designs, manufactures, and sells Internet protocol-based networks and other products in various regions worldwide.
In conclusion, Cisco Systems has seen increased investment from various institutional investors, insider trading activities, and positive reviews from Wall Street analysts. With a strong financial performance and ongoing dividend payments, Cisco remains a key player in the information and communications technology industry.
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https://www.defenseworld.net/2024/07/01/cornerstone-wealth-group-llc-acquires-2455-shares-of-cisco-systems-inc-nasdaqcsco.html
