Cisco Systems Inc. (NASDAQ:CSCO)‘s stock had its “outperform” rating restated by stock analysts at Robert W. Baird in a report released on Friday. They currently have a $35.00 price objective on the network equipment provider’s stock. Robert W. Baird’s price target points to a potential upside of 12.83% from the stock’s previous close.

Several other analysts have also recently issued reports on the company. Vetr cut Cisco Systems from a “buy” rating to a “hold” rating and set a $32.71 target price on the stock. in a research note on Monday, September 5th. Jefferies Group reissued a “buy” rating and issued a $35.00 target price on shares of Cisco Systems in a research note on Monday, August 29th. Deutsche Bank AG raised their target price on Cisco Systems from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, September 14th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $34.00 target price (up from $30.00) on shares of Cisco Systems in a research note on Friday, August 5th. Finally, Argus raised their target price on Cisco Systems from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, August 19th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $32.11.

Shares of Cisco Systems (NASDAQ:CSCO) opened at 31.02 on Friday. Cisco Systems has a one year low of $22.46 and a one year high of $31.95. The firm’s 50-day moving average price is $31.10 and its 200-day moving average price is $29.07. The company has a market capitalization of $155.55 billion, a price-to-earnings ratio of 14.70 and a beta of 1.37.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, August 17th. The network equipment provider reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. Cisco Systems had a return on equity of 17.64% and a net margin of 21.81%. The firm had revenue of $12.60 billion for the quarter, compared to analysts’ expectations of $12.57 billion. During the same period last year, the firm earned $0.59 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. Analysts anticipate that Cisco Systems will post $2.43 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 3.35%. Cisco Systems’s payout ratio is 49.06%.

In related news, Director Carol Bartz sold 15,000 shares of the stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $31.25, for a total transaction of $468,750.00. Following the completion of the sale, the director now owns 23,104 shares of the company’s stock, valued at $722,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Karen Walker sold 19,504 shares of the stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $31.04, for a total transaction of $605,404.16. Following the sale, the senior vice president now directly owns 148,869 shares of the company’s stock, valued at approximately $4,620,893.76. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Mercer Capital Advisers Inc. boosted its stake in Cisco Systems by 0.7% in the second quarter. Mercer Capital Advisers Inc. now owns 4,760 shares of the network equipment provider’s stock worth $137,000 after buying an additional 35 shares during the last quarter. Pinnacle Holdings LLC boosted its stake in Cisco Systems by 0.5% in the first quarter. Pinnacle Holdings LLC now owns 16,009 shares of the network equipment provider’s stock worth $456,000 after buying an additional 81 shares during the last quarter. Moody Lynn & Lieberson LLC boosted its stake in Cisco Systems by 0.6% in the second quarter. Moody Lynn & Lieberson LLC now owns 13,890 shares of the network equipment provider’s stock worth $399,000 after buying an additional 83 shares during the last quarter. Crawford Investment Counsel Inc. boosted its stake in Cisco Systems by 1.1% in the second quarter. Crawford Investment Counsel Inc. now owns 8,601 shares of the network equipment provider’s stock worth $247,000 after buying an additional 95 shares during the last quarter. Finally, Hayek Kallen Investment Management boosted its stake in Cisco Systems by 1.4% in the second quarter. Hayek Kallen Investment Management now owns 7,206 shares of the network equipment provider’s stock worth $207,000 after buying an additional 100 shares during the last quarter. 75.04% of the stock is owned by institutional investors.

Cisco Systems Company Profile

Cisco System, Inc (Cisco) designs and sells lines of products, provides services and delivers integrated solutions to develop and connect networks around the world, building the Internet. The Company is engaged in designing, manufacturing and selling Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry, and provides services associated with these products and their use.

5 Day Chart for NASDAQ:CSCO

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