Cisco Systems (NASDAQ:CSCO) was downgraded by stock analysts at Barclays to a “hold” rating in a research note issued to investors on Thursday, TipRanks reports.

CSCO has been the subject of a number of other research reports. TheStreet upgraded Cisco Systems from a “c+” rating to a “b-” rating in a research note on Thursday, June 4th. Credit Suisse Group upped their price target on shares of Cisco Systems from $40.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Wells Fargo & Co raised their price objective on shares of Cisco Systems from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Argus restated a “buy” rating on shares of Cisco Systems in a research note on Thursday, March 26th. Finally, Nomura Instinet increased their target price on shares of Cisco Systems from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $50.70.

Shares of NASDAQ:CSCO opened at $46.66 on Thursday. Cisco Systems has a 12 month low of $32.40 and a 12 month high of $58.26. The firm has a market capitalization of $193.42 billion, a P/E ratio of 18.52, a P/E/G ratio of 2.97 and a beta of 0.98. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.59 and a quick ratio of 1.55. The company’s fifty day moving average price is $46.04 and its 200 day moving average price is $44.28.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, May 13th. The network equipment provider reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.10. Cisco Systems had a return on equity of 36.47% and a net margin of 21.32%. The business had revenue of $11.98 billion for the quarter, compared to analysts’ expectations of $11.87 billion. During the same quarter in the previous year, the firm earned $0.78 earnings per share. On average, sell-side analysts anticipate that Cisco Systems will post 2.86 EPS for the current year.

In other Cisco Systems news, CAO Prat Bhatt sold 5,703 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $44.87, for a total value of $255,893.61. Following the sale, the chief accounting officer now owns 85,613 shares of the company’s stock, valued at $3,841,455.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in CSCO. OLD Point Trust & Financial Services N A grew its position in shares of Cisco Systems by 1.0% in the second quarter. OLD Point Trust & Financial Services N A now owns 143,271 shares of the network equipment provider’s stock valued at $6,682,000 after purchasing an additional 1,400 shares during the last quarter. Investors Financial Group LLC grew its holdings in Cisco Systems by 5.1% during the 2nd quarter. Investors Financial Group LLC now owns 6,722 shares of the network equipment provider’s stock valued at $313,000 after buying an additional 329 shares during the last quarter. FLC Capital Advisors grew its holdings in Cisco Systems by 80.5% during the 2nd quarter. FLC Capital Advisors now owns 17,738 shares of the network equipment provider’s stock valued at $823,000 after buying an additional 7,909 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in Cisco Systems by 42.2% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 36,391 shares of the network equipment provider’s stock worth $1,697,000 after buying an additional 10,805 shares in the last quarter. Finally, Fulton Breakefield Broenniman LLC raised its holdings in shares of Cisco Systems by 2.3% in the second quarter. Fulton Breakefield Broenniman LLC now owns 13,469 shares of the network equipment provider’s stock worth $628,000 after acquiring an additional 300 shares during the last quarter. 71.52% of the stock is currently owned by institutional investors.

About Cisco Systems

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

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