BMO Capital Markets restated their hold rating on shares of Cisco Systems, Inc. (NASDAQ:CSCO) in a research report sent to investors on Friday morning.

Several other research analysts also recently commented on the stock. Vetr downgraded shares of Cisco Systems from a buy rating to a hold rating and set a $33.12 price target for the company. in a report on Monday, July 24th. Zacks Investment Research raised shares of Cisco Systems from a sell rating to a hold rating in a report on Tuesday, July 18th. Sanford C. Bernstein reissued an outperform rating and issued a $38.00 price target on shares of Cisco Systems in a report on Friday, July 14th. Cowen and Company reissued an outperform rating and issued a $39.00 price target on shares of Cisco Systems in a report on Tuesday, July 4th. Finally, Instinet reissued a neutral rating and issued a $29.00 price target on shares of Cisco Systems in a report on Monday, July 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-two have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $35.31.

Shares of Cisco Systems (NASDAQ CSCO) opened at 31.45 on Friday. The company has a market capitalization of $157.25 billion, a PE ratio of 15.96 and a beta of 1.24. The firm’s 50-day moving average price is $31.57 and its 200 day moving average price is $32.48. Cisco Systems has a 1-year low of $29.12 and a 1-year high of $34.60.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, May 17th. The network equipment provider reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.02. Cisco Systems had a net margin of 20.61% and a return on equity of 17.31%. The firm had revenue of $11.94 billion during the quarter, compared to the consensus estimate of $11.90 billion. During the same period last year, the firm earned $0.57 EPS. The business’s quarterly revenue was down .5% compared to the same quarter last year. Equities analysts predict that Cisco Systems will post $2.38 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 26th. Investors of record on Friday, July 7th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.69%. The ex-dividend date was Wednesday, July 5th. Cisco Systems’s payout ratio is currently 58.29%.

In other news, SVP Karen Walker sold 7,802 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $31.29, for a total value of $244,124.58. Following the transaction, the senior vice president now owns 178,577 shares in the company, valued at $5,587,674.33. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John T. Chambers sold 295,537 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $31.52, for a total transaction of $9,315,326.24. The disclosure for this sale can be found here. Insiders have sold 396,179 shares of company stock worth $12,503,407 in the last three months. 0.11% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Hodges Capital Management Inc. increased its position in shares of Cisco Systems by 4.9% in the second quarter. Hodges Capital Management Inc. now owns 43,594 shares of the network equipment provider’s stock valued at $1,364,000 after buying an additional 2,053 shares in the last quarter. Norris Perne & French LLP MI increased its position in shares of Cisco Systems by 40.8% in the second quarter. Norris Perne & French LLP MI now owns 220,581 shares of the network equipment provider’s stock valued at $6,905,000 after buying an additional 63,942 shares in the last quarter. Trust Investment Advisors increased its position in shares of Cisco Systems by 2.6% in the second quarter. Trust Investment Advisors now owns 44,850 shares of the network equipment provider’s stock valued at $1,404,000 after buying an additional 1,125 shares in the last quarter. Peak Asset Management LLC increased its position in shares of Cisco Systems by 7.9% in the second quarter. Peak Asset Management LLC now owns 179,538 shares of the network equipment provider’s stock valued at $5,620,000 after buying an additional 13,088 shares in the last quarter. Finally, Palladium Partners LLC increased its position in shares of Cisco Systems by 0.3% in the second quarter. Palladium Partners LLC now owns 435,547 shares of the network equipment provider’s stock valued at $13,633,000 after buying an additional 1,348 shares in the last quarter. Hedge funds and other institutional investors own 75.37% of the company’s stock.

Cisco Systems Company Profile

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

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