Goldman Sachs Group began coverage on shares of Cisco Systems (NASDAQ:CSCO) in a report issued on Wednesday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $48.00 price target on the network equipment provider’s stock.

Other equities research analysts have also recently issued research reports about the company. Piper Jaffray Companies reissued an overweight rating and set a $44.00 target price on shares of Cisco Systems in a report on Wednesday, January 10th. Berenberg Bank reissued a hold rating and set a $33.00 target price on shares of Cisco Systems in a report on Tuesday, October 24th. BMO Capital Markets reissued a hold rating and set a $32.00 target price on shares of Cisco Systems in a report on Monday, October 23rd. Citigroup reissued a buy rating and set a $40.00 target price on shares of Cisco Systems in a report on Thursday, November 16th. They noted that the move was a valuation call. Finally, Nomura boosted their target price on Cisco Systems from $29.00 to $33.00 and gave the stock a neutral rating in a report on Thursday, November 16th. Thirteen equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. Cisco Systems presently has a consensus rating of Buy and a consensus target price of $39.54.

Shares of Cisco Systems (CSCO) opened at $40.34 on Wednesday. The firm has a market capitalization of $198,585.30, a P/E ratio of 18.51, a PEG ratio of 3.62 and a beta of 1.23. The company has a current ratio of 2.87, a quick ratio of 2.81 and a debt-to-equity ratio of 0.39. Cisco Systems has a twelve month low of $30.36 and a twelve month high of $42.98.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The firm had revenue of $12.14 billion for the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter in the previous year, the company earned $0.61 earnings per share. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. sell-side analysts forecast that Cisco Systems will post 2.22 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th were given a $0.29 dividend. The ex-dividend date was Thursday, January 4th. This represents a $1.16 annualized dividend and a yield of 2.88%. Cisco Systems’s dividend payout ratio (DPR) is 60.10%.

In other Cisco Systems news, SVP Rebecca Jacoby sold 75,021 shares of Cisco Systems stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $38.42, for a total transaction of $2,882,306.82. Following the transaction, the senior vice president now directly owns 257,476 shares in the company, valued at approximately $9,892,227.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Karen Walker sold 5,786 shares of Cisco Systems stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total transaction of $211,131.14. Following the transaction, the senior vice president now owns 176,418 shares in the company, valued at $6,437,492.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 348,643 shares of company stock worth $12,892,271. 0.05% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. boosted its stake in shares of Cisco Systems by 23.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 62,709,508 shares of the network equipment provider’s stock valued at $2,109,614,000 after buying an additional 11,972,070 shares during the period. Stifel Financial Corp boosted its stake in shares of Cisco Systems by 6,109.5% during the 3rd quarter. Stifel Financial Corp now owns 8,147,775 shares of the network equipment provider’s stock valued at $273,977,000 after buying an additional 8,016,561 shares during the period. Vanguard Group Inc. boosted its stake in shares of Cisco Systems by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider’s stock valued at $11,021,378,000 after buying an additional 7,411,891 shares during the period. American Century Companies Inc. boosted its stake in shares of Cisco Systems by 54.2% during the 2nd quarter. American Century Companies Inc. now owns 14,362,422 shares of the network equipment provider’s stock valued at $449,544,000 after buying an additional 5,049,326 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in shares of Cisco Systems by 51.1% during the 2nd quarter. Janus Henderson Group PLC now owns 13,528,059 shares of the network equipment provider’s stock valued at $423,475,000 after buying an additional 4,577,831 shares during the period. Hedge funds and other institutional investors own 75.64% of the company’s stock.

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About Cisco Systems

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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