Cisco Systems (NASDAQ:CSCO)‘s stock had its “overweight” rating reiterated by stock analysts at Raymond James in a research note issued on Friday.

Other equities analysts have also issued reports about the stock. BidaskClub lowered shares of Cisco Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Oppenheimer lifted their price target on shares of Cisco Systems from $52.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. KeyCorp cut their price target on shares of Cisco Systems from $60.00 to $56.00 and set an “overweight” rating on the stock in a report on Thursday. Cowen cut their price target on shares of Cisco Systems from $65.00 to $61.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Nomura lifted their price target on shares of Cisco Systems from $50.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty have assigned a buy rating to the company. Cisco Systems presently has an average rating of “Buy” and a consensus price target of $56.59.

Shares of Cisco Systems stock traded up $0.71 on Friday, hitting $46.96. 24,471,800 shares of the company traded hands, compared to its average volume of 18,481,358. The stock’s 50 day moving average price is $55.20 and its 200-day moving average price is $53.85. The company has a current ratio of 1.69, a quick ratio of 1.64 and a debt-to-equity ratio of 0.43. Cisco Systems has a 52 week low of $40.25 and a 52 week high of $58.26. The company has a market cap of $201.02 billion, a PE ratio of 16.48, a PEG ratio of 2.32 and a beta of 1.18.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.01. The company had revenue of $13.43 billion for the quarter, compared to analyst estimates of $13.39 billion. Cisco Systems had a net margin of 22.39% and a return on equity of 31.04%. Cisco Systems’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company posted $0.70 earnings per share. As a group, research analysts anticipate that Cisco Systems will post 3.12 EPS for the current fiscal year.

In other Cisco Systems news, Director Steven M. West sold 20,000 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $56.21, for a total value of $1,124,200.00. Following the completion of the transaction, the director now owns 5,263 shares in the company, valued at $295,833.23. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Kelly A. Kramer sold 70,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $53.56, for a total transaction of $3,749,200.00. Following the completion of the transaction, the chief financial officer now owns 349,122 shares of the company’s stock, valued at approximately $18,698,974.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,129 shares of company stock valued at $5,159,754. Insiders own 0.03% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in CSCO. Mirador Capital Partners LP grew its stake in Cisco Systems by 1.7% during the 2nd quarter. Mirador Capital Partners LP now owns 11,977 shares of the network equipment provider’s stock valued at $656,000 after acquiring an additional 199 shares in the last quarter. Weil Company Inc. grew its stake in Cisco Systems by 0.5% during the 2nd quarter. Weil Company Inc. now owns 38,992 shares of the network equipment provider’s stock valued at $2,134,000 after acquiring an additional 201 shares in the last quarter. Pinnacle Holdings LLC grew its stake in Cisco Systems by 1.0% during the 2nd quarter. Pinnacle Holdings LLC now owns 19,758 shares of the network equipment provider’s stock valued at $1,081,000 after acquiring an additional 201 shares in the last quarter. Baystate Wealth Management LLC grew its stake in Cisco Systems by 2.0% during the 2nd quarter. Baystate Wealth Management LLC now owns 10,228 shares of the network equipment provider’s stock valued at $600,000 after acquiring an additional 202 shares in the last quarter. Finally, Keel Point LLC grew its stake in Cisco Systems by 3.7% during the 2nd quarter. Keel Point LLC now owns 5,708 shares of the network equipment provider’s stock valued at $312,000 after acquiring an additional 202 shares in the last quarter. 74.28% of the stock is owned by institutional investors and hedge funds.

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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