Cisco Systems (NASDAQ:CSCO) had its target price increased by Barclays from $37.00 to $45.00 in a research report sent to investors on Wednesday morning. They currently have an overweight rating on the network equipment provider’s stock.

A number of other brokerages have also weighed in on CSCO. Royal Bank of Canada reaffirmed a buy rating and set a $36.00 target price on shares of Cisco Systems in a research note on Wednesday, November 15th. Vetr lowered shares of Cisco Systems from a buy rating to a hold rating and set a $34.13 target price on the stock. in a research note on Monday, September 25th. BidaskClub raised shares of Cisco Systems from a buy rating to a strong-buy rating in a research note on Friday, January 5th. BMO Capital Markets reaffirmed a hold rating and set a $32.00 target price on shares of Cisco Systems in a research note on Thursday, September 28th. Finally, Credit Suisse Group reissued a hold rating and set a $35.00 price target on shares of Cisco Systems in a research report on Friday, October 6th. Thirteen analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $38.80.

Shares of Cisco Systems (CSCO) traded down $0.01 on Wednesday, hitting $41.29. 24,469,262 shares of the stock were exchanged, compared to its average volume of 19,720,000. The company has a market cap of $204,120.00, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 3.73 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.87 and a quick ratio of 2.81. Cisco Systems has a 52-week low of $29.92 and a 52-week high of $41.52.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The firm had revenue of $12.14 billion for the quarter, compared to analyst estimates of $12.11 billion. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 EPS. sell-side analysts expect that Cisco Systems will post 2.21 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.16 annualized dividend and a yield of 2.81%. Cisco Systems’s dividend payout ratio (DPR) is presently 60.10%.

In other Cisco Systems news, SVP Karen Walker sold 5,786 shares of Cisco Systems stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total value of $211,131.14. Following the completion of the transaction, the senior vice president now directly owns 176,418 shares of the company’s stock, valued at $6,437,492.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Prat Bhatt sold 2,606 shares of Cisco Systems stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total transaction of $95,092.94. Following the completion of the transaction, the chief accounting officer now directly owns 89,184 shares of the company’s stock, valued at $3,254,324.16. The disclosure for this sale can be found here. Insiders sold 348,643 shares of company stock valued at $12,892,271 over the last ninety days. Corporate insiders own 0.05% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barnett & Company Inc. raised its holdings in shares of Cisco Systems by 1,511.5% during the second quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock valued at $101,000 after purchasing an additional 3,023 shares during the last quarter. Stonehearth Capital Management LLC purchased a new position in shares of Cisco Systems during the fourth quarter valued at approximately $102,000. Tortoise Investment Management LLC raised its holdings in shares of Cisco Systems by 36.1% during the second quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock valued at $104,000 after purchasing an additional 878 shares during the last quarter. Mountain Capital Investment Advisors Inc purchased a new position in shares of Cisco Systems during the second quarter valued at approximately $104,000. Finally, Grove Bank & Trust raised its holdings in shares of Cisco Systems by 141.3% during the second quarter. Grove Bank & Trust now owns 3,620 shares of the network equipment provider’s stock valued at $113,000 after purchasing an additional 2,120 shares during the last quarter. 75.60% of the stock is owned by hedge funds and other institutional investors.

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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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