KeyCorp reiterated their overweight rating on shares of Cisco Systems (NASDAQ:CSCO) in a report published on Friday, Marketbeat reports. The brokerage currently has a $43.00 price target on the network equipment provider’s stock, up from their previous price target of $39.00.

Other equities research analysts also recently issued research reports about the stock. Piper Jaffray Companies reissued an overweight rating and issued a $44.00 target price on shares of Cisco Systems in a research note on Wednesday, January 10th. Vetr downgraded 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. Berenberg Bank reissued a hold rating and issued a $33.00 target price on shares of Cisco Systems in a research note on Tuesday, October 24th. BMO Capital Markets reissued a hold rating and issued a $32.00 target price on shares of Cisco Systems in a research note on Monday, October 23rd. Finally, Citigroup reissued a buy rating and issued a $40.00 target price on shares of Cisco Systems in a research note on Thursday, November 16th. They noted that the move was a valuation call. Thirteen analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $38.80.

Cisco Systems (NASDAQ:CSCO) traded down $0.01 during trading on Friday, reaching $41.29. 24,580,000 shares of the company were exchanged, compared to its average volume of 19,720,000. The stock has a market capitalization of $204,070.00, a P/E ratio of 21.39, a price-to-earnings-growth ratio of 3.73 and a beta of 1.19. 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 52 week low of $30.00 and a 52 week high of $41.52.

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

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

In related news, SVP Rebecca Jacoby sold 75,021 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $38.42, for a total value of $2,882,306.82. Following the transaction, the senior vice president now owns 257,476 shares of the company’s stock, valued at approximately $9,892,227.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Karen Walker sold 5,786 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total transaction of $211,131.14. Following the completion of the transaction, the senior vice president now directly owns 176,418 shares in the company, valued at approximately $6,437,492.82. The disclosure for this sale can be found here. Insiders sold a total of 348,643 shares of company stock worth $12,892,271 in the last ninety days. 0.05% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the business. V Wealth Management LLC grew its holdings in Cisco Systems by 27.1% during the 4th quarter. V Wealth Management LLC now owns 21,884 shares of the network equipment provider’s stock worth $884,000 after acquiring an additional 4,664 shares in the last quarter. GW&K Investment Management LLC grew its holdings in Cisco Systems by 6.0% during the 4th quarter. GW&K Investment Management LLC now owns 1,506,602 shares of the network equipment provider’s stock worth $57,703,000 after acquiring an additional 85,784 shares in the last quarter. TRUE Private Wealth Advisors grew its holdings in Cisco Systems by 25.2% during the 4th quarter. TRUE Private Wealth Advisors now owns 30,945 shares of the network equipment provider’s stock worth $1,185,000 after acquiring an additional 6,234 shares in the last quarter. Personal Capital Advisors Corp grew its holdings in Cisco Systems by 50.9% during the 4th quarter. Personal Capital Advisors Corp now owns 43,103 shares of the network equipment provider’s stock worth $1,651,000 after acquiring an additional 14,540 shares in the last quarter. Finally, Cibc Bank USA grew its holdings in Cisco Systems by 14.7% during the 4th quarter. Cibc Bank USA now owns 33,590 shares of the network equipment provider’s stock worth $1,287,000 after acquiring an additional 4,303 shares in the last quarter. Institutional investors own 75.60% 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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