Vetr upgraded shares of Cisco Systems, Inc. (NASDAQ:CSCO) from a hold rating to a buy rating in a report issued on Monday. They currently have $35.49 price target on the network equipment provider’s stock.

A number of other equities research analysts have also recently commented on CSCO. Zacks Investment Research raised shares of Cisco Systems from a sell rating to a hold rating in a report on Tuesday, July 18th. BMO Capital Markets reaffirmed a hold rating on shares of Cisco Systems in a report on Friday, July 28th. BidaskClub cut shares of Cisco Systems from a hold rating to a sell rating in a report on Monday, July 31st. Deutsche Bank AG set a $40.00 target price on shares of Cisco Systems and gave the company a buy rating in a report on Wednesday, August 2nd. Finally, Jefferies Group LLC reissued a buy rating and set a $37.00 target price on shares of Cisco Systems in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-two have given a buy rating to the stock. Cisco Systems has a consensus rating of Buy and an average price target of $35.31.

Cisco Systems (CSCO) traded down $0.04 during trading hours on Monday, hitting $33.95. 16,441,500 shares of the company were exchanged, compared to its average volume of 19,953,471. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.03 and a quick ratio of 2.98. The company has a market cap of $168,560.00, a PE ratio of 15.66, a PEG ratio of 2.97 and a beta of 1.15. Cisco Systems has a 52 week low of $29.12 and a 52 week high of $34.75.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 EPS for the quarter, hitting analysts’ consensus estimates of $0.61. The company had revenue of $12.13 billion for the quarter, compared to analysts’ expectations of $12.07 billion. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. Cisco Systems’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 EPS. sell-side analysts anticipate that Cisco Systems will post 2.18 EPS for the current year.

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The business also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Thursday, October 5th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend was Wednesday, October 4th. Cisco Systems’s payout ratio is currently 61.05%.

In other Cisco Systems news, SVP Mark D. Chandler sold 65,000 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $32.43, for a total transaction of $2,107,950.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Prat Bhatt sold 25,638 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total transaction of $821,954.28. Following the transaction, the chief accounting officer now directly owns 119,996 shares of the company’s stock, valued at approximately $3,847,071.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 485,138 shares of company stock valued at $15,347,574. 0.05% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Mastrapasqua Asset Management Inc. increased its stake in shares of Cisco Systems by 27.0% during the third quarter. Mastrapasqua Asset Management Inc. now owns 23,455 shares of the network equipment provider’s stock valued at $789,000 after purchasing an additional 4,985 shares in the last quarter. Cohen & Steers Inc. increased its stake in shares of Cisco Systems by 8.8% during the third quarter. Cohen & Steers Inc. now owns 473,992 shares of the network equipment provider’s stock valued at $15,940,000 after purchasing an additional 38,158 shares in the last quarter. Sand Hill Global Advisors LLC increased its stake in shares of Cisco Systems by 39.9% during the third quarter. Sand Hill Global Advisors LLC now owns 15,438 shares of the network equipment provider’s stock valued at $519,000 after purchasing an additional 4,400 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Cisco Systems by 4.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 797,902 shares of the network equipment provider’s stock valued at $26,834,000 after purchasing an additional 31,837 shares in the last quarter. Finally, First Republic Investment Management Inc. increased its stake in shares of Cisco Systems by 2.7% during the third quarter. First Republic Investment Management Inc. now owns 3,080,263 shares of the network equipment provider’s stock valued at $103,589,000 after purchasing an additional 80,943 shares in the last quarter. 75.22% of the stock is owned by institutional investors and hedge funds.

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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