Cisco Systems Inc. (NASDAQ:CSCO) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totalling 49,379,570 shares, a decline of 3.6% from the September 15th total of 51,214,345 shares. Based on an average daily trading volume, of 21,187,024 shares, the short-interest ratio is presently 2.3 days. Approximately 1.0% of the shares of the stock are short sold.

In other news, Director Carol Bartz sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $31.25, for a total transaction of $468,750.00. Following the transaction, the director now directly owns 23,104 shares in the company, valued at $722,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark D. Chandler sold 62,910 shares of the company’s stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $31.40, for a total transaction of $1,975,374.00. Following the transaction, the senior vice president now owns 286,628 shares in the company, valued at $9,000,119.20. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in CSCO. Carroll Financial Associates Inc. raised its stake in shares of Cisco Systems by 1.8% in the first quarter. Carroll Financial Associates Inc. now owns 67,139 shares of the network equipment provider’s stock valued at $1,911,000 after buying an additional 1,175 shares during the period. City Holding Co. raised its stake in shares of Cisco Systems by 2.3% in the first quarter. City Holding Co. now owns 85,638 shares of the network equipment provider’s stock valued at $2,438,000 after buying an additional 1,925 shares during the period. Raymond James Trust N.A. raised its stake in shares of Cisco Systems by 7.4% in the first quarter. Raymond James Trust N.A. now owns 376,866 shares of the network equipment provider’s stock valued at $10,729,000 after buying an additional 26,106 shares during the period. Stokes & Hubbell Capital Management LLC raised its stake in shares of Cisco Systems by 29.6% in the first quarter. Stokes & Hubbell Capital Management LLC now owns 23,828 shares of the network equipment provider’s stock valued at $678,000 after buying an additional 5,439 shares during the period. Finally, Murphy Pohlad Asset Management LLC raised its stake in shares of Cisco Systems by 9.4% in the first quarter. Murphy Pohlad Asset Management LLC now owns 22,757 shares of the network equipment provider’s stock valued at $647,000 after buying an additional 1,955 shares during the period. 75.00% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems (NASDAQ:CSCO) opened at 30.17 on Friday. The company’s 50-day moving average price is $31.32 and its 200-day moving average price is $29.49. Cisco Systems has a 12-month low of $22.46 and a 12-month high of $31.95. The stock has a market cap of $151.28 billion, a PE ratio of 14.30 and a beta of 1.49.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, August 17th. The network equipment provider reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The business had revenue of $12.60 billion for the quarter, compared to analyst estimates of $12.57 billion. Cisco Systems had a return on equity of 17.64% and a net margin of 21.81%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.59 EPS. On average, equities analysts expect that Cisco Systems will post $2.43 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Monday, October 3rd. Cisco Systems’s dividend payout ratio (DPR) is 49.06%.

A number of equities analysts have recently issued reports on the stock. JMP Securities reiterated a “market perform” rating on shares of Cisco Systems in a research report on Wednesday, October 5th. Vetr upgraded shares of Cisco Systems from a “buy” rating to a “strong-buy” rating and set a $35.44 target price on the stock in a research report on Monday, October 3rd. Bank of America Corp. reiterated a “neutral” rating and set a $33.00 target price on shares of Cisco Systems in a research report on Monday, September 26th. RBC Capital Markets reiterated an “outperform” rating and set a $35.00 target price on shares of Cisco Systems in a research report on Friday, September 23rd. Finally, Raymond James Financial Inc. upped their target price on shares of Cisco Systems from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, September 23rd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Cisco Systems has a consensus rating of “Buy” and an average target price of $32.50.

About Cisco Systems

Cisco System, Inc (Cisco) designs and sells lines of products, provides services and delivers integrated solutions to develop and connect networks around the world, building the Internet. The Company is engaged in designing, manufacturing and selling Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry, and provides services associated with these products and their use.

5 Day Chart for NASDAQ:CSCO

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