Cisco Systems Inc. (NASDAQ:CSCO)‘s stock had its “buy” rating restated by investment analysts at Deutsche Bank AG in a research note issued to investors on Monday. They presently have a $37.00 price target on the network equipment provider’s stock. Deutsche Bank AG’s target price would suggest a potential upside of 21.55% from the company’s previous close.

Other analysts also recently issued reports about the company. Vetr downgraded Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $32.61 price target for the company. in a research report on Thursday, July 14th. Cowen and Company restated a “buy” rating on shares of Cisco Systems in a research report on Tuesday, July 12th. Drexel Hamilton restated a “buy” rating and issued a $36.00 price target on shares of Cisco Systems in a research report on Tuesday, July 12th. BMO Capital Markets restated a “buy” rating and issued a $32.00 price target on shares of Cisco Systems in a research report on Sunday, July 10th. Finally, Argus restated a “buy” rating and issued a $34.00 price target on shares of Cisco Systems in a research report on Thursday, July 7th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $32.56.

Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

Cisco Systems (NASDAQ:CSCO) opened at 30.44 on Monday. The firm has a 50 day moving average of $31.23 and a 200-day moving average of $29.55. Cisco Systems has a 1-year low of $22.46 and a 1-year high of $31.95. The company has a market capitalization of $152.64 billion, a price-to-earnings ratio of 14.43 and a beta of 1.49.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, August 17th. The network equipment provider reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The firm earned $12.60 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 EPS. On average, equities research analysts anticipate that Cisco Systems will post $2.43 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 5th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.42%. The ex-dividend date is Monday, October 3rd. Cisco Systems’s payout ratio is currently 49.06%.

In other news, SVP Mark D. Chandler sold 25,024 shares of the company’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $30.44, for a total value of $761,730.56. Following the transaction, the senior vice president now owns 229,905 shares of the company’s stock, valued at approximately $6,998,308.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Roderick C. Mcgeary sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $30.91, for a total value of $463,650.00. Following the completion of the transaction, the director now directly owns 140,595 shares in the company, valued at approximately $4,345,791.45. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Investment Centers of America Inc. raised its position in shares of Cisco Systems by 37.3% in the first quarter. Investment Centers of America Inc. now owns 33,945 shares of the network equipment provider’s stock valued at $967,000 after buying an additional 9,221 shares during the period. Glenmede Trust Co. NA raised its position in shares of Cisco Systems by 5.9% in the first quarter. Glenmede Trust Co. NA now owns 4,551,025 shares of the network equipment provider’s stock valued at $129,566,000 after buying an additional 254,106 shares during the period. RKL Wealth Management LLC acquired a new position in shares of Cisco Systems during the first quarter valued at approximately $633,000. St. Johns Investment Management Company LLC raised its position in shares of Cisco Systems by 3.9% in the first quarter. St. Johns Investment Management Company LLC now owns 32,017 shares of the network equipment provider’s stock valued at $912,000 after buying an additional 1,202 shares during the period. Finally, Chesley Taft & Associates LLC raised its position in shares of Cisco Systems by 0.9% in the first quarter. Chesley Taft & Associates LLC now owns 26,702 shares of the network equipment provider’s stock valued at $760,000 after buying an additional 227 shares during the period. 75.06% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Company Profile

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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