Shares of Cisco Systems Inc. (NASDAQ:CSCO) have been assigned an average recommendation of “Buy” from the thirty-eight brokerages that are currently covering the company. One equities research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation, twenty-four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $33.00.

Several equities analysts have recently issued reports on the stock. Morgan Stanley reaffirmed a “hold” rating and issued a $28.00 price objective on shares of Cisco Systems in a research note on Monday, July 18th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $32.00 price objective on shares of Cisco Systems in a research note on Thursday, August 18th. Argus lifted their price objective on shares of Cisco Systems from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, August 19th. Raymond James Financial Inc. lifted their price objective on shares of Cisco Systems from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, September 23rd. Finally, RBC Capital Markets reaffirmed an “outperform” rating and issued a $35.00 price objective on shares of Cisco Systems in a research note on Wednesday, August 17th.

In related news, Director Carol Bartz sold 15,000 shares of the stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $31.25, for a total transaction of $468,750.00. Following the completion of the sale, the director now directly owns 23,104 shares of the company’s stock, valued at approximately $722,000. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John T. Chambers sold 541,666 shares of the stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $31.08, for a total value of $16,834,979.28. Following the sale, the insider now directly owns 2,008,697 shares of the company’s stock, valued at $62,430,302.76. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. boosted its stake in Cisco Systems by 6.7% in the second quarter. Riggs Asset Managment Co. Inc. now owns 3,570 shares of the network equipment provider’s stock worth $102,000 after buying an additional 225 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in Cisco Systems by 7.0% in the third quarter. Proficio Capital Partners LLC now owns 3,211 shares of the network equipment provider’s stock worth $102,000 after buying an additional 210 shares during the last quarter. Orrstown Financial Services Inc. boosted its stake in Cisco Systems by 89.3% in the third quarter. Orrstown Financial Services Inc. now owns 3,243 shares of the network equipment provider’s stock worth $103,000 after buying an additional 1,530 shares during the last quarter. Reilly Financial Advisors LLC boosted its stake in Cisco Systems by 9.5% in the third quarter. Reilly Financial Advisors LLC now owns 3,289 shares of the network equipment provider’s stock worth $104,000 after buying an additional 286 shares during the last quarter. Finally, Lenox Wealth Management Inc. boosted its stake in Cisco Systems by 35.0% in the second quarter. Lenox Wealth Management Inc. now owns 3,835 shares of the network equipment provider’s stock worth $110,000 after buying an additional 995 shares during the last quarter. 74.98% of the stock is owned by institutional investors and hedge funds.

Cisco Systems (NASDAQ:CSCO) opened at 31.00 on Tuesday. The stock has a market cap of $155.44 billion, a P/E ratio of 14.69 and a beta of 1.42. Cisco Systems has a 1-year low of $22.46 and a 1-year high of $31.95. The firm’s 50-day moving average is $30.85 and its 200-day moving average is $29.84.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th were given a $0.26 dividend. The ex-dividend date was Monday, October 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.35%. Cisco Systems’s dividend payout ratio is 49.06%.

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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