Cisco Systems Inc. (NASDAQ:CSCO)‘s stock had its “in-line” rating reiterated by stock analysts at Jefferies Group in a report released on Tuesday. They presently have a $31.37 price target on the network equipment provider’s stock, down from their previous price target of $35.00. Jefferies Group’s price target indicates a potential downside of 0.05% from the company’s previous close.

Several other research firms also recently issued reports on CSCO. Morgan Stanley restated a “hold” rating and issued a $28.00 price target on shares of Cisco Systems in a research note on Monday, July 18th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $32.00 price target on shares of Cisco Systems in a research note on Thursday, August 18th. Argus boosted their price target on Cisco Systems from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, August 19th. Raymond James Financial Inc. boosted their price target on Cisco Systems from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, September 23rd. Finally, RBC Capital Markets restated an “outperform” rating and issued a $35.00 price target on shares of Cisco Systems in a research note on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. Cisco Systems has a consensus rating of “Buy” and an average target price of $32.45.

Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

Cisco Systems (NASDAQ:CSCO) opened at 31.37 on Tuesday. Cisco Systems has a one year low of $22.46 and a one year high of $31.95. The company has a market cap of $157.30 billion, a PE ratio of 14.87 and a beta of 1.42. The firm’s 50-day moving average price is $30.85 and its 200-day moving average price is $29.90.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th were issued 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 3.31%. Cisco Systems’s dividend payout ratio is 49.06%.

In other news, SVP Mark D. Chandler sold 25,024 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $6,998,308.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John T. Chambers sold 541,666 shares of the company’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $31.08, for a total value of $16,834,979.28. Following the completion of the transaction, the insider now owns 2,008,697 shares in the company, valued at approximately $62,430,302.76. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of CSCO. Vanguard Group Inc. increased its position in Cisco Systems by 2.1% in the second quarter. Vanguard Group Inc. now owns 317,302,573 shares of the network equipment provider’s stock worth $9,103,410,000 after buying an additional 6,634,140 shares in the last quarter. State Street Corp increased its position in Cisco Systems by 0.7% in the first quarter. State Street Corp now owns 204,881,308 shares of the network equipment provider’s stock worth $5,832,976,000 after buying an additional 1,454,960 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Cisco Systems by 0.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 139,080,196 shares of the network equipment provider’s stock worth $4,411,624,000 after buying an additional 1,074,749 shares in the last quarter. Bank of New York Mellon Corp increased its position in Cisco Systems by 9.2% in the third quarter. Bank of New York Mellon Corp now owns 123,367,471 shares of the network equipment provider’s stock worth $3,913,216,000 after buying an additional 10,435,264 shares in the last quarter. Finally, FMR LLC increased its position in Cisco Systems by 6.8% in the second quarter. FMR LLC now owns 99,188,718 shares of the network equipment provider’s stock worth $2,845,725,000 after buying an additional 6,312,071 shares in the last quarter. Institutional investors own 75.12% of the company’s stock.

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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