Cisco Systems Inc. (NASDAQ:CSCO)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank AG in a report issued on Thursday.

Other research analysts also recently issued reports about the company. Barclays PLC reiterated a “buy” rating and set a $34.00 price objective on shares of Cisco Systems in a report on Thursday. Pacific Crest reissued a “buy” rating on shares of Cisco Systems in a research report on Thursday. JMP Securities reissued a “hold” rating on shares of Cisco Systems in a research report on Thursday. Oppenheimer Holdings Inc. reissued a “buy” rating and set a $34.00 price target on shares of Cisco Systems in a research report on Thursday. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and set a $32.00 price target on shares of Cisco Systems in a research report on Thursday, August 18th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-three 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 price target of $32.45.

Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

Shares of Cisco Systems (NASDAQ:CSCO) traded down 5.622% on Thursday, reaching $29.795. The company’s stock had a trading volume of 49,913,963 shares. Cisco Systems has a 1-year low of $22.46 and a 1-year high of $31.95. The company’s 50 day moving average is $30.87 and its 200-day moving average is $29.95. The firm has a market cap of $21789.55 billion, a price-to-earnings ratio of 14.121 and a beta of 1.42.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, November 16th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.02. The business earned $12.35 billion during the quarter, compared to the consensus estimate of $12.34 billion. Cisco Systems had a return on equity of 17.64% and a net margin of 21.81%. Cisco Systems’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period last year, the company earned $0.59 earnings per share. Equities research analysts expect that Cisco Systems will post $2.43 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th were paid a $0.26 dividend. The ex-dividend date of this dividend was Monday, October 3rd. This represents a $1.04 annualized dividend and a yield of 3.29%. Cisco Systems’s payout ratio is 49.06%.

In other Cisco Systems news, SVP Mark D. Chandler sold 25,024 shares of the stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $30.44, for a total transaction of $761,730.56. Following the sale, the senior vice president now owns 229,905 shares in the company, valued at $6,998,308.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Chris Dedicoat sold 60,000 shares of the stock in a transaction on Friday, September 16th. The stock was sold at an average price of $30.87, for a total value of $1,852,200.00. Following the sale, the executive vice president now owns 214,605 shares in the company, valued at approximately $6,624,856.35. The disclosure for this sale can be found here. 0.11% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of CSCO. The Manufacturers Life Insurance Company bought a new stake in Cisco Systems during the third quarter valued at about $401,743,000. Bank of New York Mellon Corp increased its stake 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 valued at $3,913,216,000 after buying an additional 10,435,264 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in Cisco Systems during the second quarter valued at about $247,452,000. Lazard Asset Management LLC increased its stake in Cisco Systems by 36.5% in the first quarter. Lazard Asset Management LLC now owns 29,925,456 shares of the network equipment provider’s stock valued at $851,976,000 after buying an additional 8,009,233 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake 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 valued at $9,103,410,000 after buying an additional 6,634,140 shares in the last quarter. Hedge funds and other 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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