JMP Securities reaffirmed their hold rating on shares of Cisco Systems Inc. (NASDAQ:CSCO) in a research report sent to investors on Thursday morning.

A number of other research firms have also issued reports on CSCO. Vetr lowered shares of Cisco Systems from a buy rating to a hold rating and set a $32.71 target price on the stock. in a report on Monday, September 5th. RBC Capital Markets reaffirmed an outperform rating and issued a $35.00 target price on shares of Cisco Systems in a research report on Sunday, September 4th. Deutsche Bank AG reaffirmed a buy rating and issued a $35.00 target price on shares of Cisco Systems in a research report on Tuesday, September 6th. Raymond James Financial Inc. increased their target price on shares of Cisco Systems from $32.00 to $34.00 and gave the company an outperform rating in a research report on Friday, September 23rd. Finally, Barclays PLC reaffirmed a buy rating and issued a $34.00 target price on shares of Cisco Systems in a research report on Thursday. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. Cisco Systems currently has an average rating of Buy and a consensus price target of $32.57.

Shares of Cisco Systems (NASDAQ:CSCO) traded up 0.6446% during trading on Thursday, hitting $30.2437. 13,918,116 shares of the stock were exchanged. The stock’s 50 day moving average price is $30.83 and its 200-day moving average price is $29.95. The company has a market cap of $151.65 billion, a price-to-earnings ratio of 14.3335 and a beta of 1.42. Cisco Systems has a one year low of $22.46 and a one year high of $31.95.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, November 16th. The network equipment provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.59 by $0.02. Cisco Systems had a net margin of 21.73% and a return on equity of 17.58%. The firm had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.34 billion. During the same period in the prior year, the business posted $0.59 EPS. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. On average, analysts predict that Cisco Systems will post $2.43 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 5th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, October 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 3.46%. Cisco Systems’s payout ratio is currently 49.52%.

In other news, Director Roderick C. Mcgeary sold 15,000 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $30.91, for a total value of $463,650.00. Following the completion of the sale, the director now directly owns 140,595 shares of the company’s stock, valued at $4,345,791.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Mark D. Chandler sold 62,910 shares of the firm’s stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $31.40, for a total value of $1,975,374.00. Following the completion of the transaction, the senior vice president now directly owns 286,628 shares of the company’s stock, valued at $9,000,119.20. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Riggs Asset Managment Co. Inc. boosted its position in shares of 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 valued at $102,000 after buying an additional 225 shares during the period. Proficio Capital Partners LLC boosted its position in shares of 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 valued at $102,000 after buying an additional 210 shares during the period. Orrstown Financial Services Inc. boosted its position in shares of 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 valued at $103,000 after buying an additional 1,530 shares during the period. Reilly Financial Advisors LLC boosted its position in shares of 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 valued at $104,000 after buying an additional 286 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of Cisco Systems by 112.3% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 3,418 shares of the network equipment provider’s stock valued at $108,000 after buying an additional 1,808 shares during the period. 75.12% of the stock is owned by hedge funds and other institutional investors.

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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