Cisco Systems, Inc. (NASDAQ:CSCO) has been assigned a $34.00 price objective by investment analysts at Stifel Nicolaus in a note issued to investors on Tuesday. The firm presently has a “hold” rating on the network equipment provider’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 5.95% from the company’s current price.

Several other research analysts have also issued reports on the stock. Drexel Hamilton reissued a “buy” rating and issued a $40.00 price target on shares of Cisco Systems in a research report on Tuesday, May 16th. Vetr lowered shares of Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $37.03 price target for the company. in a research report on Wednesday, April 26th. Jefferies Group LLC reissued a “buy” rating and issued a $37.00 price target on shares of Cisco Systems in a research report on Wednesday, April 26th. Robert W. Baird reissued a “buy” rating on shares of Cisco Systems in a research report on Monday, May 1st. Finally, Citigroup Inc. set a $36.00 price target on shares of Cisco Systems and gave the stock a “buy” rating in a research report on Friday, May 19th. Fourteen investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Cisco Systems currently has a consensus rating of “Buy” and a consensus price target of $35.31.

Cisco Systems (NASDAQ CSCO) traded up 0.59% during trading on Tuesday, hitting $32.28. The stock had a trading volume of 18,399,649 shares. Cisco Systems has a 52 week low of $29.12 and a 52 week high of $34.60. The stock has a 50-day moving average price of $31.53 and a 200-day moving average price of $32.57. The company has a market cap of $161.40 billion, a PE ratio of 16.39 and a beta of 1.24. Cisco Systems also was the target of some unusual options trading activity on Tuesday. Stock traders acquired 24,568 put options on the stock. This represents an increase of approximately 223% compared to the typical volume of 7,606 put options.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, May 17th. The network equipment provider reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.02. Cisco Systems had a net margin of 20.61% and a return on equity of 17.31%. The business had revenue of $11.94 billion during the quarter, compared to analysts’ expectations of $11.90 billion. During the same quarter last year, the company earned $0.57 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. Equities analysts predict that Cisco Systems will post $2.38 EPS for the current year.

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In related news, SVP Rebecca Jacoby sold 92,840 shares of the firm’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $31.71, for a total transaction of $2,943,956.40. Following the sale, the senior vice president now directly owns 271,725 shares in the company, valued at $8,616,399.75. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Karen Walker sold 7,802 shares of the firm’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $31.29, for a total transaction of $244,124.58. Following the sale, the senior vice president now owns 178,577 shares in the company, valued at $5,587,674.33. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 396,179 shares of company stock worth $12,503,407. 0.11% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of CSCO. Southeast Asset Advisors Inc. raised its stake in shares of Cisco Systems by 0.5% in the first quarter. Southeast Asset Advisors Inc. now owns 9,233 shares of the network equipment provider’s stock worth $312,000 after buying an additional 44 shares during the last quarter. Opes Advisors Inc raised its stake in shares of Cisco Systems by 0.6% in the second quarter. Opes Advisors Inc now owns 7,475 shares of the network equipment provider’s stock worth $236,000 after buying an additional 44 shares during the last quarter. Leisure Capital Management raised its stake in shares of Cisco Systems by 0.6% in the second quarter. Leisure Capital Management now owns 7,454 shares of the network equipment provider’s stock worth $233,000 after buying an additional 48 shares during the last quarter. Ronald Blue & Co. LLC raised its stake in shares of Cisco Systems by 0.3% in the second quarter. Ronald Blue & Co. LLC now owns 17,912 shares of the network equipment provider’s stock worth $561,000 after buying an additional 57 shares during the last quarter. Finally, Banced Corp raised its stake in shares of Cisco Systems by 0.4% in the second quarter. Banced Corp now owns 14,143 shares of the network equipment provider’s stock worth $442,000 after buying an additional 59 shares during the last quarter. Institutional investors and hedge funds own 75.28% of the company’s stock.

Cisco Systems Company Profile

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

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