JMP Securities reiterated their market perform rating on shares of Cisco Systems, Inc. (NASDAQ:CSCO) in a research note issued to investors on Friday morning.

Several other brokerages have also commented on CSCO. Instinet reiterated a neutral rating and set a $29.00 price target on shares of Cisco Systems in a research note on Monday, July 3rd. J P Morgan Chase & Co reiterated a neutral rating on shares of Cisco Systems in a research note on Monday, June 26th. Vetr lowered shares of Cisco Systems from a strong-buy rating to a buy rating and set a $37.03 price target on the stock. in a research note on Wednesday, April 26th. Morgan Stanley upgraded shares of Cisco Systems from an equal weight rating to an overweight rating and lifted their price target for the stock from $33.45 to $39.00 in a research note on Monday, May 15th. Finally, Zacks Investment Research lowered shares of Cisco Systems from a hold rating to a sell rating in a research note on Monday, May 15th. Fourteen investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The company has a consensus rating of Buy and an average price target of $35.47.

Cisco Systems (NASDAQ:CSCO) opened at 30.37 on Friday. The firm’s 50 day moving average price is $31.48 and its 200 day moving average price is $32.55. Cisco Systems has a 12 month low of $29.12 and a 12 month high of $34.60. The stock has a market cap of $151.64 billion, a price-to-earnings ratio of 15.98 and a beta of 1.24.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.61. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. The firm had revenue of $12.13 billion for the quarter, compared to analyst estimates of $12.07 billion. During the same period last year, the business earned $0.63 EPS. Cisco Systems’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, equities research analysts predict that Cisco Systems will post $2.43 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 26th. Stockholders of record on Friday, July 7th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date was Wednesday, July 5th. Cisco Systems’s dividend payout ratio is presently 60.73%.

In related news, insider John T. Chambers sold 295,537 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $31.52, for a total transaction of $9,315,326.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Karen Walker sold 7,802 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 178,577 shares of the company’s stock, valued at approximately $5,587,674.33. The disclosure for this sale can be found here. In the last three months, insiders sold 396,179 shares of company stock valued at $12,503,407. Company insiders own 0.11% of the company’s stock.

A number of institutional investors have recently modified their holdings of CSCO. Southeast Asset Advisors Inc. raised its position 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 valued at $312,000 after buying an additional 44 shares during the period. Opes Advisors Inc raised its position 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 valued at $236,000 after buying an additional 44 shares during the period. Leisure Capital Management raised its position 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 valued at $233,000 after buying an additional 48 shares during the period. Ronald Blue & Co. LLC raised its position 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 valued at $561,000 after buying an additional 57 shares during the period. Finally, Banced Corp raised its position 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 valued at $442,000 after buying an additional 59 shares during the period. 75.28% of the stock is owned by hedge funds and other institutional investors.

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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