Investors sold shares of Cisco Systems, Inc. (NASDAQ:CSCO) on strength during trading on Monday. $83.36 million flowed into the stock on the tick-up and $185.61 million flowed out of the stock on the tick-down, for a money net flow of $102.25 million out of the stock. Of all stocks tracked, Cisco Systems had the 0th highest net out-flow for the day. Cisco Systems traded up $0.71 for the day and closed at $32.19

CSCO has been the subject of a number of research reports. Robert W. Baird reissued a “buy” rating on shares of Cisco Systems in a research note on Thursday, May 18th. Jefferies Group LLC reissued a “buy” rating and set a $37.00 target price on shares of Cisco Systems in a research note on Friday, May 19th. Drexel Hamilton reissued a “buy” rating and set a $40.00 target price on shares of Cisco Systems in a research note on Tuesday, May 16th. Citigroup Inc. set a $36.00 target price on shares of Cisco Systems and gave the company a “buy” rating in a research note on Friday, May 19th. Finally, Deutsche Bank AG set a $40.00 target price on shares of Cisco Systems and gave the company a “buy” rating in a research note on Friday, May 19th. Fourteen research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Cisco Systems currently has an average rating of “Buy” and a consensus price target of $35.57.

The stock has a market cap of $161.82 billion, a PE ratio of 17.06 and a beta of 1.19. The company’s 50-day moving average price is $31.60 and its 200-day moving average price is $32.49.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 EPS for the quarter, meeting the 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 firm earned $0.63 EPS. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. Equities research analysts predict that Cisco Systems, Inc. will post $2.43 EPS for the current year.

In other Cisco Systems news, insider John T. Chambers sold 250,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $31.14, for a total value of $7,785,000.00. Following the transaction, the insider now directly owns 729,305 shares of the company’s stock, valued at approximately $22,710,557.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.11% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Perigon Wealth Management LLC boosted its stake in shares of Cisco Systems by 3.7% in the 2nd quarter. Perigon Wealth Management LLC now owns 179,705 shares of the network equipment provider’s stock valued at $5,625,000 after purchasing an additional 6,394 shares in the last quarter. W. E. Donoghue & Co. LLC acquired a new stake in shares of Cisco Systems in the 2nd quarter valued at approximately $16,034,000. Intl Fcstone Inc. boosted its stake in shares of Cisco Systems by 188.2% in the 2nd quarter. Intl Fcstone Inc. now owns 62,003 shares of the network equipment provider’s stock valued at $1,941,000 after purchasing an additional 40,487 shares in the last quarter. M Holdings Securities Inc. boosted its stake in shares of Cisco Systems by 30.3% in the 2nd quarter. M Holdings Securities Inc. now owns 62,831 shares of the network equipment provider’s stock valued at $1,967,000 after purchasing an additional 14,602 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its stake in shares of Cisco Systems by 17.0% in the 2nd quarter. Lord Abbett & CO. LLC now owns 6,082,742 shares of the network equipment provider’s stock valued at $190,390,000 after purchasing an additional 882,680 shares in the last quarter. 74.70% of the stock is currently owned by hedge funds and other institutional investors.

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About Cisco Systems

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).

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