Cisco Systems, Inc. (NASDAQ:CSCO) had its price objective increased by equities research analysts at Jefferies Group LLC to $40.00 in a note issued to investors on Thursday. The firm presently has a “buy” rating on the network equipment provider’s stock. Jefferies Group LLC’s price objective indicates a potential upside of 17.27% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Robert W. Baird reissued a “buy” rating and issued a $38.00 target price on shares of Cisco Systems in a research note on Thursday, August 17th. Drexel Hamilton reissued a “buy” rating and issued a $39.00 target price on shares of Cisco Systems in a research note on Tuesday, August 15th. Credit Suisse Group reissued a “buy” rating on shares of Cisco Systems in a research note on Thursday, August 10th. Deutsche Bank AG reissued a “buy” rating and issued a $40.00 target price on shares of Cisco Systems in a research note on Tuesday, August 8th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $36.00 target price on shares of Cisco Systems in a research note on Thursday, August 17th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-two have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $34.49.

Shares of Cisco Systems (CSCO) opened at $34.11 on Thursday. The company has a market capitalization of $168,558.66, a price-to-earnings ratio of 15.69, a PEG ratio of 2.98 and a beta of 1.15. Cisco Systems has a 52 week low of $29.12 and a 52 week high of $34.75. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.03 and a quick ratio of 2.98.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Tuesday, November 14th. The network equipment provider reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The company had revenue of $12.14 billion during the quarter, compared to analysts’ expectations of $12.11 billion. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the firm earned $0.61 EPS. sell-side analysts predict that Cisco Systems will post 2.18 earnings per share for the current fiscal year.

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In other Cisco Systems news, CAO Prat Bhatt sold 25,638 shares of Cisco Systems stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total value of $821,954.28. Following the sale, the chief accounting officer now owns 119,996 shares of the company’s stock, valued at approximately $3,847,071.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mark D. Chandler sold 65,000 shares of Cisco Systems stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $32.43, for a total value of $2,107,950.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 485,138 shares of company stock worth $15,347,574. Corporate insiders own 0.05% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barnett & Company Inc. raised its stake in shares of Cisco Systems by 1,511.5% in the 2nd quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock valued at $101,000 after purchasing an additional 3,023 shares during the period. Tortoise Investment Management LLC raised its stake in shares of Cisco Systems by 36.1% in the 2nd quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock valued at $104,000 after purchasing an additional 878 shares during the period. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Cisco Systems in the 2nd quarter valued at about $104,000. Grove Bank & Trust raised its stake in shares of Cisco Systems by 141.3% in the 2nd quarter. Grove Bank & Trust now owns 3,620 shares of the network equipment provider’s stock valued at $113,000 after purchasing an additional 2,120 shares during the period. Finally, Manchester Capital Management LLC raised its stake in shares of Cisco Systems by 10.7% in the 2nd quarter. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider’s stock valued at $113,000 after purchasing an additional 350 shares during the period. 75.22% of the stock is currently 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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