Cisco Systems, Inc. (NASDAQ:CSCO)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $42.05 and last traded at $42.08, with a volume of 11953677 shares changing hands. The stock had previously closed at $41.66.

CSCO has been the subject of several analyst reports. Vetr cut shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $34.13 target price for the company. in a research note on Monday, September 25th. Oppenheimer reissued a “buy” rating and issued a $36.00 target price on shares of Cisco Systems in a research note on Monday, September 25th. ValuEngine raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. BMO Capital Markets reissued a “hold” rating and issued a $32.00 target price on shares of Cisco Systems in a research note on Thursday, September 28th. Finally, Jefferies Group reissued a “buy” rating and issued a $37.00 target price on shares of Cisco Systems in a research note on Friday, October 6th. Thirteen investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $38.80.

The stock has a market cap of $207,930.00, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 3.73 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.87 and a quick ratio of 2.81.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The business had revenue of $12.14 billion for the quarter, compared to analysts’ expectations of $12.11 billion. During the same period in the prior year, the business posted $0.61 earnings per share. The firm’s revenue was down 1.7% on a year-over-year basis. analysts expect that Cisco Systems, Inc. will post 2.21 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Friday, January 5th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Thursday, January 4th. Cisco Systems’s payout ratio is presently 60.10%.

In related news, CAO Prat Bhatt sold 2,606 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total value of $95,092.94. Following the sale, the chief accounting officer now directly owns 89,184 shares in the company, valued at $3,254,324.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John T. Chambers sold 250,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $36.50, for a total value of $9,125,000.00. Following the completion of the sale, the insider now owns 712,736 shares in the company, valued at $26,014,864. The disclosure for this sale can be found here. Insiders sold 348,643 shares of company stock worth $12,892,271 over the last quarter. 0.05% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of CSCO. Ameriprise Financial Inc. lifted its stake in Cisco Systems by 23.6% in the third quarter. Ameriprise Financial Inc. now owns 62,709,508 shares of the network equipment provider’s stock valued at $2,109,614,000 after buying an additional 11,972,070 shares during the period. Stifel Financial Corp raised its position in shares of Cisco Systems by 6,109.5% during the third quarter. Stifel Financial Corp now owns 8,147,775 shares of the network equipment provider’s stock worth $273,977,000 after purchasing an additional 8,016,561 shares during the period. Vanguard Group Inc. raised its position in shares of Cisco Systems by 2.2% during the second quarter. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider’s stock worth $11,021,378,000 after purchasing an additional 7,411,891 shares during the period. American Century Companies Inc. raised its position in shares of Cisco Systems by 54.2% during the second quarter. American Century Companies Inc. now owns 14,362,422 shares of the network equipment provider’s stock worth $449,544,000 after purchasing an additional 5,049,326 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of Cisco Systems by 51.1% during the second quarter. Janus Henderson Group PLC now owns 13,528,059 shares of the network equipment provider’s stock worth $423,475,000 after purchasing an additional 4,577,831 shares during the period. 75.59% of the stock is currently owned by hedge funds and other institutional investors.

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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).

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