Cisco Systems (NASDAQ:CSCO) had its price target boosted by investment analysts at Instinet from $39.53 to $46.00 in a research report issued on Monday. The brokerage currently has a “buy” rating on the network equipment provider’s stock. Instinet’s price target suggests a potential upside of 11.57% from the company’s previous close.

CSCO has been the subject of several other reports. Barclays raised their price objective on shares of Cisco Systems from $37.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, January 17th. Jefferies Group raised their price objective on shares of Cisco Systems to $40.00 and gave the stock a “buy” rating in a report on Thursday, November 16th. Deutsche Bank reissued a “buy” rating and set a $45.00 price objective (up from $40.00) on shares of Cisco Systems in a report on Thursday, November 16th. Bank of America raised their price objective on shares of Cisco Systems from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, November 16th. Finally, Nomura raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Monday. Eleven investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $40.38.

Shares of Cisco Systems (NASDAQ:CSCO) opened at $41.23 on Monday. The firm has a market cap of $203,830.00, a price-to-earnings ratio of 21.36, a P/E/G ratio of 3.55 and a beta of 1.23. Cisco Systems has a fifty-two week low of $30.36 and a fifty-two week high of $42.98. The company has a current ratio of 2.87, a quick ratio of 2.81 and a debt-to-equity ratio of 0.39.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. The business had revenue of $12.14 billion during the quarter, compared to analyst estimates of $12.11 billion. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The business’s revenue was down 1.7% on a year-over-year basis. During the same period last year, the business earned $0.61 EPS. equities analysts anticipate that Cisco Systems will post 2.23 earnings per share for the current year.

In other news, SVP Rebecca Jacoby sold 75,021 shares of Cisco Systems stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $38.42, for a total value of $2,882,306.82. Following the completion of the transaction, the senior vice president now directly owns 257,476 shares of the company’s stock, valued at approximately $9,892,227.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John T. Chambers sold 250,000 shares of Cisco Systems stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $36.50, for a total transaction of $9,125,000.00. Following the completion of the transaction, the insider now directly owns 712,736 shares of the company’s stock, valued at $26,014,864. The disclosure for this sale can be found here. Insiders sold a total of 348,643 shares of company stock valued at $12,892,271 over the last ninety days. Company insiders own 0.05% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its position in shares of Cisco Systems by 12.8% during the 4th quarter. Bank of New York Mellon Corp now owns 122,958,272 shares of the network equipment provider’s stock worth $4,709,302,000 after buying an additional 13,927,416 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Cisco Systems by 23.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 62,709,508 shares of the network equipment provider’s stock worth $2,109,614,000 after buying an additional 11,972,070 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its position in shares of Cisco Systems by 91.0% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 19,498,882 shares of the network equipment provider’s stock worth $746,806,000 after buying an additional 9,292,187 shares in the last quarter. Stifel Financial Corp raised its position in shares of Cisco Systems by 6,109.5% during the 3rd quarter. Stifel Financial Corp now owns 8,147,775 shares of the network equipment provider’s stock worth $273,977,000 after buying an additional 8,016,561 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Cisco Systems by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider’s stock worth $11,021,378,000 after buying an additional 7,411,891 shares in the last quarter. Hedge funds and other institutional investors own 75.42% of the company’s stock.

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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).

Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

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