Cisco Systems (NASDAQ:CSCO) has been given a $46.00 target price by Credit Suisse Group in a research note issued on Thursday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the network equipment provider’s stock. Credit Suisse Group’s price target points to a potential upside of 1.88% from the company’s previous close.

Several other brokerages have also recently commented on CSCO. Needham & Company LLC reiterated a “hold” rating on shares of Cisco Systems in a report on Thursday. UBS Group reiterated a “buy” rating and issued a $54.00 target price (down from $58.00) on shares of Cisco Systems in a report on Thursday. MKM Partners reduced their target price on Cisco Systems from $56.00 to $51.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Bank of America reduced their target price on Cisco Systems from $62.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Morgan Stanley reduced their target price on Cisco Systems from $51.00 to $49.00 and set an “equal weight” rating on the stock in a report on Thursday, August 15th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $53.79.

Shares of Cisco Systems stock traded up $0.06 on Thursday, hitting $45.15. The stock had a trading volume of 22,741,900 shares, compared to its average volume of 20,693,711. The stock has a 50 day moving average of $47.08 and a 200 day moving average of $51.64. Cisco Systems has a twelve month low of $40.25 and a twelve month high of $58.26. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.46 and a current ratio of 1.70. The firm has a market capitalization of $190.59 billion, a P/E ratio of 15.84, a PEG ratio of 2.18 and a beta of 1.28.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.03. Cisco Systems had a return on equity of 35.01% and a net margin of 21.15%. The company had revenue of $13.16 billion during the quarter, compared to the consensus estimate of $13.09 billion. During the same quarter in the prior year, the firm posted $0.75 earnings per share. The firm’s revenue was up .7% compared to the same quarter last year. Equities analysts expect that Cisco Systems will post 3 earnings per share for the current year.

In other Cisco Systems news, EVP David Goeckeler sold 70,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $49.22, for a total transaction of $3,445,400.00. Following the transaction, the executive vice president now directly owns 429,398 shares in the company, valued at approximately $21,134,969.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark D. Chandler sold 10,733 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $50.05, for a total value of $537,186.65. The disclosure for this sale can be found here. Insiders have sold a total of 192,584 shares of company stock worth $9,333,015 over the last 90 days. Company insiders own 0.03% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Evolution Wealth Advisors LLC bought a new position in shares of Cisco Systems in the 2nd quarter worth $33,000. Lowe Wealth Advisors LLC bought a new position in shares of Cisco Systems in the 2nd quarter worth $38,000. Personal Wealth Partners bought a new position in shares of Cisco Systems in the 2nd quarter worth $44,000. Ashburton Jersey Ltd bought a new position in shares of Cisco Systems in the 2nd quarter worth $49,000. Finally, Cordasco Financial Network lifted its holdings in shares of Cisco Systems by 78.4% in the 3rd quarter. Cordasco Financial Network now owns 1,142 shares of the network equipment provider’s stock worth $56,000 after purchasing an additional 502 shares in the last quarter. Hedge funds and other institutional investors own 73.83% of the company’s stock.

Cisco Systems Company Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

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