Several other analysts also recently weighed in on the company. Stifel Nicolaus set a $34.00 target price on Cisco Systems and gave the company a hold rating in a research note on Tuesday, August 15th. JMP Securities restated a market perform rating on shares of Cisco Systems in a research note on Friday, August 18th. Deutsche Bank AG restated a buy rating and set a $40.00 target price on shares of Cisco Systems in a research note on Tuesday, August 8th. BidaskClub upgraded Cisco Systems from a sell rating to a hold rating in a research note on Wednesday, August 16th. Finally, Vetr downgraded Cisco Systems from a buy rating to a hold rating and set a $33.18 target price for the company. in a research note on Wednesday, August 16th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $36.73.
Shares of Cisco Systems (NASDAQ:CSCO) opened at $36.50 on Friday. Cisco Systems has a twelve month low of $29.12 and a twelve month high of $36.67. The stock has a market capitalization of $180,540.00, a price-to-earnings ratio of 16.54, a P/E/G ratio of 3.17 and a beta of 1.15. 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 quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $12.14 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same period in the prior year, the firm earned $0.61 EPS. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. equities analysts anticipate that Cisco Systems will post 2.16 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Thursday, October 5th were given a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, October 4th. This represents a $1.16 annualized dividend and a yield of 3.18%. Cisco Systems’s dividend payout ratio (DPR) is 60.10%.
In related news, SVP Mark D. Chandler sold 65,000 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $32.43, for a total value of $2,107,950.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John T. Chambers sold 250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $31.14, for a total transaction of $7,785,000.00. Following the completion of the transaction, the insider now directly owns 729,305 shares of the company’s stock, valued at approximately $22,710,557.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 485,138 shares of company stock worth $15,347,574. 0.05% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Barnett & Company Inc. boosted its stake in 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 worth $101,000 after purchasing an additional 3,023 shares during the period. Tortoise Investment Management LLC boosted its stake in 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 worth $104,000 after purchasing an additional 878 shares during the period. Mountain Capital Investment Advisors Inc acquired a new position in Cisco Systems in the 2nd quarter worth approximately $104,000. Grove Bank & Trust boosted its stake in Cisco Systems by 141.3% in the 2nd quarter. Grove Bank & Trust now owns 3,620 shares of the network equipment provider’s stock worth $113,000 after purchasing an additional 2,120 shares during the period. Finally, Manchester Capital Management LLC boosted its stake in 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 worth $113,000 after purchasing an additional 350 shares during the period. 75.14% of the stock is owned by hedge funds and other institutional investors.
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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