Cisco Systems (NASDAQ:CSCO) Shares Up 0.9%

Cisco Systems, Inc. (NASDAQ:CSCOGet Free Report)’s stock price was up 0.9% during mid-day trading on Tuesday . The company traded as high as $47.78 and last traded at $47.72. Approximately 2,766,506 shares were traded during trading, a decline of 86% from the average daily volume of 19,680,010 shares. The stock had previously closed at $47.28.

Analyst Ratings Changes

Several equities analysts have weighed in on CSCO shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Cisco Systems in a report on Monday, June 10th. Oppenheimer increased their price objective on shares of Cisco Systems from $54.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday, May 16th. Citigroup initiated coverage on shares of Cisco Systems in a research report on Friday, April 12th. They issued a “neutral” rating and a $52.00 target price for the company. Wells Fargo & Company increased their price target on shares of Cisco Systems from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 16th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Cisco Systems in a research report on Monday, April 22nd. They set a “neutral” rating and a $53.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $56.47.

Get Our Latest Research Report on Cisco Systems

Cisco Systems Price Performance

The stock has a market capitalization of $191.21 billion, a price-to-earnings ratio of 16.07, a P/E/G ratio of 2.74 and a beta of 0.86. The company has a fifty day simple moving average of $47.12 and a 200 day simple moving average of $48.84. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 0.89.

Cisco Systems (NASDAQ:CSCOGet Free Report) last announced its earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.70 by $0.18. The firm had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $12.53 billion. Cisco Systems had a return on equity of 30.82% and a net margin of 21.88%. The business’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 EPS. Equities research analysts forecast that Cisco Systems, Inc. will post 3.14 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Friday, July 5th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Friday, July 5th. Cisco Systems’s payout ratio is presently 53.87%.

Insiders Place Their Bets

In other news, EVP Deborah L. Stahlkopf sold 2,619 shares of Cisco Systems stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $45.34, for a total value of $118,745.46. Following the completion of the transaction, the executive vice president now directly owns 176,384 shares of the company’s stock, valued at approximately $7,997,250.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Deborah L. Stahlkopf sold 2,619 shares of Cisco Systems stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $45.34, for a total value of $118,745.46. Following the completion of the transaction, the executive vice president now directly owns 176,384 shares of the company’s stock, valued at approximately $7,997,250.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Maria Victoria Wong sold 762 shares of Cisco Systems stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $45.42, for a total value of $34,610.04. Following the completion of the transaction, the senior vice president now directly owns 51,788 shares of the company’s stock, valued at $2,352,210.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,106 shares of company stock valued at $1,908,923. 0.02% of the stock is currently owned by company insiders.

Institutional Trading of Cisco Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lazari Capital Management Inc. bought a new stake in Cisco Systems in the 1st quarter valued at about $204,000. Cape Investment Advisory Inc. increased its position in Cisco Systems by 67.1% in the 1st quarter. Cape Investment Advisory Inc. now owns 3,188 shares of the network equipment provider’s stock valued at $159,000 after buying an additional 1,280 shares in the last quarter. SRN Advisors LLC increased its position in Cisco Systems by 28.0% in the 1st quarter. SRN Advisors LLC now owns 48,140 shares of the network equipment provider’s stock valued at $2,403,000 after buying an additional 10,527 shares in the last quarter. Keynote Financial Services LLC bought a new stake in Cisco Systems during the 1st quarter worth approximately $557,000. Finally, Clear Rock Advisors LLC increased its holdings in Cisco Systems by 1.6% during the 1st quarter. Clear Rock Advisors LLC now owns 46,594 shares of the network equipment provider’s stock worth $2,326,000 after purchasing an additional 750 shares in the last quarter. 73.33% of the stock is owned by institutional investors.

About Cisco Systems

(Get Free Report)

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.

Further Reading

Receive News & Ratings for Cisco Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems and related companies with MarketBeat.com's FREE daily email newsletter.