Shares of Cisco Systems, Inc. (NASDAQ:CSCO) rose 0.4% during mid-day trading on Friday after Argus raised their price target on the stock from $41.00 to $44.00. Argus currently has a buy rating on the stock. Cisco Systems traded as high as $36.67 and last traded at $36.03. Approximately 15,715,565 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 20,176,957 shares. The stock had previously closed at $35.88.

Other analysts also recently issued research reports about the company. Vetr downgraded Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 target price on the stock. in a research report on Wednesday, August 30th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Cisco Systems in a research report on Thursday, August 31st. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $36.00 target price on shares of Cisco Systems in a research report on Friday, October 20th. Robert W. Baird reaffirmed a “buy” rating and issued a $38.00 target price on shares of Cisco Systems in a research report on Monday, September 11th. Finally, ValuEngine raised Cisco Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $36.67.

In related news, SVP Mark D. Chandler sold 65,000 shares of the company’s stock in a transaction dated 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 SEC, which is available at this link. Also, insider John T. Chambers sold 250,000 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 729,305 shares in the company, valued at approximately $22,710,557.70. The disclosure for this sale can be found here. Insiders sold a total of 485,138 shares of company stock worth $15,347,574 in the last 90 days. 0.05% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Cisco Systems by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider’s stock valued at $11,021,378,000 after buying an additional 7,411,891 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Cisco Systems by 23.6% in the 3rd 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 last quarter. Dimensional Fund Advisors LP increased its stake in Cisco Systems by 6.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 48,741,535 shares of the network equipment provider’s stock valued at $1,639,089,000 after buying an additional 2,987,682 shares during the last quarter. Nordea Investment Management AB increased its stake in Cisco Systems by 8.3% in the 3rd quarter. Nordea Investment Management AB now owns 34,013,570 shares of the network equipment provider’s stock valued at $1,143,876,000 after buying an additional 2,617,310 shares during the last quarter. Finally, Boston Partners increased its stake in Cisco Systems by 304.2% in the 1st quarter. Boston Partners now owns 30,563,666 shares of the network equipment provider’s stock valued at $1,033,052,000 after buying an additional 23,002,159 shares during the last quarter. Hedge funds and other institutional investors own 75.22% of the company’s stock.

The company has a current ratio of 3.03, a quick ratio of 2.98 and a debt-to-equity ratio of 0.39. The firm has a market cap of $178,360.00, a P/E ratio of 15.72, a P/E/G ratio of 2.98 and a beta of 1.15.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Cisco Systems had a net margin of 20.26% and a return on equity of 16.67%. The company had revenue of $12.14 billion during the quarter, compared to analyst estimates of $12.11 billion. During the same quarter last year, the business posted $0.61 EPS. Cisco Systems’s quarterly revenue was down 1.7% compared to the same quarter last year. equities research analysts predict that Cisco Systems, Inc. will post 2.18 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Thursday, October 5th were paid a dividend of $0.29 per share. The ex-dividend date was Wednesday, October 4th. This represents a $1.16 annualized dividend and a dividend yield of 3.22%. Cisco Systems’s payout ratio is currently 60.10%.

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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).

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