Cisco Systems, Inc. (NASDAQ:CSCO) had its price objective lifted by BMO Capital Markets from $32.00 to $36.00 in a research report sent to investors on Thursday morning. BMO Capital Markets currently has a market perform rating on the network equipment provider’s stock.

A number of other equities analysts have also weighed in on CSCO. Nomura boosted their price target on shares of Cisco Systems from $29.00 to $33.00 and gave the stock a neutral rating in a research report on Thursday. Jefferies Group LLC boosted their price target on shares of Cisco Systems to $40.00 and gave the stock a buy rating in a research report on Thursday. Royal Bank Of Canada boosted their price target on shares of Cisco Systems to $40.00 and gave the stock an outperform rating in a research report on Thursday. Credit Suisse Group restated a buy rating on shares of Cisco Systems in a research report on Thursday, August 10th. Finally, Sanford C. Bernstein restated an outperform rating and set a $38.00 price target on shares of Cisco Systems in a research report on Sunday, August 20th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and twenty-one have issued a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $36.73.

Shares of Cisco Systems (NASDAQ:CSCO) opened at $36.32 on Thursday. Cisco Systems has a 52-week low of $29.12 and a 52-week high of $36.67. The stock has a market cap of $179,720.00, a PE ratio of 16.54, a PEG 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 earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, beating 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 16.64%. The business had revenue of $12.14 billion for the quarter, compared to analyst estimates of $12.11 billion. During the same quarter last year, the business earned $0.61 earnings per share. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. sell-side analysts forecast that Cisco Systems will post 2.16 EPS for the current year.

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The business also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Thursday, October 5th were issued a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, October 4th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.19%. Cisco Systems’s dividend payout ratio is presently 60.10%.

In other news, CAO Prat Bhatt sold 25,638 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total value of $821,954.28. Following the completion of the transaction, the chief accounting officer now owns 119,996 shares in the company, valued at approximately $3,847,071.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John T. Chambers sold 250,000 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were 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 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. Insiders sold a total of 485,138 shares of company stock valued at $15,347,574 in the last quarter. Insiders own 0.05% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Coastline Trust Co grew its stake in Cisco Systems by 10.2% in the 3rd quarter. Coastline Trust Co now owns 116,532 shares of the network equipment provider’s stock valued at $3,919,000 after acquiring an additional 10,809 shares during the last quarter. Atlantic Trust LLC grew its stake in Cisco Systems by 2.0% in the 3rd quarter. Atlantic Trust LLC now owns 109,571 shares of the network equipment provider’s stock valued at $3,685,000 after acquiring an additional 2,130 shares during the last quarter. Gofen & Glossberg LLC IL grew its stake in Cisco Systems by 1.7% in the 3rd quarter. Gofen & Glossberg LLC IL now owns 245,595 shares of the network equipment provider’s stock valued at $8,259,000 after acquiring an additional 4,075 shares during the last quarter. Gyroscope Capital Management Group LLC grew its stake in Cisco Systems by 4.1% in the 3rd quarter. Gyroscope Capital Management Group LLC now owns 178,361 shares of the network equipment provider’s stock valued at $5,998,000 after acquiring an additional 6,970 shares during the last quarter. Finally, Moors & Cabot Inc. grew its stake in Cisco Systems by 15.7% in the 3rd quarter. Moors & Cabot Inc. now owns 73,872 shares of the network equipment provider’s stock valued at $2,488,000 after acquiring an additional 10,007 shares during the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Cisco Systems Company Profile

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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