Cisco Systems (NASDAQ:CSCO) had its target price raised by BMO Capital Markets to $43.00 in a report released on Thursday, The Fly reports. The brokerage presently has a “market perform” rating on the network equipment provider’s stock. BMO Capital Markets’ price target would indicate a potential upside of 2.16% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Barclays upped their price target on shares of Cisco Systems from $37.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 17th. Oppenheimer reaffirmed a “buy” rating and set a $36.00 price target on shares of Cisco Systems in a research report on Tuesday, October 31st. Vetr lowered shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $35.78 price target for the company. in a research report on Friday, November 17th. Cowen reaffirmed a “buy” rating on shares of Cisco Systems in a research report on Friday, November 17th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $45.00 price target (up previously from $40.00) on shares of Cisco Systems in a research report on Thursday, November 16th. Eleven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $41.38.

Cisco Systems (NASDAQ CSCO) opened at $42.09 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87. The stock has a market cap of $203,825.53, a P/E ratio of 21.81, a P/E/G ratio of 3.71 and a beta of 1.23. Cisco Systems has a one year low of $30.36 and a one year high of $42.98.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. During the same quarter in the prior year, the business earned $0.57 EPS. research analysts forecast that Cisco Systems will post 2.23 EPS for the current fiscal year.

In related news, Director Roderick C. Mcgeary sold 15,230 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.00, for a total transaction of $578,740.00. Following the completion of the sale, the director now directly owns 113,154 shares of the company’s stock, valued at approximately $4,299,852. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Karen Walker sold 5,786 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total transaction of $211,131.14. Following the sale, the senior vice president now directly owns 176,418 shares of the company’s stock, valued at $6,437,492.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 348,643 shares of company stock valued at $12,892,271. Company insiders own 0.05% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA boosted its stake in Cisco Systems by 1.2% during the 4th quarter. Glenmede Trust Co. NA now owns 4,903,286 shares of the network equipment provider’s stock valued at $187,794,000 after acquiring an additional 56,892 shares during the last quarter. EP Wealth Advisors LLC boosted its stake in Cisco Systems by 15.1% during the 4th quarter. EP Wealth Advisors LLC now owns 13,323 shares of the network equipment provider’s stock valued at $510,000 after acquiring an additional 1,748 shares during the last quarter. Lido Advisors LLC boosted its stake in Cisco Systems by 6.2% during the 4th quarter. Lido Advisors LLC now owns 33,860 shares of the network equipment provider’s stock valued at $1,296,000 after acquiring an additional 1,976 shares during the last quarter. Financial Advocates Investment Management bought a new position in Cisco Systems during the 4th quarter valued at $1,151,000. Finally, Laurel Wealth Advisors Inc. boosted its stake in Cisco Systems by 9.4% during the 4th quarter. Laurel Wealth Advisors Inc. now owns 102,269 shares of the network equipment provider’s stock valued at $3,916,000 after acquiring an additional 8,749 shares during the last quarter. 75.42% of the stock is owned by institutional investors and hedge funds.

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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).

The Fly

Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

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