Shares of Cisco Systems, Inc. (NASDAQ:CSCO) have been assigned a consensus recommendation of “Hold” from the twenty-seven brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and fourteen have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $54.00.

CSCO has been the topic of several research analyst reports. Piper Jaffray Companies lowered Cisco Systems from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $55.00 to $51.00 in a research note on Monday, November 11th. KeyCorp lowered their target price on Cisco Systems from $54.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th. Robert W. Baird reiterated a “buy” rating and set a $54.00 target price on shares of Cisco Systems in a research note on Monday, November 11th. Needham & Company LLC reiterated a “hold” rating on shares of Cisco Systems in a research note on Thursday, November 14th. Finally, UBS Group reiterated a “buy” rating and set a $54.00 target price (down previously from $58.00) on shares of Cisco Systems in a research note on Thursday, November 14th.

In related news, CFO Kelly A. Kramer sold 70,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $45.19, for a total transaction of $3,163,300.00. Following the sale, the chief financial officer now owns 352,587 shares of the company’s stock, valued at $15,933,406.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Charles Robbins sold 12,597 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $44.81, for a total value of $564,471.57. The disclosure for this sale can be found here. Insiders have sold 388,864 shares of company stock worth $17,474,321 in the last three months. 0.03% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the stock. Eagle Capital Management LLC raised its stake in shares of Cisco Systems by 1.2% during the 2nd quarter. Eagle Capital Management LLC now owns 53,827 shares of the network equipment provider’s stock worth $2,946,000 after purchasing an additional 612 shares in the last quarter. Smith Asset Management Group LP raised its stake in shares of Cisco Systems by 486,558.8% in the 2nd quarter. Smith Asset Management Group LP now owns 330,928 shares of the network equipment provider’s stock valued at $18,112,000 after acquiring an additional 330,860 shares in the last quarter. Arjuna Capital raised its stake in shares of Cisco Systems by 1.8% in the 2nd quarter. Arjuna Capital now owns 81,513 shares of the network equipment provider’s stock valued at $4,461,000 after acquiring an additional 1,435 shares in the last quarter. Keudell Morrison Wealth Management raised its stake in shares of Cisco Systems by 70.2% in the 2nd quarter. Keudell Morrison Wealth Management now owns 38,279 shares of the network equipment provider’s stock valued at $2,095,000 after acquiring an additional 15,784 shares in the last quarter. Finally, Everett Harris & Co. CA raised its stake in shares of Cisco Systems by 4.7% in the 2nd quarter. Everett Harris & Co. CA now owns 15,396 shares of the network equipment provider’s stock valued at $843,000 after acquiring an additional 688 shares in the last quarter. 72.55% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:CSCO traded down $0.03 on Friday, hitting $49.02. The company’s stock had a trading volume of 27,171,326 shares, compared to its average volume of 18,964,029. The company has a current ratio of 1.70, a quick ratio of 1.64 and a debt-to-equity ratio of 0.42. The stock has a fifty day moving average of $46.60 and a two-hundred day moving average of $49.08. The firm has a market capitalization of $202.74 billion, a P/E ratio of 17.20, a price-to-earnings-growth ratio of 2.78 and a beta of 1.23. Cisco Systems has a one year low of $43.40 and a one year high of $58.26.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.03. The firm had revenue of $13.16 billion for the quarter, compared to analyst estimates of $13.09 billion. Cisco Systems had a return on equity of 35.01% and a net margin of 21.15%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 earnings per share. As a group, sell-side analysts anticipate that Cisco Systems will post 2.94 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Thursday, January 2nd. Cisco Systems’s dividend payout ratio is currently 49.12%.

Cisco Systems Company Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

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