Cisco Systems, Inc. (NASDAQ:CSCO)‘s stock had its “hold” rating reiterated by research analysts at Wunderlich in a report released on Friday. They currently have a $30.00 price objective on the network equipment provider’s stock. Wunderlich’s price objective would suggest a potential downside of 3.88% from the company’s current price.

Several other equities analysts also recently commented on the stock. Pacific Crest reaffirmed an “overweight” rating and set a $33.00 price objective (down from $34.00) on shares of Cisco Systems in a research note on Friday. Deutsche Bank AG reaffirmed a “buy” rating and set a $40.00 price objective (down from $42.00) on shares of Cisco Systems in a research note on Friday. Instinet reaffirmed a “neutral” rating and set a $29.00 price objective (down from $30.00) on shares of Cisco Systems in a research note on Friday. Citigroup Inc reaffirmed a “buy” rating and set a $36.00 price objective (down from $37.00) on shares of Cisco Systems in a research note on Friday. Finally, Vetr raised shares of Cisco Systems from a “buy” rating to a “strong-buy” rating and set a $36.05 price objective for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $35.09.

Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

Cisco Systems (NASDAQ:CSCO) opened at 31.21 on Friday. The company’s 50-day moving average price is $33.35 and its 200 day moving average price is $32.03. The company has a market capitalization of $156.21 billion, a price-to-earnings ratio of 15.84 and a beta of 1.36. Cisco Systems has a 12 month low of $27.13 and a 12 month high of $34.60.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, May 17th. The network equipment provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. The firm had revenue of $11.94 billion during the quarter, compared to the consensus estimate of $11.90 billion. Cisco Systems had a net margin of 21.73% and a return on equity of 17.50%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 earnings per share. Analysts forecast that Cisco Systems will post $2.38 EPS for the current fiscal year.

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In other Cisco Systems news, SVP Prat Bhatt sold 15,672 shares of the stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $34.27, for a total value of $537,079.44. Following the transaction, the senior vice president now directly owns 77,174 shares in the company, valued at $2,644,752.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven M. West purchased 3,027 shares of the firm’s stock in a transaction on Wednesday, February 22nd. The stock was acquired at an average price of $33.92 per share, for a total transaction of $102,675.84. Following the completion of the transaction, the director now directly owns 3,700 shares of the company’s stock, valued at approximately $125,504. The disclosure for this purchase can be found here. Insiders sold 371,807 shares of company stock worth $12,668,893 over the last quarter. Insiders own 0.11% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Cisco Systems by 3.3% in the first quarter. Vanguard Group Inc. now owns 344,708,803 shares of the network equipment provider’s stock valued at $11,651,157,000 after buying an additional 10,974,259 shares during the last quarter. BlackRock Inc. increased its position in Cisco Systems by 2,421.0% in the first quarter. BlackRock Inc. now owns 339,316,584 shares of the network equipment provider’s stock valued at $11,468,902,000 after buying an additional 325,856,721 shares during the last quarter. State Street Corp increased its position in Cisco Systems by 2.8% in the fourth quarter. State Street Corp now owns 218,577,771 shares of the network equipment provider’s stock valued at $6,605,412,000 after buying an additional 5,886,055 shares during the last quarter. Bank of New York Mellon Corp increased its position in Cisco Systems by 9.2% in the third quarter. Bank of New York Mellon Corp now owns 123,367,471 shares of the network equipment provider’s stock valued at $3,913,216,000 after buying an additional 10,435,264 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Cisco Systems by 9.8% in the first quarter. Wellington Management Group LLP now owns 111,529,451 shares of the network equipment provider’s stock valued at $3,769,695,000 after buying an additional 9,958,755 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

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).

12 Month Chart for NASDAQ:CSCO

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