Cisco Systems, Inc. (NASDAQ:CSCO) was upgraded by equities research analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued on Monday. The firm presently has a $33.39 target price on the network equipment provider’s stock. Vetr‘s target price would indicate a potential upside of 6.00% from the stock’s current price.

CSCO has been the topic of a number of other research reports. Jefferies Group LLC restated a “buy” rating and set a $37.00 price objective on shares of Cisco Systems in a research note on Friday, May 26th. William Blair restated an “outperform” rating on shares of Cisco Systems in a research note on Monday, July 3rd. Robert W. Baird restated a “buy” rating on shares of Cisco Systems in a research note on Monday, May 1st. Royal Bank Of Canada restated an “outperform” rating and set a $36.00 price objective (down previously from $37.00) on shares of Cisco Systems in a research note on Friday, May 12th. Finally, Zacks Investment Research cut Cisco Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $35.32.

Shares of Cisco Systems (NASDAQ:CSCO) traded up 0.25% on Monday, hitting $31.50. The stock had a trading volume of 16,427,499 shares. Cisco Systems has a one year low of $29.12 and a one year high of $34.60. The firm’s 50-day moving average is $31.99 and its 200-day moving average is $32.31. The company has a market cap of $157.50 billion, a price-to-earnings ratio of 15.99 and a beta of 1.24.

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, topping the Zacks’ consensus estimate of $0.58 by $0.02. The company had revenue of $11.94 billion for the quarter, compared to analysts’ expectations of $11.90 billion. Cisco Systems had a return on equity of 17.31% and a net margin of 20.61%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 earnings per share. On average, analysts expect that Cisco Systems will post $2.38 EPS for the current fiscal year.

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In other Cisco Systems news, insider John T. Chambers sold 295,537 shares of the stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $31.52, for a total transaction of $9,315,326.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Rebecca Jacoby sold 92,840 shares of the stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $31.71, for a total transaction of $2,943,956.40. Following the transaction, the senior vice president now directly owns 271,725 shares in the company, valued at $8,616,399.75. The disclosure for this sale can be found here. Insiders sold 396,179 shares of company stock worth $12,503,407 over the last ninety days. 0.11% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of CSCO. Southeast Asset Advisors Inc. increased its stake in shares of Cisco Systems by 0.5% in the first quarter. Southeast Asset Advisors Inc. now owns 9,233 shares of the network equipment provider’s stock valued at $312,000 after buying an additional 44 shares in the last quarter. Banced Corp increased its stake in shares of Cisco Systems by 0.4% in the second quarter. Banced Corp now owns 14,143 shares of the network equipment provider’s stock valued at $442,000 after buying an additional 59 shares in the last quarter. Farmers National Bank increased its stake in shares of Cisco Systems by 1.3% in the first quarter. Farmers National Bank now owns 6,344 shares of the network equipment provider’s stock valued at $201,000 after buying an additional 83 shares in the last quarter. Asset Dedication LLC increased its stake in shares of Cisco Systems by 0.3% in the second quarter. Asset Dedication LLC now owns 29,991 shares of the network equipment provider’s stock valued at $924,000 after buying an additional 91 shares in the last quarter. Finally, Grubman Wealth Management increased its stake in shares of Cisco Systems by 1.4% in the second quarter. Grubman Wealth Management now owns 7,100 shares of the network equipment provider’s stock valued at $222,000 after buying an additional 100 shares in the last quarter. 75.30% of the stock is currently owned by hedge funds and other institutional investors.

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).

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

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