Cisco Systems, Inc. (NASDAQ:CSCO) has been assigned a consensus rating of “Buy” from the thirty-six ratings firms that are presently covering the company, Marketbeat reports. Twelve equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $35.40.

Several research analysts have weighed in on the stock. Robert W. Baird reaffirmed a “buy” rating on shares of Cisco Systems in a research note on Thursday, May 18th. Drexel Hamilton reaffirmed a “buy” rating and set a $40.00 target price on shares of Cisco Systems in a research note on Tuesday, May 23rd. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $36.00 target price on shares of Cisco Systems in a research note on Monday, June 26th. Jefferies Group LLC reaffirmed a “buy” rating and set a $37.00 target price on shares of Cisco Systems in a research note on Wednesday, April 26th. Finally, BidaskClub raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th.

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Cisco Systems (NASDAQ:CSCO) traded up 0.06% during trading on Monday, hitting $31.86. 15,297,164 shares of the company were exchanged. The company has a market capitalization of $159.30 billion, a price-to-earnings ratio of 16.17 and a beta of 1.24. The stock’s 50-day moving average is $31.56 and its 200-day moving average is $32.39. Cisco Systems has a 12 month low of $29.12 and a 12 month high of $34.60.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, May 17th. The network equipment provider reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.02. Cisco Systems had a net margin of 20.61% and a return on equity of 17.31%. The firm had revenue of $11.94 billion during the quarter, compared to analysts’ expectations of $11.90 billion. During the same period last year, the business earned $0.57 earnings per share. Cisco Systems’s revenue was down .5% compared to the same quarter last year. Equities research analysts anticipate that Cisco Systems will post $2.38 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 26th. Investors of record on Friday, July 7th will be given a $0.29 dividend. The ex-dividend date is Wednesday, July 5th. This represents a $1.16 dividend on an annualized basis and a yield of 3.64%. Cisco Systems’s dividend payout ratio (DPR) is 58.29%.

In related news, SVP Karen Walker sold 7,802 shares of Cisco Systems stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $31.29, for a total value of $244,124.58. Following the transaction, the senior vice president now directly owns 178,577 shares in the company, valued at approximately $5,587,674.33. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Rebecca Jacoby sold 92,840 shares of Cisco Systems stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $31.71, for a total transaction of $2,943,956.40. Following the completion of the transaction, the senior vice president now owns 271,725 shares in the company, valued at $8,616,399.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 396,179 shares of company stock worth $12,503,407. 0.11% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. OLD Second National Bank of Aurora raised its stake in shares of Cisco Systems by 0.4% in the second quarter. OLD Second National Bank of Aurora now owns 88,676 shares of the network equipment provider’s stock valued at $2,775,000 after buying an additional 318 shares during the last quarter. Argus Investors Counsel Inc. raised its stake in shares of Cisco Systems by 8.1% in the second quarter. Argus Investors Counsel Inc. now owns 137,788 shares of the network equipment provider’s stock valued at $4,313,000 after buying an additional 10,343 shares during the last quarter. Berkshire Asset Management LLC PA raised its stake in shares of Cisco Systems by 2.2% in the second quarter. Berkshire Asset Management LLC PA now owns 772,513 shares of the network equipment provider’s stock valued at $24,180,000 after buying an additional 16,739 shares during the last quarter. Breton Hill Capital Ltd. raised its stake in shares of Cisco Systems by 0.7% in the second quarter. Breton Hill Capital Ltd. now owns 109,054 shares of the network equipment provider’s stock valued at $3,413,000 after buying an additional 764 shares during the last quarter. Finally, Greenleaf Trust raised its stake in shares of Cisco Systems by 2.5% in the second quarter. Greenleaf Trust now owns 36,143 shares of the network equipment provider’s stock valued at $1,131,000 after buying an additional 896 shares during the last quarter. Institutional investors own 75.39% of the company’s stock.

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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