Cisco Systems, Inc. (NASDAQ:CSCO)‘s stock had its “buy” rating restated by equities researchers at Deutsche Bank AG in a report released on Tuesday. They currently have a $40.00 price objective on the network equipment provider’s stock. Deutsche Bank AG’s price target indicates a potential upside of 26.30% from the company’s current price.

Other analysts have also issued research reports about the company. Drexel Hamilton reiterated a “buy” rating and issued a $40.00 price target on shares of Cisco Systems in a report on Tuesday, May 16th. Vetr lowered Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $37.03 price target for the company. in a report on Wednesday, April 26th. Jefferies Group LLC reissued a “buy” rating and issued a $37.00 price objective on shares of Cisco Systems in a research note on Wednesday, April 26th. Robert W. Baird reissued a “buy” rating on shares of Cisco Systems in a research note on Monday, May 1st. Finally, Citigroup Inc. set a $36.00 price objective on shares of Cisco Systems and gave the stock a “buy” rating in a research note on Friday, May 19th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-two have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $35.31.

Shares of Cisco Systems (NASDAQ CSCO) traded down 0.53% on Tuesday, hitting $31.67. The stock had a trading volume of 15,375,678 shares. The company has a market cap of $158.35 billion, a P/E ratio of 16.08 and a beta of 1.24. Cisco Systems has a 52-week low of $29.12 and a 52-week high of $34.60. The company has a 50-day moving average of $31.58 and a 200-day moving average of $32.47.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, May 17th. The network equipment provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The firm had revenue of $11.94 billion during the quarter, compared to analyst estimates of $11.90 billion. Cisco Systems had a return on equity of 17.31% and a net margin of 20.61%. Cisco Systems’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 earnings per share. On average, equities analysts anticipate that Cisco Systems will post $2.38 EPS for the current fiscal year.

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In related news, SVP Rebecca Jacoby sold 92,840 shares of the company’s stock in a transaction dated 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 approximately $8,616,399.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Karen Walker sold 7,802 shares of the company’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $31.29, for a total transaction of $244,124.58. Following the transaction, the senior vice president now owns 178,577 shares of the company’s stock, valued at approximately $5,587,674.33. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 396,179 shares of company stock valued at $12,503,407. Insiders own 0.11% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CSCO. Barnett & Company Inc. increased its position in Cisco Systems by 1,511.5% in the second quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock valued at $101,000 after buying an additional 3,023 shares during the period. Tortoise Investment Management LLC increased its position in Cisco Systems by 36.1% in the second quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock valued at $104,000 after buying an additional 878 shares during the period. Seven Eight Capital LP bought a new position in Cisco Systems during the fourth quarter valued at $112,000. Grove Bank & Trust increased its position in Cisco Systems by 141.3% in the second quarter. Grove Bank & Trust now owns 3,620 shares of the network equipment provider’s stock valued at $113,000 after buying an additional 2,120 shares during the period. Finally, Financial Management Professionals Inc. increased its position in Cisco Systems by 17.7% in the first quarter. Financial Management Professionals Inc. now owns 4,218 shares of the network equipment provider’s stock valued at $118,000 after buying an additional 635 shares during the period. Hedge funds and other institutional investors own 75.40% 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).

Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

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