Cisco Systems, Inc. (NASDAQ:CSCO)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank AG in a research note issued on Wednesday. They presently have a $40.00 target price on the network equipment provider’s stock. Deutsche Bank AG’s price target suggests a potential upside of 27.06% from the company’s previous close.

CSCO has been the topic of several other reports. Robert W. Baird reiterated a “buy” rating on shares of Cisco Systems in a research note on Thursday, May 18th. Drexel Hamilton reissued a “buy” rating and set a $40.00 price target on shares of Cisco Systems in a report on Tuesday, May 23rd. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $36.00 price target on shares of Cisco Systems in a report on Monday, June 26th. Vetr raised Cisco Systems from a “hold” rating to a “buy” rating and set a $35.02 price target on the stock in a report on Wednesday. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $36.00 price target on shares of Cisco Systems in a report on Thursday, August 17th. Fourteen equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $35.54.

Shares of Cisco Systems (NASDAQ CSCO) traded down 0.88% during mid-day trading on Wednesday, reaching $31.48. The company had a trading volume of 15,339,455 shares. The company has a 50 day moving average price of $31.59 and a 200 day moving average price of $32.53. The company has a market capitalization of $157.18 billion, a price-to-earnings ratio of 16.57 and a beta of 1.19. Cisco Systems has a one year low of $29.12 and a one year high of $34.60.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 EPS for the quarter, meeting the consensus estimate of $0.61. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. The business had revenue of $12.13 billion for the quarter, compared to the consensus estimate of $12.07 billion. During the same period last year, the business posted $0.63 EPS. The company’s revenue was down 4.0% compared to the same quarter last year. On average, analysts anticipate that Cisco Systems will post $2.43 EPS for the current year.

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In other news, SVP Rebecca Jacoby sold 92,840 shares of Cisco Systems stock in a transaction that occurred 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 sale, the senior vice president now owns 271,725 shares of the company’s stock, valued at $8,616,399.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Karen Walker sold 7,802 shares of Cisco Systems stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $31.29, for a total transaction of $244,124.58. Following the sale, the senior vice president now directly 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. Insiders have sold 350,642 shares of company stock valued at $10,973,081 in the last ninety days. Insiders own 0.11% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Intl Fcstone Inc. raised its stake in shares of Cisco Systems by 188.2% during the second quarter. Intl Fcstone Inc. now owns 62,003 shares of the network equipment provider’s stock valued at $1,941,000 after acquiring an additional 40,487 shares in the last quarter. M Holdings Securities Inc. raised its stake in shares of Cisco Systems by 30.3% during the second quarter. M Holdings Securities Inc. now owns 62,831 shares of the network equipment provider’s stock valued at $1,967,000 after acquiring an additional 14,602 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in shares of Cisco Systems by 17.0% during the second quarter. Lord Abbett & CO. LLC now owns 6,082,742 shares of the network equipment provider’s stock valued at $190,390,000 after acquiring an additional 882,680 shares in the last quarter. J.P. Marvel Investment Advisors LLC raised its stake in shares of Cisco Systems by 4.3% during the second quarter. J.P. Marvel Investment Advisors LLC now owns 236,225 shares of the network equipment provider’s stock valued at $7,394,000 after acquiring an additional 9,650 shares in the last quarter. Finally, Navellier & Associates Inc raised its stake in shares of Cisco Systems by 1.2% during the second quarter. Navellier & Associates Inc now owns 90,289 shares of the network equipment provider’s stock valued at $2,826,000 after acquiring an additional 1,071 shares in the last quarter. 74.70% of the stock is 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).

Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

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