Cisco Systems, Inc. (NASDAQ:CSCO)‘s stock had its “hold” rating reiterated by investment analysts at BMO Capital Markets in a note issued to investors on Monday. They currently have a $32.00 price target on the network equipment provider’s stock. BMO Capital Markets’ price objective suggests a potential downside of 6.84% from the company’s current price.

A number of other equities analysts also recently issued reports on the stock. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $36.00 price objective on shares of Cisco Systems in a report on Friday. Zacks Investment Research downgraded shares of Cisco Systems from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. KeyCorp set a $33.00 price objective on shares of Cisco Systems and gave the stock a “buy” rating in a report on Wednesday, October 11th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $36.00 price objective on shares of Cisco Systems in a report on Thursday, October 12th. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $35.00 price objective on shares of Cisco Systems in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. Cisco Systems currently has a consensus rating of “Buy” and an average target price of $35.30.

Cisco Systems (NASDAQ CSCO) traded up 0.29% during mid-day trading on Monday, reaching $34.35. 22,631,966 shares of the company’s stock traded hands. The stock has a market cap of $170.10 billion, a P/E ratio of 18.08 and a beta of 1.21. The company has a 50 day moving average price of $33.11 and a 200-day moving average price of $32.35. Cisco Systems has a 12 month low of $29.12 and a 12 month high of $34.68.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.61. The firm had revenue of $12.13 billion for the quarter, compared to the consensus estimate of $12.07 billion. Cisco Systems had a net margin of 19.98% and a return on equity of 14.79%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.63 EPS. On average, analysts anticipate that Cisco Systems will post $2.43 EPS for the current year.

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In other news, SVP Mark D. Chandler sold 65,000 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $32.43, for a total transaction of $2,107,950.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Karen Walker sold 23,110 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total value of $740,906.60. Following the sale, the senior vice president now owns 192,774 shares in the company, valued at $6,180,334.44. The disclosure for this sale can be found here. Insiders sold a total of 485,138 shares of company stock worth $15,347,574 over the last 90 days. 0.11% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Washington Trust Bank increased its position in shares of Cisco Systems by 2.5% during the second quarter. Washington Trust Bank now owns 113,153 shares of the network equipment provider’s stock valued at $3,542,000 after buying an additional 2,726 shares during the period. Holderness Investments Co. increased its position in shares of Cisco Systems by 12.1% during the first quarter. Holderness Investments Co. now owns 66,740 shares of the network equipment provider’s stock valued at $2,256,000 after buying an additional 7,186 shares during the period. Pioneer Investment Management Inc. increased its position in shares of Cisco Systems by 5.2% during the first quarter. Pioneer Investment Management Inc. now owns 8,258,748 shares of the network equipment provider’s stock valued at $279,146,000 after buying an additional 408,875 shares during the period. Congress Asset Management Co. MA increased its position in shares of Cisco Systems by 4.1% during the first quarter. Congress Asset Management Co. MA now owns 147,410 shares of the network equipment provider’s stock valued at $4,982,000 after buying an additional 5,796 shares during the period. Finally, Investment House LLC increased its position in shares of Cisco Systems by 7.5% during the second quarter. Investment House LLC now owns 85,400 shares of the network equipment provider’s stock valued at $2,673,000 after buying an additional 5,975 shares during the period. Hedge funds and other institutional investors own 75.32% 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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