Cisco Systems, Inc. (NASDAQ:CSCO) was the target of a significant decrease in short interest during the month of October. As of October 13th, there was short interest totalling 50,796,936 shares, a decrease of 11.7% from the September 29th total of 57,495,223 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average trading volume of 14,548,896 shares, the short-interest ratio is currently 3.5 days.

Shares of Cisco Systems (CSCO) opened at 34.30 on Thursday. The firm’s 50-day moving average price is $33.22 and its 200-day moving average price is $32.37. The company has a market cap of $169.85 billion, a PE ratio of 18.05 and a beta of 1.21. Cisco Systems has a 12 month low of $29.12 and a 12 month high of $34.73.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.61. The firm had revenue of $12.13 billion for the quarter, compared to analyst estimates of $12.07 billion. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.63 EPS. Equities analysts predict that Cisco Systems will post $2.43 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Thursday, October 5th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend was Wednesday, October 4th. Cisco Systems’s dividend payout ratio (DPR) is 60.73%.

In related news, SVP Mark D. Chandler sold 65,000 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $32.43, for a total value of $2,107,950.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John T. Chambers sold 250,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $31.14, for a total transaction of $7,785,000.00. Following the completion of the sale, the insider now directly owns 729,305 shares of the company’s stock, valued at approximately $22,710,557.70. The disclosure for this sale can be found here. Insiders have sold 485,138 shares of company stock valued at $15,347,574 in the last 90 days. Insiders own 0.11% of the company’s stock.

Large investors have recently bought and sold shares of the business. Washington Trust Bank increased its position in shares of Cisco Systems by 2.5% during the 2nd quarter. Washington Trust Bank now owns 113,153 shares of the network equipment provider’s stock worth $3,542,000 after purchasing an additional 2,726 shares during the last quarter. Holderness Investments Co. increased its holdings in shares of Cisco Systems by 12.1% during the 1st quarter. Holderness Investments Co. now owns 66,740 shares of the network equipment provider’s stock worth $2,256,000 after acquiring an additional 7,186 shares during the last quarter. Pioneer Investment Management Inc. increased its holdings in shares of Cisco Systems by 5.2% during the 1st quarter. Pioneer Investment Management Inc. now owns 8,258,748 shares of the network equipment provider’s stock worth $279,146,000 after acquiring an additional 408,875 shares during the last quarter. Congress Asset Management Co. MA increased its holdings in shares of Cisco Systems by 4.1% during the 1st quarter. Congress Asset Management Co. MA now owns 147,410 shares of the network equipment provider’s stock worth $4,982,000 after acquiring an additional 5,796 shares during the last quarter. Finally, Investment House LLC increased its holdings in shares of Cisco Systems by 7.5% during the 2nd quarter. Investment House LLC now owns 85,400 shares of the network equipment provider’s stock worth $2,673,000 after acquiring an additional 5,975 shares during the last quarter. 75.35% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on CSCO shares. Sanford C. Bernstein set a $38.00 price objective on shares of Cisco Systems and gave the stock a “buy” rating in a report on Saturday, July 1st. Vetr raised shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $32.45 price objective for the company in a report on Thursday, July 6th. BidaskClub raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Deutsche Bank AG set a $40.00 price objective on shares of Cisco Systems and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $37.00 price objective on shares of Cisco Systems in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $35.30.

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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).

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