Cisco Systems, Inc. (NASDAQ:CSCO) has been given a consensus recommendation of “Buy” by the thirty-six brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and twenty-one have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $35.38.

A number of brokerages have commented on CSCO. Stifel Nicolaus set a $34.00 price target on Cisco Systems and gave the stock a “hold” rating in a research note on Tuesday, August 15th. JMP Securities reissued a “market perform” rating on shares of Cisco Systems in a research note on Friday, August 18th. Berenberg Bank reissued a “hold” rating and set a $33.00 target price on shares of Cisco Systems in a research note on Tuesday, October 24th. Deutsche Bank AG reissued a “buy” rating and set a $40.00 target price on shares of Cisco Systems in a research note on Tuesday, August 8th. Finally, Vetr raised Cisco Systems from a “hold” rating to a “buy” rating and set a $32.45 target price on the stock in a research note on Thursday, July 6th.

In other Cisco Systems 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 value of $2,107,950.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Charles Robbins sold 121,390 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total value of $3,891,763.40. Following the completion of the sale, the chief executive officer now owns 552,694 shares of the company’s stock, valued at approximately $17,719,369.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 485,138 shares of company stock valued at $15,347,574. Company insiders own 0.05% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Barnett & Company Inc. grew its position in shares of Cisco Systems by 1,511.5% during the second quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock worth $101,000 after purchasing an additional 3,023 shares in the last quarter. Tortoise Investment Management LLC grew its position in shares of Cisco Systems by 36.1% during the second quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock worth $104,000 after purchasing an additional 878 shares in the last quarter. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Cisco Systems during the second quarter worth about $104,000. Grove Bank & Trust grew its position in shares of Cisco Systems by 141.3% during the second quarter. Grove Bank & Trust now owns 3,620 shares of the network equipment provider’s stock worth $113,000 after purchasing an additional 2,120 shares in the last quarter. Finally, Manchester Capital Management LLC grew its position in shares of Cisco Systems by 10.7% during the second quarter. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider’s stock worth $113,000 after purchasing an additional 350 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Cisco Systems (NASDAQ CSCO) traded up 1.38% during trading on Wednesday, hitting $34.62. The company’s stock had a trading volume of 15,335,209 shares. The firm has a 50 day moving average of $33.49 and a 200 day moving average of $32.41. The firm has a market cap of $171.44 billion, a P/E ratio of 18.22 and a beta of 1.21. Cisco Systems has a 12 month low of $29.12 and a 12 month high of $34.75.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.61. The business had revenue of $12.13 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the firm earned $0.63 EPS. Equities research analysts predict that Cisco Systems will post $2.43 earnings per share for the current 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 $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend was Wednesday, October 4th. Cisco Systems’s payout ratio is 60.73%.

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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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