Cisco Systems (NASDAQ:CSCO)‘s stock had its “buy” rating restated by equities researchers at Robert W. Baird in a research report issued to clients and investors on Tuesday. They presently have a $41.00 price objective on the network equipment provider’s stock. Robert W. Baird’s price objective would indicate a potential upside of 9.89% from the company’s current price.

CSCO has been the topic of a number of other reports. Jefferies Group lifted their price objective on shares of Cisco Systems to $40.00 and gave the company a “buy” rating in a research note on Thursday, November 16th. Deutsche Bank restated a “buy” rating and set a $45.00 price objective (up from $40.00) on shares of Cisco Systems in a research note on Thursday, November 16th. Bank of America boosted their price target on shares of Cisco Systems from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, November 16th. Vetr upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $35.02 price target on the stock in a research report on Wednesday, September 6th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $36.00 price target on shares of Cisco Systems in a research report on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $36.90.

Shares of Cisco Systems (CSCO) traded down $0.41 during midday trading on Tuesday, hitting $37.31. 23,288,100 shares of the company were exchanged, compared to its average volume of 20,430,646. Cisco Systems has a fifty-two week low of $29.24 and a fifty-two week high of $38.03. The company has a current ratio of 2.87, a quick ratio of 2.81 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $186,473.44, a PE ratio of 17.38, a P/E/G ratio of 3.41 and a beta of 1.19.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The business had revenue of $12.14 billion for the quarter, compared to analysts’ expectations of $12.11 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The company’s revenue was down 1.7% on a year-over-year basis. analysts expect that Cisco Systems will post 2.21 EPS for the current year.

In other Cisco Systems news, CEO Charles Robbins sold 121,390 shares of Cisco Systems stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total transaction of $3,891,763.40. Following the transaction, the chief executive officer now owns 552,694 shares of the company’s stock, valued at approximately $17,719,369.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Karen Walker sold 23,110 shares of Cisco Systems 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 transaction, the senior vice president now directly owns 192,774 shares in the company, valued at approximately $6,180,334.44. The disclosure for this sale can be found here. Insiders sold a total of 493,530 shares of company stock worth $16,993,798 in the last three months. 0.05% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Cisco Systems by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider’s stock worth $11,021,378,000 after purchasing an additional 7,411,891 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Cisco Systems by 23.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 62,709,508 shares of the network equipment provider’s stock worth $2,109,614,000 after purchasing an additional 11,972,070 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Cisco Systems by 6.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 48,741,535 shares of the network equipment provider’s stock worth $1,639,089,000 after purchasing an additional 2,987,682 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Cisco Systems by 8.3% in the 3rd quarter. Nordea Investment Management AB now owns 34,013,570 shares of the network equipment provider’s stock worth $1,143,876,000 after purchasing an additional 2,617,310 shares during the last quarter. Finally, Boston Partners lifted its holdings in Cisco Systems by 1.1% in the 3rd quarter. Boston Partners now owns 30,401,385 shares of the network equipment provider’s stock worth $1,022,399,000 after purchasing an additional 329,474 shares during the last quarter. 75.79% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: “Robert W. Baird Reiterates “Buy” Rating for Cisco Systems (CSCO)” was first published by American Banking News and is the property of of American Banking News. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The correct version of this article can be read at https://www.americanbankingnews.com/2017/12/06/robert-w-baird-reiterates-buy-rating-for-cisco-systems-csco.html.

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)

Receive News & Ratings for Cisco Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.