Cisco Systems (NASDAQ:CSCO)‘s stock had its “hold” rating reissued by equities research analysts at Stifel Nicolaus in a note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a $40.00 price objective on the network equipment provider’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 5.24% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Piper Jaffray Companies restated a “buy” rating and set a $36.00 price target on shares of Cisco Systems in a report on Thursday, August 17th. Robert W. Baird restated a “buy” rating and set a $38.00 price target on shares of Cisco Systems in a report on Thursday, August 17th. 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 report on Wednesday, September 6th. Deutsche Bank restated a “buy” rating and set a $40.00 price target on shares of Cisco Systems in a report on Wednesday, September 6th. Finally, KeyCorp restated a “buy” rating on shares of Cisco Systems in a report on Friday, September 8th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-one have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $37.10.

Shares of Cisco Systems (CSCO) traded up $0.11 during trading hours on Thursday, reaching $38.01. 10,027,085 shares of the company’s stock traded hands, compared to its average volume of 20,327,117. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87. Cisco Systems has a 52 week low of $29.80 and a 52 week high of $38.37. The firm has a market cap of $188,599.19, a P/E ratio of 17.58, a P/E/G ratio of 3.45 and a beta of 1.19.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The company had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.11 billion. During the same period in the previous year, the business earned $0.61 EPS. 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 news, CAO Prat Bhatt sold 2,606 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total transaction of $95,092.94. Following the completion of the transaction, the chief accounting officer now owns 89,184 shares of the company’s stock, valued at $3,254,324.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John T. Chambers sold 250,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $36.50, for a total transaction of $9,125,000.00. Following the transaction, the insider now directly owns 712,736 shares of the company’s stock, valued at approximately $26,014,864. The disclosure for this sale can be found here. Insiders have sold 323,392 shares of company stock valued at $11,539,174 over the last 90 days. Corporate insiders own 0.05% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Southeast Asset Advisors Inc. raised its position in Cisco Systems by 0.5% in the first quarter. Southeast Asset Advisors Inc. now owns 9,233 shares of the network equipment provider’s stock worth $312,000 after purchasing an additional 44 shares in the last quarter. Opes Advisors Inc raised its position in Cisco Systems by 0.6% in the second quarter. Opes Advisors Inc now owns 7,475 shares of the network equipment provider’s stock worth $236,000 after purchasing an additional 44 shares in the last quarter. Leisure Capital Management raised its position in Cisco Systems by 0.6% in the second quarter. Leisure Capital Management now owns 7,454 shares of the network equipment provider’s stock worth $233,000 after purchasing an additional 48 shares in the last quarter. Ronald Blue & Co. LLC raised its position in Cisco Systems by 0.3% in the second quarter. Ronald Blue & Co. LLC now owns 17,912 shares of the network equipment provider’s stock worth $561,000 after purchasing an additional 57 shares in the last quarter. Finally, Banced Corp increased its holdings in shares of Cisco Systems by 0.4% during the second quarter. Banced Corp now owns 14,143 shares of the network equipment provider’s stock worth $442,000 after buying an additional 59 shares in the last quarter. 75.78% of the stock is owned by institutional investors and hedge funds.

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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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