Cisco Systems, Inc. (CSCO) Short Interest Up 21.3% in January

Cisco Systems, Inc. (NASDAQ:CSCO) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 59,932,212 shares, an increase of 21.3% from the January 12th total of 49,416,722 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily volume of 25,604,835 shares, the short-interest ratio is presently 2.3 days.

Cisco Systems (CSCO) traded up $0.76 during trading on Friday, reaching $39.53. The company’s stock had a trading volume of 51,230,000 shares, compared to its average volume of 25,780,000. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87. The stock has a market capitalization of $195,420.00, a price-to-earnings ratio of 20.48, a P/E/G ratio of 3.63 and a beta of 1.23. Cisco Systems has a one year low of $30.36 and a one year high of $42.98.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The company had revenue of $12.14 billion during the quarter, compared to analyst estimates of $12.11 billion. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. Cisco Systems’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. research analysts anticipate that Cisco Systems will post 2.22 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th were issued a dividend of $0.29 per share. The ex-dividend date was Thursday, January 4th. This represents a $1.16 dividend on an annualized basis and a yield of 2.93%. Cisco Systems’s dividend payout ratio is currently 60.10%.

A number of equities analysts have recently issued reports on CSCO shares. Piper Jaffray Companies restated a “buy” rating and issued a $36.00 price target on shares of Cisco Systems in a research note on Thursday, October 12th. Zacks Investment Research downgraded Cisco Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Oppenheimer restated a “buy” rating and issued a $36.00 price target on shares of Cisco Systems in a research note on Friday, October 20th. BMO Capital Markets restated a “hold” rating and issued a $32.00 price target on shares of Cisco Systems in a research note on Monday, October 23rd. Finally, Berenberg Bank restated a “hold” rating and issued a $33.00 price target on shares of Cisco Systems in a research note on Tuesday, October 24th. Thirteen investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $39.54.

In other Cisco Systems news, SVP Rebecca Jacoby sold 75,021 shares of Cisco Systems stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $38.42, for a total value of $2,882,306.82. Following the completion of the sale, the senior vice president now owns 257,476 shares of the company’s stock, valued at approximately $9,892,227.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Roderick C. Mcgeary sold 15,230 shares of Cisco Systems stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $38.00, for a total value of $578,740.00. Following the completion of the sale, the director now directly owns 113,154 shares of the company’s stock, valued at approximately $4,299,852. The disclosure for this sale can be found here. In the last three months, insiders sold 348,643 shares of company stock valued at $12,892,271. Corporate insiders own 0.05% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Vantage Financial Partners Ltd. Inc. acquired a new position in shares of Cisco Systems during the second quarter worth $231,000. IFG Advisory LLC acquired a new position in shares of Cisco Systems during the fourth quarter worth $2,375,000. Stonehearth Capital Management LLC acquired a new position in shares of Cisco Systems in the 4th quarter valued at $102,000. Keeler Thomas Management LLC acquired a new position in shares of Cisco Systems in the 4th quarter valued at $108,000. Finally, Goodman Financial Corp acquired a new position in shares of Cisco Systems in the 4th quarter valued at $115,000. Institutional investors own 75.64% of the company’s stock.

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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).

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