Cisco Systems, Inc. (CSCO) Lowered to Hold at Vetr Inc.

Vetr lowered shares of Cisco Systems, Inc. (NASDAQ:CSCO) from a buy rating to a hold rating in a research note published on Friday. The firm currently has $35.78 price target on the network equipment provider’s stock.

Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus set a $34.00 price objective on shares of Cisco Systems and gave the stock a hold rating in a research report on Tuesday, August 15th. JMP Securities restated a market perform rating on shares of Cisco Systems in a research report on Friday, August 18th. Nomura upped their target price on shares of Cisco Systems from $29.00 to $33.00 and gave the stock a neutral rating in a report on Thursday. Deutsche Bank AG reaffirmed a buy rating and set a $40.00 target price on shares of Cisco Systems in a report on Tuesday, August 8th. Finally, BidaskClub raised shares of Cisco Systems from a sell rating to a hold rating in a report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and twenty-two have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $36.67.

Cisco Systems (CSCO) traded up $0.02 during trading hours on Friday, reaching $35.90. 27,579,245 shares of the company’s stock were exchanged, compared to its average volume of 20,211,973. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.03 and a quick ratio of 2.98. The firm has a market capitalization of $177,670.00, a PE ratio of 15.69, a PEG ratio of 2.98 and a beta of 1.15. Cisco Systems has a 52 week low of $29.12 and a 52 week high of $36.67.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. The company had revenue of $12.14 billion during the quarter, compared to analysts’ expectations of $12.11 billion. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 earnings per share. equities research analysts predict that Cisco Systems will post 2.18 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Thursday, October 5th were issued a dividend of $0.29 per share. The ex-dividend date was Wednesday, October 4th. This represents a $1.16 dividend on an annualized basis and a yield of 3.23%. Cisco Systems’s payout ratio is currently 60.10%.

In other Cisco Systems news, insider John T. Chambers sold 250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $31.14, for a total transaction of $7,785,000.00. Following the sale, the insider now owns 729,305 shares of the company’s stock, valued at $22,710,557.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Karen Walker sold 23,110 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total transaction of $740,906.60. Following the sale, 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. In the last three months, insiders have sold 485,138 shares of company stock worth $15,347,574. 0.05% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. 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 acquiring an additional 3,023 shares during 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 acquiring an additional 878 shares during the last quarter. Mountain Capital Investment Advisors Inc purchased a new position in shares of Cisco Systems during the second quarter worth approximately $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 acquiring an additional 2,120 shares during 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 acquiring an additional 350 shares during the last quarter. Institutional investors and hedge funds own 75.22% of the company’s stock.

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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