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

Cisco Systems, Inc. (NASDAQ:CSCO) saw a significant increase in short interest during the month of 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 shares of the company are short sold. Based on an average daily volume of 25,604,835 shares, the days-to-cover ratio is currently 2.3 days.

Cisco Systems (CSCO) traded up $0.76 during trading on Friday, reaching $39.53. 51,230,000 shares of the company traded hands, compared to its average volume of 25,780,000. Cisco Systems has a 12-month low of $30.36 and a 12-month high of $42.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.87 and a quick ratio of 2.81. The firm has a market cap of $195,420.00, a P/E ratio of 20.48, a PEG ratio of 3.63 and a beta of 1.23.

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, beating the Thomson Reuters’ 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 firm had revenue of $12.14 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same quarter last year, the firm earned $0.61 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. research analysts predict 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. Investors of record on Friday, January 5th were issued a $0.29 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $1.16 annualized dividend and a yield of 2.93%. Cisco Systems’s dividend payout ratio (DPR) is presently 60.10%.

Several equities research analysts have commented on CSCO shares. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $36.00 price target on shares of Cisco Systems in a report on Thursday, October 12th. Oppenheimer reaffirmed a “buy” rating and issued a $36.00 price target on shares of Cisco Systems in a report on Friday, October 20th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $36.00 price target on shares of Cisco Systems in a report on Wednesday, November 15th. Vetr raised shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $35.49 target price on the stock in a research note on Monday, November 13th. Finally, Robert W. Baird reissued a “buy” rating and set a $38.00 target price on shares of Cisco Systems in a research note on Friday, November 10th. Thirteen equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $39.54.

In other Cisco Systems news, Director Roderick C. Mcgeary sold 15,230 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.00, for a total value of $578,740.00. Following the sale, the director now directly owns 113,154 shares of the company’s stock, valued at $4,299,852. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Karen Walker sold 5,786 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total transaction of $211,131.14. Following the completion of the sale, the senior vice president now directly owns 176,418 shares in the company, valued at $6,437,492.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 348,643 shares of company stock worth $12,892,271. 0.05% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of CSCO. Richard Bernstein Advisors LLC boosted its position in Cisco Systems by 21.2% in the 2nd quarter. Richard Bernstein Advisors LLC now owns 269,441 shares of the network equipment provider’s stock valued at $8,434,000 after buying an additional 47,211 shares during the period. Stratos Wealth Partners LTD. boosted its position in Cisco Systems by 10.4% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 152,990 shares of the network equipment provider’s stock valued at $4,789,000 after buying an additional 14,395 shares during the period. Eads & Heald Investment Counsel boosted its position in Cisco Systems by 15.7% in the 2nd quarter. Eads & Heald Investment Counsel now owns 42,453 shares of the network equipment provider’s stock valued at $1,329,000 after buying an additional 5,765 shares during the period. Pzena Investment Management LLC boosted its position in Cisco Systems by 0.4% in the 3rd quarter. Pzena Investment Management LLC now owns 2,517,046 shares of the network equipment provider’s stock valued at $84,648,000 after buying an additional 10,265 shares during the period. Finally, Aviva PLC boosted its position in Cisco Systems by 6.5% in the 2nd quarter. Aviva PLC now owns 4,769,809 shares of the network equipment provider’s stock valued at $149,343,000 after buying an additional 289,899 shares during the period. Hedge funds and other 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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