Investors purchased shares of Cisco Systems Inc. (NASDAQ:CSCO) on weakness during trading hours on Thursday. $96.50 million flowed into the stock on the tick-up and $71.63 million flowed out of the stock on the tick-down, for a money net flow of $24.87 million into the stock. Of all stocks tracked, Cisco Systems had the 19th highest net in-flow for the day. Cisco Systems traded down ($0.05) for the day and closed at $30.58

CSCO has been the topic of a number of recent analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a $33.00 price target (up previously from $31.00) on shares of Cisco Systems in a report on Thursday, May 19th. Credit Suisse Group AG restated a “sell” rating on shares of Cisco Systems in a report on Thursday, June 16th. Morgan Stanley restated a “hold” rating and set a $28.00 price target on shares of Cisco Systems in a report on Monday. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $30.00 price target on shares of Cisco Systems in a report on Tuesday, April 12th. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $36.00 price objective on shares of Cisco Systems in a research note on Wednesday, June 15th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-five have given a buy rating to the stock. Cisco Systems presently has a consensus rating of “Buy” and a consensus price target of $30.86.

The stock’s 50-day moving average is $29.04 and its 200 day moving average is $27.19. The firm has a market cap of $153.81 billion and a P/E ratio of 15.14.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, May 18th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.02. The business earned $12 billion during the quarter, compared to the consensus estimate of $11.97 billion. The company’s revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 EPS. On average, equities research analysts expect that Cisco Systems Inc. will post $2.33 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 27th. Stockholders of record on Thursday, July 7th will be given a $0.26 dividend. The ex-dividend date is Tuesday, July 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.40%.

In related news, SVP Rebecca Jacoby sold 90,000 shares of the company’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $28.97, for a total transaction of $2,607,300.00. Following the completion of the sale, the senior vice president now owns 318,730 shares of the company’s stock, valued at $9,233,608.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Pankaj Patel sold 125,000 shares of the company’s stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $28.63, for a total transaction of $3,578,750.00. Following the sale, the executive vice president now directly owns 456,307 shares of the company’s stock, valued at approximately $13,064,069.41. The disclosure for this sale can be found here.

A number of large investors have recently bought and sold shares of CSCO. Roof Eidam & Maycock ADV boosted its stake in Cisco Systems by 0.4% in the fourth quarter. Roof Eidam & Maycock ADV now owns 37,625 shares of the network equipment provider’s stock valued at $1,022,000 after buying an additional 150 shares in the last quarter. Eads & Heald Investment Counsel increased its position in shares of Cisco Systems by 0.6% in the fourth quarter. Eads & Heald Investment Counsel now owns 37,351 shares of the network equipment provider’s stock valued at $1,014,000 after buying an additional 205 shares during the last quarter. Renaissance Group LLC increased its position in shares of Cisco Systems by 0.3% in the fourth quarter. Renaissance Group LLC now owns 86,484 shares of the network equipment provider’s stock valued at $2,348,000 after buying an additional 287 shares during the last quarter. Linscomb & Williams Inc. increased its position in shares of Cisco Systems by 0.3% in the fourth quarter. Linscomb & Williams Inc. now owns 102,520 shares of the network equipment provider’s stock valued at $2,784,000 after buying an additional 310 shares during the last quarter. Finally, Banque Pictet & Cie SA increased its position in shares of Cisco Systems by 0.4% in the fourth quarter. Banque Pictet & Cie SA now owns 95,857 shares of the network equipment provider’s stock valued at $2,603,000 after buying an additional 385 shares during the last quarter.

Cisco System, Inc (Cisco) designs and sells lines of products, provides services and delivers integrated solutions to develop and connect networks around the world, building the Internet. The Company is engaged in designing, manufacturing and selling Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry, and provides services associated with these products and their use.

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