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

A number of research analysts have recently weighed in on the stock. Morgan Stanley restated a “hold” rating and set a $28.00 price target on shares of Cisco Systems in a report on Monday, July 18th. Zacks Investment Research downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Tuesday. Vetr downgraded shares of Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $32.61 target price on the stock. in a report on Thursday, July 14th. Drexel Hamilton reiterated a “buy” rating and issued a $36.00 target price on shares of Cisco Systems in a report on Tuesday, July 12th. Finally, Cowen and Company reiterated a “buy” rating on shares of Cisco Systems in a report on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $30.86.

The stock has a 50 day moving average of $29.09 and a 200-day moving average of $27.22. The stock has a market cap of $154.46 billion and a PE ratio of 15.20.

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 Thomson Reuters’ consensus estimate of $0.55 by $0.02. The business had revenue of $12 billion for the quarter, compared to analyst estimates of $11.97 billion. The company’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.54 earnings per share. On average, equities research analysts anticipate that Cisco Systems Inc. will post $2.33 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 27th. Investors of record on Thursday, July 7th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 3.39%. The ex-dividend date is Tuesday, July 5th.

In related news, CMO Karen Walker sold 7,802 shares of the company’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $28.50, for a total transaction of $222,357.00. Following the transaction, the chief marketing officer now directly owns 175,250 shares of the company’s stock, valued at approximately $4,994,625. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Pankaj Patel sold 125,000 shares of the company’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $28.63, for a total value of $3,578,750.00. Following the transaction, the executive vice president now directly owns 456,307 shares in the company, valued at $13,064,069.41. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently made changes to their positions in CSCO. Toth Financial raised its position in shares of Cisco Systems by 2.7% in the fourth quarter. Toth Financial now owns 261,977 shares of the network equipment provider’s stock worth $7,114,000 after buying an additional 6,869 shares in the last quarter. Selway Asset Management raised its position in shares of Cisco Systems by 35.7% in the fourth quarter. Selway Asset Management now owns 191,825 shares of the network equipment provider’s stock worth $5,209,000 after buying an additional 50,475 shares in the last quarter. Greatmark Investment Partners Inc. raised its position in shares of Cisco Systems by 0.3% in the fourth quarter. Greatmark Investment Partners Inc. now owns 279,112 shares of the network equipment provider’s stock worth $7,579,000 after buying an additional 751 shares in the last quarter. Highstreet Asset Management Inc. raised its position in shares of Cisco Systems by 80.1% in the fourth quarter. Highstreet Asset Management Inc. now owns 259,157 shares of the network equipment provider’s stock worth $7,037,000 after buying an additional 115,299 shares in the last quarter. Finally, Linscomb & Williams Inc. raised 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 worth $2,784,000 after buying an additional 310 shares in 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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