Cisco Systems Inc. (NASDAQ:CSCO) shares reached a new 52-week high on Tuesday . The stock traded as high as $31.15 and last traded at $30.90, with a volume of 10,978,844 shares. The stock had previously closed at $30.79.

Several research analysts have weighed in on CSCO shares. Vetr downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $29.77 price objective on the stock. in a report on Monday, April 4th. Bank of America Corp. downgraded shares of Cisco Systems from a “buy” rating to a “neutral” rating and increased their target price for the company from $27.00 to $30.00 in a report on Tuesday, April 5th. Nomura reiterated a “hold” rating on shares of Cisco Systems in a report on Monday, April 4th. JPMorgan Chase & Co. upgraded shares of Cisco Systems from an “underweight” rating to a “neutral” rating and increased their target price for the company from $17.00 to $27.50 in a report on Wednesday, April 6th. Finally, Citigroup Inc. reiterated a “buy” rating on shares of Cisco Systems in a report on Thursday, April 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $30.92.

The stock has a market cap of $153.93 billion and a P/E ratio of 15.151. The stock has a 50-day moving average price of $29.24 and a 200 day moving average price of $27.34.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, May 18th. The network equipment provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. During the same quarter in the previous year, the business earned $0.54 EPS. The business earned $12 billion during the quarter, compared to analysts’ expectations of $11.97 billion. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, equities analysts expect that Cisco Systems Inc. will post $2.33 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 27th. Shareholders of record on Thursday, July 7th were paid a $0.26 dividend. The ex-dividend date was Tuesday, July 5th. This represents a $1.04 dividend on an annualized basis and a yield of 3.38%.

In other news, Director Steven M. West sold 15,000 shares of the firm’s stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $30.20, for a total transaction of $453,000.00. Following the transaction, the director now owns 26,804 shares in the company, valued at $809,480.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Rebecca Jacoby sold 90,000 shares of the firm’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $28.97, for a total value of $2,607,300.00. Following the transaction, the senior vice president now owns 318,730 shares in the company, valued at approximately $9,233,608.10. The disclosure for this sale can be found here.

Other institutional investors have recently made changes to their positions in the company. 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 valued at $7,114,000 after buying an additional 6,869 shares in the last quarter. Mengis Capital Management Inc. raised its position in shares of Cisco Systems by 1.5% in the fourth quarter. Mengis Capital Management Inc. now owns 64,553 shares of the network equipment provider’s stock valued at $1,752,000 after buying an additional 933 shares in the last quarter. High Pointe Capital Management LLC raised its position in shares of Cisco Systems by 26.3% in the fourth quarter. High Pointe Capital Management LLC now owns 72,050 shares of the network equipment provider’s stock valued at $1,957,000 after buying an additional 15,010 shares in the last quarter. Goelzer Investment Management Inc. raised its position in shares of Cisco Systems by 2.9% in the fourth quarter. Goelzer Investment Management Inc. now owns 291,182 shares of the network equipment provider’s stock valued at $7,907,000 after buying an additional 8,075 shares in the last quarter. Finally, LaFleur & Godfrey LLC raised its position in shares of Cisco Systems by 83.3% in the fourth quarter. LaFleur & Godfrey LLC now owns 95,541 shares of the network equipment provider’s stock valued at $2,594,000 after buying an additional 43,415 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.