Cisco Systems Inc. (NASDAQ:CSCO) reached a new 52-week high on Monday . The company traded as high as $31.19 and last traded at $30.95, with a volume of 8,655,881 shares changing hands. The stock had previously closed at $31.04.

A number of equities research analysts recently weighed in on CSCO shares. Argus restated a “buy” rating and issued a $34.00 price target on shares of Cisco Systems in a research note on Thursday, July 7th. BMO Capital Markets restated a “buy” rating and issued a $32.00 price target on shares of Cisco Systems in a research note on Sunday, July 10th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $30.00 price target on shares of Cisco Systems in a research note on Tuesday, April 12th. Credit Suisse Group AG restated an “underperform” rating on shares of Cisco Systems in a research note on Wednesday, July 6th. Finally, JPMorgan Chase & Co. restated a “hold” rating on shares of Cisco Systems in a research note on Wednesday, June 8th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $31.31.

The company’s 50 day moving average price is $29.71 and its 200 day moving average price is $27.78. The stock has a market capitalization of $155.62 billion and a PE ratio of 15.32.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, May 18th. The network equipment provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.02. The company had revenue of $12 billion for the quarter, compared to analysts’ expectations of $11.97 billion. The company’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 earnings per share. Equities analysts expect that Cisco Systems Inc. will post $2.33 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 27th. Investors of record on Thursday, July 7th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend was Tuesday, July 5th.

In related news, Chairman John T. Chambers sold 541,667 shares of the stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $28.95, for a total transaction of $15,681,259.65. Following the completion of the sale, the chairman now directly owns 1,967,156 shares in the company, valued at approximately $56,949,166.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Pankaj Patel sold 125,000 shares of the 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 sale, the executive vice president now owns 456,307 shares of the company’s stock, valued at $13,064,069.41. The disclosure for this sale can be found here.

Other large investors recently modified their holdings of the company. Roof Eidam & Maycock ADV boosted its stake in shares of 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. Stuyvesant Capital Management boosted its stake in shares of Cisco Systems by 3.1% in the fourth quarter. Stuyvesant Capital Management now owns 40,606 shares of the network equipment provider’s stock valued at $1,103,000 after buying an additional 1,225 shares in the last quarter. Investors Capital Advisory Services boosted its stake in shares of Cisco Systems by 4.7% in the fourth quarter. Investors Capital Advisory Services now owns 40,910 shares of the network equipment provider’s stock valued at $1,109,000 after buying an additional 1,829 shares in the last quarter. Navellier & Associates Inc boosted its stake in shares of Cisco Systems by 10.9% in the fourth quarter. Navellier & Associates Inc now owns 41,283 shares of the network equipment provider’s stock valued at $1,121,000 after buying an additional 4,041 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC boosted its stake in shares of Cisco Systems by 25.2% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 42,065 shares of the network equipment provider’s stock valued at $1,142,000 after buying an additional 8,459 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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