Traders purchased shares of Cisco Systems Inc. (NASDAQ:CSCO) on weakness during trading hours on Tuesday. $89.19 million flowed into the stock on the tick-up and $70.71 million flowed out of the stock on the tick-down, for a money net flow of $18.48 million into the stock. Of all stocks tracked, Cisco Systems had the 19th highest net in-flow for the day. Cisco Systems traded down ($0.07) for the day and closed at $30.94

Several research analysts have recently weighed in on the company. Citigroup Inc. increased their price target on Cisco Systems from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $34.00 price target (up previously from $30.00) on shares of Cisco Systems in a research note on Friday, August 5th. Jefferies Group reiterated a “buy” rating on shares of Cisco Systems in a research note on Thursday, August 4th. RBC Capital Markets reiterated an “outperform” rating and set a $35.00 price target (up previously from $33.00) on shares of Cisco Systems in a research note on Thursday, July 28th. Finally, Royal Bank Of Canada increased their price target on Cisco Systems from $33.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, July 28th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $31.31.

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

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 consensus estimate of $0.55 by $0.02. During the same period last year, the business posted $0.54 EPS. The company had revenue of $12 billion for the quarter, compared to the consensus estimate of $11.97 billion. The firm’s revenue was down 1.1% compared to the same quarter last year. On average, equities research analysts expect that Cisco Systems Inc. will post $2.33 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 27th. Stockholders of record on Thursday, July 7th were given a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, July 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.36%.

In other news, EVP Pankaj Patel sold 125,000 shares of the firm’s stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $28.63, for a total value of $3,578,750.00. Following the completion of the sale, the executive vice president now owns 456,307 shares of the company’s stock, valued at approximately $13,064,069.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John T. Chambers sold 541,667 shares of the firm’s stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $28.95, for a total value of $15,681,259.65. Following the completion of the sale, the chairman now directly owns 1,967,156 shares of the company’s stock, valued at approximately $56,949,166.20. The disclosure for this sale can be found here.

Other hedge funds have bought and sold shares of the company. 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 worth $1,022,000 after buying an additional 150 shares during the last quarter. Stuyvesant Capital Management boosted its stake in Cisco Systems by 3.1% in the fourth quarter. Stuyvesant Capital Management now owns 40,606 shares of the network equipment provider’s stock worth $1,103,000 after buying an additional 1,225 shares during the last quarter. Investors Capital Advisory Services boosted its stake in 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 worth $1,109,000 after buying an additional 1,829 shares during the last quarter. Navellier & Associates Inc boosted its stake in Cisco Systems by 10.9% in the fourth quarter. Navellier & Associates Inc now owns 41,283 shares of the network equipment provider’s stock worth $1,121,000 after buying an additional 4,041 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC boosted its stake in 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 worth $1,142,000 after buying an additional 8,459 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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