Traders sold shares of Cisco Systems Inc. (NASDAQ:CSCO) on strength during trading hours on Thursday. $88.77 million flowed into the stock on the tick-up and $154.46 million flowed out of the stock on the tick-down, for a money net flow of $65.69 million out of the stock. Of all companies tracked, Cisco Systems had the 0th highest net out-flow for the day. Cisco Systems traded up $0.10 for the day and closed at $30.95

Several research firms recently commented on CSCO. Credit Suisse Group AG reiterated a “sell” rating and issued a $24.00 target price on shares of Cisco Systems in a research note on Thursday. Citigroup Inc. upped their target price on Cisco Systems from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $34.00 target price (up 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. Finally, RBC Capital Markets reiterated an “outperform” rating and issued a $35.00 target price (up from $33.00) on shares of Cisco Systems in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $31.11.

The company has a 50 day moving average of $29.83 and a 200 day moving average of $27.83. The firm has a market capitalization of $155.67 billion and a price-to-earnings ratio of 15.32.

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

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

In related news, SVP Rebecca Jacoby sold 90,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 318,730 shares in the company, valued at approximately $9,233,608.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven M. West sold 15,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 26,804 shares of the company’s stock, valued at approximately $809,480.80. The disclosure for this sale can be found here.

Other hedge funds and institutional investors recently bought and sold shares of the company. Roof Eidam & Maycock ADV boosted its position 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 during the period. Stuyvesant Capital Management boosted its position 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 valued at $1,103,000 after buying an additional 1,225 shares during the period. Investors Capital Advisory Services boosted its position 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 valued at $1,109,000 after buying an additional 1,829 shares during the period. Navellier & Associates Inc boosted its position 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 valued at $1,121,000 after buying an additional 4,041 shares during the period. Finally, Stonebridge Capital Advisors LLC boosted its position 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 valued at $1,142,000 after buying an additional 8,459 shares during the period.

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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