Traders sold shares of Cisco Systems Inc. (NASDAQ:CSCO) on strength during trading on Monday. $97.73 million flowed into the stock on the tick-up and $134.06 million flowed out of the stock on the tick-down, for a money net flow of $36.33 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 $0.32 for the day and closed at $31.19

A number of equities research analysts have commented on the company. Cowen and Company reissued an “outperform” rating and set a $39.00 price target on shares of Cisco Systems in a report on Monday. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $34.00 price target (up from $30.00) on shares of Cisco Systems in a report on Friday, August 5th. Citigroup Inc. raised their price target on Cisco Systems from $30.00 to $35.00 and gave the company a “buy” rating in a report on Tuesday, August 9th. Barclays PLC raised their price target on Cisco Systems from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Monday. Finally, Morgan Stanley reissued an “equal weight” rating and set a $28.00 price target on shares of Cisco Systems in a report on Monday. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have issued a buy rating to the stock. Cisco Systems currently has a consensus rating of “Buy” and a consensus target price of $31.32.

The company has a market cap of $156.32 billion and a PE ratio of 15.39. The firm’s 50-day moving average price is $29.98 and its 200 day moving average price is $28.00.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 27th. Investors of record on Thursday, July 7th were paid a dividend of $0.26 per share. The ex-dividend date was Tuesday, July 5th. This represents a $1.04 annualized dividend and a yield of 3.33%.

In related news, CMO Karen Walker sold 7,802 shares of Cisco Systems stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $28.50, for a total transaction of $222,357.00. Following the sale, the chief marketing officer now directly owns 175,250 shares in the company, valued at approximately $4,994,625. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman John T. Chambers sold 541,667 shares of Cisco Systems stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $28.95, for a total transaction of $15,681,259.65. Following the completion of the transaction, the chairman now owns 1,967,156 shares in the company, valued at $56,949,166.20. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have bought and sold shares of the company. Roof Eidam & Maycock ADV raised 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 worth $1,022,000 after buying an additional 150 shares in the last quarter. Renaissance Group LLC raised its position in Cisco Systems by 0.3% in the fourth quarter. Renaissance Group LLC now owns 86,484 shares of the network equipment provider’s stock worth $2,348,000 after buying an additional 287 shares in the last quarter. Apriem Advisors raised its position in Cisco Systems by 0.4% in the fourth quarter. Apriem Advisors now owns 137,325 shares of the network equipment provider’s stock worth $3,729,000 after buying an additional 561 shares in the last quarter. Coldstream Capital Management Inc. raised its position in Cisco Systems by 0.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 121,631 shares of the network equipment provider’s stock worth $3,303,000 after buying an additional 690 shares in the last quarter. Finally, Stuyvesant Capital Management raised 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 worth $1,103,000 after buying an additional 1,225 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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