Cisco Systems Inc. (NASDAQ:CSCO) traded down 1.5% on Thursday . The company traded as low as $30.06 and last traded at $30.26, with a volume of 26,424,710 shares traded. The stock had previously closed at $30.72.

A number of equities research analysts have recently weighed in on the company. Vetr raised Cisco Systems from a “hold” rating to a “buy” rating and set a $30.77 target price for the company in a report on Tuesday, June 7th. Drexel Hamilton reissued a “buy” rating and set a $36.00 target price (up previously from $34.00) on shares of Cisco Systems in a report on Saturday, May 14th. Jefferies Group lifted their target price on Cisco Systems from $27.50 to $30.75 and gave the stock a “buy” rating in a report on Thursday, May 19th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Cisco Systems in a report on Wednesday. Finally, Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a report on Thursday. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. Cisco Systems has a consensus rating of “Buy” and a consensus target price of $31.83.

The company has a market cap of $153.51 billion and a price-to-earnings ratio of 15.11. The stock has a 50 day moving average price of $30.29 and a 200 day moving average price of $28.14.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, August 17th. The network equipment provider reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. During the same quarter in the previous year, the firm posted $0.59 EPS. The company had revenue of $12.60 billion for the quarter, compared to analysts’ expectations of $12.57 billion. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. Equities analysts expect that Cisco Systems Inc. will post $2.43 earnings per share for the current fiscal year.

The firm also recently declared 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 annualized dividend and a dividend yield of 3.41%. The ex-dividend date was Tuesday, July 5th.

In related news, Director Steven M. West sold 15,000 shares of the company’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 completion of the sale, the director now owns 26,804 shares in the company, valued at $809,480.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Pankaj Patel sold 4,133 shares of the company’s stock in a transaction on Monday, June 20th. The shares were sold at an average price of $29.02, for a total value of $119,939.66. Following the sale, the executive vice president now owns 359,174 shares of the company’s stock, valued at approximately $10,423,229.48. The disclosure for this sale can be found here.

Other hedge funds have recently bought and sold shares of the company. Conning Inc. boosted its stake in Cisco Systems by 1.4% in the fourth quarter. Conning Inc. now owns 1,289,426 shares of the network equipment provider’s stock worth $35,014,000 after buying an additional 17,730 shares during the period. Daiwa Securities Group Inc. raised its stake in Cisco Systems by 52.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 1,061,330 shares of the network equipment provider’s stock valued at $28,821,000 after buying an additional 363,369 shares in the last quarter. Loudon Investment Management LLC raised its stake in Cisco Systems by 1.1% in the fourth quarter. Loudon Investment Management LLC now owns 196,018 shares of the network equipment provider’s stock valued at $5,323,000 after buying an additional 2,219 shares in the last quarter. Motco raised its stake in Cisco Systems by 1.2% in the fourth quarter. Motco now owns 264,953 shares of the network equipment provider’s stock valued at $7,194,000 after buying an additional 3,227 shares in the last quarter. Finally, BARING ASSET MANAGEMENT Ltd raised its stake in Cisco Systems by 13.3% in the fourth quarter. BARING ASSET MANAGEMENT Ltd now owns 56,183 shares of the network equipment provider’s stock valued at $1,526,000 after buying an additional 6,588 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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