Investors sold shares of Cisco Systems Inc. (NASDAQ:CSCO) on strength during trading on Tuesday. $83.36 million flowed into the stock on the tick-up and $104.76 million flowed out of the stock on the tick-down, for a money net flow of $21.40 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 $0.35 for the day and closed at $30.98

A number of research analysts have weighed in on the company. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $30.00 target price on shares of Cisco Systems in a report on Monday, May 2nd. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Cisco Systems in a report on Sunday, May 22nd. Credit Suisse Group AG reaffirmed a “sell” rating and set a $24.00 target price (up previously from $22.00) on shares of Cisco Systems in a report on Saturday, May 14th. They noted that the move was a valuation call. Vetr lowered Cisco Systems from a “buy” rating to a “hold” rating and set a $28.75 target price for the company. in a report on Monday, May 23rd. Finally, Drexel Hamilton reaffirmed 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. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $31.84.

The company has a 50-day moving average of $30.36 and a 200-day moving average of $28.33. The company has a market cap of $155.86 billion and a PE ratio of 14.68.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, August 17th. The network equipment provider reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The company earned $12.60 billion during the quarter, compared to the consensus estimate of $12.57 billion. The company’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 earnings per share. On average, analysts expect that Cisco Systems Inc. will post $2.43 EPS for the current fiscal year.

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

In related news, CMO Karen Walker sold 7,802 shares of the company’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $28.50, for a total transaction of $222,357.00. Following the transaction, the chief marketing officer now directly owns 175,250 shares of the company’s stock, valued at approximately $4,994,625. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman John T. Chambers sold 541,667 shares of the company’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $28.95, for a total value of $15,681,259.65. Following the transaction, the chairman now directly 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 made changes to their positions in the company. Roof Eidam & Maycock ADV raised its position 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 raised its position 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 raised its position 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. New Jersey Better Educational Savings Trust raised its position in shares of Cisco Systems by 10.0% in the fourth quarter. New Jersey Better Educational Savings Trust now owns 44,000 shares of the network equipment provider’s stock valued at $1,195,000 after buying an additional 4,000 shares in the last quarter. Finally, Bank of The Ozarks raised its position in shares of Cisco Systems by 51.1% in the fourth quarter. Bank of The Ozarks now owns 47,590 shares of the network equipment provider’s stock valued at $1,293,000 after buying an additional 16,085 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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