Traders sold shares of Cisco Systems Inc. (NASDAQ:CSCO) on strength during trading hours on Friday. $78.30 million flowed into the stock on the tick-up and $97.23 million flowed out of the stock on the tick-down, for a money net flow of $18.93 million out of the stock. Of all stocks tracked, Cisco Systems had the 0th highest net out-flow for the day. Cisco Systems traded up $0.06 for the day and closed at $31.35

CSCO has been the topic of several recent analyst reports. 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. Citigroup Inc. reissued a “buy” rating and set a $30.00 target price on shares of Cisco Systems in a report on Friday, May 13th. Vetr cut Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $29.56 target price on the stock. in a report on Monday, May 16th. Wells Fargo & Co. reissued a “buy” rating on shares of Cisco Systems in a report on Wednesday, May 18th. Finally, Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Cisco Systems in a report on Thursday, May 19th. 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. The company presently has a consensus rating of “Buy” and an average price target of $31.84.

The firm has a market cap of $157.72 billion and a price-to-earnings ratio of 14.86. The firm’s 50 day moving average price is $30.58 and its 200-day moving average price is $28.43.

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

In related news, Director Carol Bartz sold 15,000 shares of the firm’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $31.25, for a total value of $468,750.00. Following the completion of the transaction, the director now owns 23,104 shares of the company’s stock, valued at $722,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Rebecca Jacoby sold 90,000 shares of the firm’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $28.97, for a total transaction of $2,607,300.00. Following the completion of the transaction, the senior vice president now directly owns 318,730 shares of the company’s stock, valued at approximately $9,233,608.10. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have added to or reduced their stakes in CSCO. Vanguard Group Inc. increased its position in Cisco Systems by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 301,463,407 shares of the network equipment provider’s stock worth $8,186,239,000 after buying an additional 6,597,497 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Cisco Systems by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 32,258,594 shares of the network equipment provider’s stock worth $876,088,000 after buying an additional 1,121,239 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. boosted its stake in shares of Cisco Systems by 1.7% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 7,780,402 shares of the network equipment provider’s stock worth $214,194,000 after buying an additional 132,489 shares in the last quarter. Atlantic Trust Group LLC boosted its stake in shares of Cisco Systems by 1.7% in the fourth quarter. Atlantic Trust Group LLC now owns 4,519,548 shares of the network equipment provider’s stock worth $122,729,000 after buying an additional 77,069 shares in the last quarter. Finally, Winton Capital Group Ltd boosted its stake in shares of Cisco Systems by 6.1% in the fourth quarter. Winton Capital Group Ltd now owns 3,875,925 shares of the network equipment provider’s stock worth $105,251,000 after buying an additional 223,107 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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