Investors purchased shares of Cisco Systems Inc. (NASDAQ:CSCO) on weakness during trading on Wednesday. $170.58 million flowed into the stock on the tick-up and $75.23 million flowed out of the stock on the tick-down, for a money net flow of $95.35 million into the stock. Of all companies tracked, Cisco Systems had the 10th highest net in-flow for the day. Cisco Systems traded down ($0.10) for the day and closed at $31.44

Several equities research analysts recently commented on CSCO shares. Vetr lowered shares of Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $29.92 price objective on the stock. in a research report on Tuesday, May 10th. Citigroup Inc. reiterated a “buy” rating and issued a $30.00 price objective on shares of Cisco Systems in a research report on Friday, May 13th. Drexel Hamilton reiterated a “buy” rating and issued a $36.00 price objective (up from $34.00) on shares of Cisco Systems in a research report on Saturday, May 14th. Robert W. Baird reiterated a “buy” rating and issued a $32.00 price objective (up from $30.00) on shares of Cisco Systems in a research report on Thursday, May 19th. Finally, Jefferies Group upped their target price on shares of Cisco Systems from $27.50 to $30.75 and gave the company a “buy” rating in a report on Thursday, May 19th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $31.87.

The stock has a 50-day moving average price of $30.75 and a 200-day moving average price of $28.63. The stock has a market cap of $158.17 billion and a PE ratio of 14.90.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, August 17th. The network equipment provider reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.03. During the same period in the prior year, the firm earned $0.59 EPS. The company earned $12.60 billion during the quarter, compared to analyst estimates of $12.57 billion. Cisco Systems’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts anticipate 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 business’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $31.25, for a total value of $468,750.00. Following the sale, the director now owns 23,104 shares of the company’s stock, valued at approximately $722,000. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Karen Walker sold 7,802 shares of the business’s stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $28.50, for a total value of $222,357.00. Following the completion of the sale, the chief marketing officer now directly owns 175,250 shares in the company, valued at approximately $4,994,625. The disclosure for this sale can be found here.

A number of hedge funds recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of 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 valued at $8,186,239,000 after buying an additional 6,597,497 shares in the last quarter. Dimensional Fund Advisors LP raised its position in 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. raised its position in 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 raised its position in 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, Fort Washington Investment Advisors Inc. OH raised its position in Cisco Systems by 2.2% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 3,146,229 shares of the network equipment provider’s stock worth $85,451,000 after buying an additional 67,036 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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