Investors purchased shares of Cisco Systems Inc. (NASDAQ:CSCO) on weakness during trading hours on Thursday. $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 equities 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

A number of analysts have recently weighed in on the stock. Jefferies Group reaffirmed a “buy” rating and issued a $35.00 price target on shares of Cisco Systems in a research note on Monday, August 29th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $34.00 price target (up from $30.00) on shares of Cisco Systems in a research note on Friday, August 5th. Argus upped their price target on shares of Cisco Systems from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, August 19th. Vetr lowered shares of Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $29.92 price target for the company. in a research note on Tuesday, May 10th. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $36.00 price target on shares of Cisco Systems in a research note on Saturday, June 25th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty-three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $31.80.

The company has a market cap of $160.14 billion and a PE ratio of 15.09. The firm’s 50-day moving average price is $30.86 and its 200 day moving average price is $28.67.

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

In other news, insider John T. Chambers sold 541,666 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $31.08, for a total value of $16,834,979.28. Following the completion of the transaction, the insider now owns 2,008,697 shares of the company’s stock, valued at $62,430,302.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carol Bartz sold 15,000 shares of the company’s stock in a transaction that occurred 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 directly owns 23,104 shares of the company’s stock, valued at approximately $722,000. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC increased its position in Cisco Systems by 0.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 626,248 shares of the network equipment provider’s stock valued at $17,006,000 after buying an additional 1,845 shares in the last quarter. Gulf International Bank UK Ltd increased its position in Cisco Systems by 2.6% in the fourth quarter. Gulf International Bank UK Ltd now owns 1,511,662 shares of the network equipment provider’s stock valued at $41,049,000 after buying an additional 38,600 shares in the last quarter. LS Investment Advisors LLC increased its position in Cisco Systems by 8.6% in the fourth quarter. LS Investment Advisors LLC now owns 156,307 shares of the network equipment provider’s stock valued at $4,245,000 after buying an additional 12,329 shares in the last quarter. Madison Investment Holdings Inc. increased its position in Cisco Systems by 33.9% in the fourth quarter. Madison Investment Holdings Inc. now owns 860,432 shares of the network equipment provider’s stock valued at $23,365,000 after buying an additional 217,955 shares in the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. increased 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 valued at $214,194,000 after buying an additional 132,489 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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