Traders sold shares of Cisco Systems Inc. (NASDAQ:CSCO) on strength during trading on Thursday. $51.08 million flowed into the stock on the tick-up and $66.07 million flowed out of the stock on the tick-down, for a money net flow of $14.99 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 $0.14 for the day and closed at $31.58

A number of research analysts have recently commented on CSCO shares. Vetr cut Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $29.56 price target for the company. in a research note on Monday, May 16th. Drexel Hamilton reiterated a “buy” rating and issued a $36.00 price target (up from $34.00) on shares of Cisco Systems in a research note on Saturday, May 14th. Citigroup Inc. reiterated a “buy” rating and issued a $30.00 price target on shares of Cisco Systems in a research note on Friday, May 13th. Robert W. Baird reiterated a “buy” rating and issued a $32.00 price target (up from $30.00) on shares of Cisco Systems in a research note on Thursday, May 19th. Finally, Jefferies Group increased their price target on Cisco Systems from $27.50 to $30.75 and gave the company a “buy” rating in a research note on Thursday, May 19th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $31.80.

The company has a market cap of $160.14 billion and a P/E ratio of 15.09. The stock’s 50-day moving average is $30.86 and its 200 day moving average is $28.67.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, August 17th. The network equipment provider reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The company had revenue of $12.60 billion for the quarter, compared to analysts’ expectations of $12.57 billion. The business’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 earnings per share. On average, equities analysts forecast that Cisco Systems Inc. will post $2.43 EPS for the current fiscal 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 transaction 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 $722,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Karen Walker sold 7,802 shares of the firm’s stock in a transaction on Wednesday, June 15th. The shares were 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 $4,994,625. The disclosure for this sale can be found here.

Several institutional investors have modified their holdings of CSCO. Madison Investment Holdings Inc. boosted its position in shares of 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 worth $23,365,000 after buying an additional 217,955 shares during the last quarter. MUFG Americas Holdings Corp boosted its position in shares of Cisco Systems by 2.1% in the fourth quarter. MUFG Americas Holdings Corp now owns 608,520 shares of the network equipment provider’s stock worth $16,525,000 after buying an additional 12,741 shares during the last quarter. Usca Ria LLC boosted its position in shares of Cisco Systems by 7.1% in the fourth quarter. Usca Ria LLC now owns 264,655 shares of the network equipment provider’s stock worth $7,187,000 after buying an additional 17,515 shares during the last quarter. Bailard Inc. boosted its position in shares of Cisco Systems by 40.2% in the fourth quarter. Bailard Inc. now owns 117,170 shares of the network equipment provider’s stock worth $3,182,000 after buying an additional 33,568 shares during the last quarter. Finally, Atlantic Trust Group LLC boosted its position 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 during 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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