Investors sold shares of Cisco Systems Inc. (NASDAQ:CSCO) on strength during trading hours on Friday. $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

CSCO has been the topic of several recent research reports. Jefferies Group reiterated a “buy” rating and issued a $35.00 price objective on shares of Cisco Systems in a research report on Monday, August 29th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $34.00 target price (up from $30.00) on shares of Cisco Systems in a report on Friday, August 5th. Argus upped their target price on shares of Cisco Systems from $34.00 to $37.00 and gave the company a “buy” rating in a report on Friday, August 19th. Vetr lowered shares of Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $29.92 target price on the stock. in a report on Tuesday, May 10th. Finally, Drexel Hamilton restated a “buy” rating and issued a $36.00 target price on shares of Cisco Systems in a report on Saturday, June 25th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty-three have given a buy rating to the stock. Cisco Systems currently has a consensus rating of “Buy” and a consensus target price of $31.80.

The company has a 50-day moving average of $30.86 and a 200 day moving average of $28.67. The company has a market cap of $160.14 billion and a PE ratio of 15.09.

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

In other Cisco Systems news, 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 transaction of $222,357.00. Following the sale, the chief marketing officer now owns 175,250 shares of the company’s stock, valued at approximately $4,994,625. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carol Bartz sold 15,000 shares of the business’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 sale, the director now directly owns 23,104 shares in the company, 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. Vanguard Group Inc. boosted 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 valued at $8,186,239,000 after buying an additional 6,597,497 shares during the last quarter. Dimensional Fund Advisors LP boosted 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 valued at $876,088,000 after buying an additional 1,121,239 shares during the last quarter. Madison Investment Holdings Inc. boosted 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 during the last quarter. Mizuho Trust & Banking Co. Ltd. boosted 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 during the last quarter. Finally, Atlantic Trust Group LLC boosted 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 valued at $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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