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

A number of analysts recently issued reports on the company. Credit Suisse Group AG reissued a “sell” rating and set a $24.00 target price (up from $22.00) on shares of Cisco Systems in a research note on Saturday, May 14th. They noted that the move was a valuation call. Drexel Hamilton reissued a “buy” rating and set a $36.00 target price (up from $34.00) on shares of Cisco Systems in a research note on Saturday, May 14th. Sanford C. Bernstein reissued a “buy” rating on shares of Cisco Systems in a research note on Sunday, May 22nd. RBC Capital Markets reaffirmed an “outperform” rating and set a $35.00 price target on shares of Cisco Systems in a research report on Sunday. Finally, Vetr downgraded Cisco Systems from a “buy” rating to a “hold” rating and set a $32.71 price target for the company. in a research report on Monday. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-three have given a buy rating to the company. Cisco Systems has an average rating of “Buy” and a consensus price target of $31.80.

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

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data 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. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The company had revenue of $12.60 billion for the quarter, compared to the consensus estimate of $12.57 billion. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities research analysts predict that Cisco Systems Inc. will post $2.43 EPS for the current year.

In related news, insider John T. Chambers sold 541,666 shares of the business’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $31.08, for a total transaction of $16,834,979.28. Following the sale, the insider now directly owns 2,008,697 shares in the company, valued at approximately $62,430,302.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven M. West sold 15,000 shares of the business’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $30.20, for a total value of $453,000.00. Following the sale, the director now owns 26,804 shares in the company, valued at $809,480.80. The disclosure for this sale can be found here.

Several hedge funds recently added to or reduced their stakes in the stock. First Houston Capital Inc. raised its stake in Cisco Systems by 28.6% in the fourth quarter. First Houston Capital Inc. now owns 61,800 shares of the network equipment provider’s stock worth $1,678,000 after buying an additional 13,750 shares during the last quarter. Wilkins Investment Counsel Inc. raised its stake in Cisco Systems by 2.5% in the fourth quarter. Wilkins Investment Counsel Inc. now owns 72,970 shares of the network equipment provider’s stock worth $1,982,000 after buying an additional 1,800 shares during the last quarter. Renaissance Group LLC raised its stake in Cisco Systems by 0.3% in the fourth quarter. Renaissance Group LLC now owns 86,484 shares of the network equipment provider’s stock worth $2,348,000 after buying an additional 287 shares during the last quarter. Bailard Inc. raised its stake in 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, Apriem Advisors raised its stake in Cisco Systems by 0.4% in the fourth quarter. Apriem Advisors now owns 137,325 shares of the network equipment provider’s stock worth $3,729,000 after buying an additional 561 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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