Cisco Systems Inc. (NASDAQ:CSCO)‘s stock had its “outperform” rating reissued by stock analysts at Wells Fargo & Co. in a research note issued on Monday. They presently have a $36.50 target price on the network equipment provider’s stock, up from their prior target price of $34.00. Wells Fargo & Co.’s price target suggests a potential upside of 17.36% from the stock’s current price.

A number of other equities research analysts also recently issued reports on CSCO. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Cisco Systems in a research report on Sunday, May 22nd. Zacks Investment Research raised shares of Cisco Systems from a “sell” rating to a “hold” rating in a research report on Monday, May 23rd. Vetr downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $28.75 target price for the company. in a research report on Monday, May 23rd. Oppenheimer Holdings Inc. reissued a “buy” rating and set a $30.00 target price on shares of Cisco Systems in a research report on Monday, June 6th. Finally, Credit Suisse Group AG reissued a “sell” rating on shares of Cisco Systems in a research report on Wednesday, June 8th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $32.11.

Cisco Systems (NASDAQ:CSCO) opened at 31.10 on Monday. The firm has a market capitalization of $155.95 billion, a P/E ratio of 14.74 and a beta of 1.37. Cisco Systems has a 12 month low of $22.46 and a 12 month high of $31.95. The firm’s 50-day moving average is $31.11 and its 200 day moving average is $29.10.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 17th. The network equipment provider reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. Cisco Systems had a net margin of 21.81% and a return on equity of 17.64%. The business earned $12.60 billion during the quarter, compared to the consensus estimate of $12.57 billion. During the same period in the prior year, the firm posted $0.59 EPS. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, analysts expect that Cisco Systems will post $2.43 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be given a dividend of $0.26 per share. The ex-dividend date is Monday, October 3rd. This represents a $1.04 annualized dividend and a yield of 3.34%. Cisco Systems’s dividend payout ratio (DPR) is 49.06%.

In related news, EVP Pankaj Patel sold 9,891 shares of the business’s stock in a transaction that occurred on Thursday, June 23rd. The shares were sold at an average price of $29.03, for a total transaction of $287,135.73. Following the completion of the sale, the executive vice president now directly owns 356,307 shares in the company, valued at $10,343,592.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven M. West sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $30.20, for a total transaction of $453,000.00. Following the sale, the director now owns 26,804 shares of the company’s stock, valued at $809,480.80. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Riggs Asset Managment Co. Inc. raised its stake in shares of Cisco Systems by 6.7% in the second quarter. Riggs Asset Managment Co. Inc. now owns 3,570 shares of the network equipment provider’s stock valued at $102,000 after buying an additional 225 shares during the period. Lenox Wealth Management Inc. raised its position in Cisco Systems by 35.0% in the second quarter. Lenox Wealth Management Inc. now owns 3,835 shares of the network equipment provider’s stock worth $110,000 after buying an additional 995 shares during the last quarter. Global X Management Co. LLC raised its position in Cisco Systems by 101.9% in the second quarter. Global X Management Co. LLC now owns 4,244 shares of the network equipment provider’s stock worth $122,000 after buying an additional 2,142 shares during the last quarter. Financial Management Professionals Inc. raised its position in Cisco Systems by 25.7% in the second quarter. Financial Management Professionals Inc. now owns 4,389 shares of the network equipment provider’s stock worth $125,000 after buying an additional 896 shares during the last quarter. Finally, Mercer Capital Advisers Inc. raised its position in Cisco Systems by 0.7% in the second quarter. Mercer Capital Advisers Inc. now owns 4,760 shares of the network equipment provider’s stock worth $137,000 after buying an additional 35 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

Cisco Systems Company Profile

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.

5 Day Chart for NASDAQ:CSCO

Receive News & Ratings for Cisco Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.