Cisco Systems Inc. (NASDAQ:CSCO) had its price objective upped by investment analysts at Raymond James Financial Inc. from $32.00 to $34.00 in a research note issued to investors on Friday. The brokerage presently has an “outperform” rating on the network equipment provider’s stock. Raymond James Financial Inc.’s price objective points to a potential upside of 7.39% from the stock’s current price.

CSCO has been the subject of a number of other research reports. Oppenheimer Holdings Inc. restated a “buy” rating and issued a $30.00 price target on shares of Cisco Systems in a research report on Monday, June 6th. Vetr upgraded Cisco Systems from a “hold” rating to a “buy” rating and set a $30.77 price target for the company in a research report on Tuesday, June 7th. Credit Suisse Group AG restated a “sell” rating on shares of Cisco Systems in a research report on Wednesday, June 8th. JPMorgan Chase & Co. restated a “hold” rating on shares of Cisco Systems in a research report on Wednesday, June 8th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Cisco Systems in a research report on Friday, June 10th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. Cisco Systems has a consensus rating of “Buy” and a consensus price target of $32.33.

Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

Shares of Cisco Systems (NASDAQ:CSCO) traded down 0.995% on Friday, hitting $31.345. 11,892,604 shares of the stock traded hands. The firm’s 50 day moving average is $31.16 and its 200-day moving average is $29.13. Cisco Systems has a 12 month low of $22.46 and a 12 month high of $31.95. The company has a market cap of $157.17 billion, a PE ratio of 14.855 and a beta of 1.37.

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, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The firm earned $12.60 billion during the quarter, compared to analysts’ expectations of $12.57 billion. Cisco Systems had a return on equity of 17.64% and a net margin of 21.81%. Cisco Systems’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.59 earnings per share. Equities analysts predict that Cisco Systems will post $2.43 earnings per share for the current year.

The firm also recently declared 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. This represents a $1.04 annualized dividend and a yield of 3.28%. The ex-dividend date is Monday, October 3rd. Cisco Systems’s payout ratio is 49.06%.

In other Cisco Systems news, SVP Karen Walker sold 10,244 shares of the business’s stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $31.17, for a total value of $319,305.48. Following the transaction, the senior vice president now owns 138,625 shares in the company, valued at $4,320,941.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Charles Robbins sold 148,800 shares of the business’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $31.01, for a total value of $4,614,288.00. Following the completion of the transaction, the chief executive officer now owns 629,813 shares in the company, valued at approximately $19,530,501.13. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of CSCO. Iowa State Bank increased its position in shares of Cisco Systems by 0.5% in the first quarter. Iowa State Bank now owns 144,462 shares of the network equipment provider’s stock worth $4,113,000 after buying an additional 790 shares during the period. Creative Planning increased its position in shares of Cisco Systems by 0.3% in the first quarter. Creative Planning now owns 396,964 shares of the network equipment provider’s stock worth $11,301,000 after buying an additional 1,170 shares during the period. River & Mercantile Asset Management LLP increased its position in shares of Cisco Systems by 12.6% in the first quarter. River & Mercantile Asset Management LLP now owns 68,443 shares of the network equipment provider’s stock worth $1,948,000 after buying an additional 7,650 shares during the period. Union Bankshares Corp increased its position in shares of Cisco Systems by 13.2% in the first quarter. Union Bankshares Corp now owns 118,264 shares of the network equipment provider’s stock worth $3,367,000 after buying an additional 13,831 shares during the period. Finally, Eqis Capital Management Inc. increased its position in shares of Cisco Systems by 14.1% in the first quarter. Eqis Capital Management Inc. now owns 37,269 shares of the network equipment provider’s stock worth $1,061,000 after buying an additional 4,602 shares during the period. Hedge funds and other institutional investors own 74.77% of the company’s stock.

About Cisco Systems

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.