Investors sold shares of Cisco Systems, Inc. (NASDAQ:CSCO) on strength during trading hours on Tuesday. $70.91 million flowed into the stock on the tick-up and $117.46 million flowed out of the stock on the tick-down, for a money net flow of $46.55 million out of the stock. Of all equities tracked, Cisco Systems had the 26th highest net out-flow for the day. Cisco Systems traded up $0.26 for the day and closed at $32.12

Several research firms have recently commented on CSCO. Citigroup Inc. set a $36.00 price objective on shares of Cisco Systems and gave the company a “buy” rating in a report on Friday, May 19th. Sanford C. Bernstein set a $38.00 price objective on shares of Cisco Systems and gave the company a “buy” rating in a report on Saturday, July 1st. Berenberg Bank set a $33.00 price objective on shares of Cisco Systems and gave the company a “hold” rating in a report on Saturday, July 1st. Vetr downgraded shares of Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $37.03 price objective on the stock. in a report on Wednesday, April 26th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $37.00 price objective on shares of Cisco Systems in a report on Wednesday, April 26th. Thirteen investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Cisco Systems presently has an average rating of “Buy” and a consensus target price of $35.31.

The firm’s 50 day moving average is $31.56 and its 200 day moving average is $32.43. The stock has a market cap of $160.60 billion, a PE ratio of 16.30 and a beta of 1.24.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, May 17th. The network equipment provider reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. The firm had revenue of $11.94 billion during the quarter, compared to analysts’ expectations of $11.90 billion. Cisco Systems had a return on equity of 17.31% and a net margin of 20.61%. Cisco Systems’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 EPS. Equities analysts forecast that Cisco Systems, Inc. will post $2.38 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 26th. Shareholders of record on Friday, July 7th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Wednesday, July 5th. Cisco Systems’s dividend payout ratio is presently 58.29%.

In other Cisco Systems news, SVP Karen Walker sold 7,802 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $31.29, for a total value of $244,124.58. Following the transaction, the senior vice president now directly owns 178,577 shares of the company’s stock, valued at approximately $5,587,674.33. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Rebecca Jacoby sold 92,840 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $31.71, for a total value of $2,943,956.40. Following the completion of the transaction, the senior vice president now directly owns 271,725 shares in the company, valued at $8,616,399.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 396,179 shares of company stock valued at $12,503,407. 0.11% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in CSCO. Marietta Wealth Management LLC acquired a new position in shares of Cisco Systems during the fourth quarter worth about $672,000. Ativo Capital Management LLC raised its position in shares of Cisco Systems by 102.3% in the fourth quarter. Ativo Capital Management LLC now owns 110,245 shares of the network equipment provider’s stock worth $3,332,000 after buying an additional 55,744 shares during the last quarter. Ally Financial Inc. acquired a new position in shares of Cisco Systems during the fourth quarter worth about $3,626,000. Greenwood Capital Associates LLC raised its position in shares of Cisco Systems by 2.3% in the fourth quarter. Greenwood Capital Associates LLC now owns 127,632 shares of the network equipment provider’s stock worth $3,857,000 after buying an additional 2,904 shares during the last quarter. Finally, Azimuth Capital Management LLC raised its position in shares of Cisco Systems by 2.3% in the fourth quarter. Azimuth Capital Management LLC now owns 454,959 shares of the network equipment provider’s stock worth $13,749,000 after buying an additional 10,443 shares during the last quarter. 75.39% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “Traders Sell Shares of Cisco Systems, Inc. (NASDAQ:CSCO) on Strength (NASDAQ:CSCO)” was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The original version of this piece of content can be read at https://www.dailypolitical.com/2017/07/25/traders-sell-shares-of-cisco-systems-inc-nasdaqcsco-on-strength-nasdaqcsco.html.

Cisco Systems Company Profile

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

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.