Cisco Systems, Inc. (NASDAQ:CSCO) has been assigned a $38.00 target price by investment analysts at Robert W. Baird in a research note issued to investors on Monday. The firm currently has a “buy” rating on the network equipment provider’s stock. Robert W. Baird’s price target indicates a potential upside of 19.50% from the stock’s current price.

CSCO has been the subject of several other research reports. Jefferies Group LLC reissued a “buy” rating and issued a $37.00 price target on shares of Cisco Systems in a research note on Friday, May 26th. William Blair reaffirmed an “outperform” rating on shares of Cisco Systems in a research note on Monday, July 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $36.00 target price (down previously from $37.00) on shares of Cisco Systems in a research note on Friday, May 12th. Zacks Investment Research cut Cisco Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $42.00 target price on shares of Cisco Systems in a research note on Monday, April 10th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $35.31.

Cisco Systems (CSCO) opened at 31.80 on Monday. Cisco Systems has a one year low of $29.12 and a one year high of $34.60. The firm’s 50-day moving average price is $31.58 and its 200-day moving average price is $32.49. The company has a market cap of $159.00 billion, a PE ratio of 16.14 and a beta of 1.24.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, May 17th. The network equipment provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. The company 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%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 earnings per share. On average, equities research analysts forecast that Cisco Systems will post $2.38 earnings per share for the current fiscal year.

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In other news, SVP Karen Walker sold 7,802 shares of Cisco Systems stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 178,577 shares in the company, valued at $5,587,674.33. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John T. Chambers sold 295,537 shares of Cisco Systems stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $31.52, for a total value of $9,315,326.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 396,179 shares of company stock valued at $12,503,407. 0.11% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Southeast Asset Advisors Inc. boosted its position in shares of Cisco Systems by 0.5% in the first quarter. Southeast Asset Advisors Inc. now owns 9,233 shares of the network equipment provider’s stock valued at $312,000 after buying an additional 44 shares during the period. Ronald Blue & Co. LLC boosted its position in shares of Cisco Systems by 0.3% in the second quarter. Ronald Blue & Co. LLC now owns 17,912 shares of the network equipment provider’s stock valued at $561,000 after buying an additional 57 shares during the period. Banced Corp boosted its position in shares of Cisco Systems by 0.4% in the second quarter. Banced Corp now owns 14,143 shares of the network equipment provider’s stock valued at $442,000 after buying an additional 59 shares during the period. Delta Asset Management LLC TN boosted its position in shares of Cisco Systems by 0.4% in the second quarter. Delta Asset Management LLC TN now owns 17,489 shares of the network equipment provider’s stock valued at $547,000 after buying an additional 72 shares during the period. Finally, Telemus Capital LLC boosted its position in shares of Cisco Systems by 0.6% in the second quarter. Telemus Capital LLC now owns 12,235 shares of the network equipment provider’s stock valued at $383,000 after buying an additional 72 shares during the period. Institutional investors own 75.40% of the company’s stock.

About Cisco Systems

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).

Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

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