Investors sold shares of Cisco Systems, Inc. (NASDAQ:CSCO) on strength during trading on Wednesday. $4.59 million flowed into the stock on the tick-up and $13.50 million flowed out of the stock on the tick-down, for a money net flow of $8.91 million out of the stock. Of all stocks tracked, Cisco Systems had the 8th highest net out-flow for the day. Cisco Systems traded up $0.10 for the day and closed at $31.72

A number of analysts have issued reports on the stock. Berenberg Bank set a $33.00 price target on shares of Cisco Systems and gave the stock a “hold” rating in a research note on Saturday, July 1st. Vetr lowered shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 price target on the stock. in a research note on Wednesday, August 30th. Sanford C. Bernstein set a $38.00 price target on shares of Cisco Systems and gave the stock a “buy” rating in a research note on Saturday, July 1st. Credit Suisse Group reiterated a “buy” rating on shares of Cisco Systems in a research note on Thursday, August 10th. Finally, Stifel Nicolaus set a $34.00 price target on shares of Cisco Systems and gave the stock a “hold” rating in a research note on Tuesday, August 15th. Fourteen analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $35.54.

The firm has a market capitalization of $159.13 billion, a PE ratio of 16.77 and a beta of 1.19. The stock has a 50-day moving average of $31.59 and a 200-day moving average of $32.55.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share for the quarter, meeting the consensus estimate of $0.61. The firm had revenue of $12.13 billion for the quarter, compared to the consensus estimate of $12.07 billion. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 EPS. On average, equities analysts expect that Cisco Systems, Inc. will post $2.43 EPS for the current fiscal year.

In other Cisco Systems 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 transaction of $244,124.58. Following the sale, the senior vice president now owns 178,577 shares of the company’s stock, valued at approximately $5,587,674.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John T. Chambers sold 250,000 shares of Cisco Systems stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $31.14, for a total value of $7,785,000.00. Following the sale, the insider now directly owns 729,305 shares in the company, valued at approximately $22,710,557.70. The disclosure for this sale can be found here. Insiders have sold a total of 350,642 shares of company stock worth $10,973,081 in the last ninety days. 0.11% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in CSCO. New England Research & Management Inc. raised its stake in shares of Cisco Systems by 18.4% in the 1st quarter. New England Research & Management Inc. now owns 66,797 shares of the network equipment provider’s stock worth $2,258,000 after buying an additional 10,397 shares in the last quarter. Weaver C. Barksdale & Associates Inc. raised its stake in shares of Cisco Systems by 31.4% in the 1st quarter. Weaver C. Barksdale & Associates Inc. now owns 42,365 shares of the network equipment provider’s stock worth $1,432,000 after buying an additional 10,130 shares in the last quarter. Raymond James Trust N.A. raised its stake in shares of Cisco Systems by 2.6% in the 1st quarter. Raymond James Trust N.A. now owns 400,426 shares of the network equipment provider’s stock worth $13,534,000 after buying an additional 10,257 shares in the last quarter. Charter Trust Co. raised its stake in shares of Cisco Systems by 0.5% in the 1st quarter. Charter Trust Co. now owns 103,949 shares of the network equipment provider’s stock worth $3,514,000 after buying an additional 471 shares in the last quarter. Finally, Grubman Wealth Management bought a new stake in shares of Cisco Systems in the 1st quarter worth $237,000. 74.70% of the stock is currently owned by hedge funds and other institutional investors.

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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).