Traders bought shares of Cisco Systems, Inc. (NASDAQ:CSCO) on weakness during trading hours on Thursday. $68.59 million flowed into the stock on the tick-up and $43.01 million flowed out of the stock on the tick-down, for a money net flow of $25.58 million into the stock. Of all stocks tracked, Cisco Systems had the 16th highest net in-flow for the day. Cisco Systems traded down ($0.11) for the day and closed at $31.76

Several research analysts have commented on the company. Robert W. Baird restated a “buy” rating on shares of Cisco Systems in a report on Thursday, May 18th. Drexel Hamilton restated a “buy” rating and set a $40.00 price objective on shares of Cisco Systems in a report on Tuesday, May 23rd. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $36.00 price objective on shares of Cisco Systems in a report on Monday, June 26th. Vetr upgraded Cisco Systems from a “hold” rating to a “buy” rating and set a $35.02 price objective on the stock in a report on Wednesday. Finally, Piper Jaffray Companies restated a “buy” rating and set a $36.00 price objective on shares of Cisco Systems in a report on Thursday, August 17th. Fourteen analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $35.54.

The firm’s 50-day moving average is $31.60 and its 200 day moving average is $32.54. The firm has a market capitalization of $158.58 billion, a PE ratio of 16.72 and a beta of 1.19.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, August 16th. The network equipment provider reported $0.61 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.61. The firm had revenue of $12.13 billion during the quarter, compared to the consensus estimate of $12.07 billion. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 earnings per share. Equities research analysts forecast that Cisco Systems, Inc. will post $2.43 earnings per share for the current year.

In related news, SVP Rebecca Jacoby sold 92,840 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now owns 271,725 shares in the company, valued at $8,616,399.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Karen Walker sold 7,802 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $31.29, for a total transaction of $244,124.58. Following the completion of the sale, the senior vice president now owns 178,577 shares of the company’s stock, valued at approximately $5,587,674.33. The disclosure for this sale can be found here. In the last 90 days, insiders sold 350,642 shares of company stock valued at $10,973,081. 0.11% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of CSCO. Barnett & Company Inc. lifted its position in shares of Cisco Systems by 1,511.5% during the 2nd quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock valued at $101,000 after acquiring an additional 3,023 shares during the period. Tortoise Investment Management LLC lifted its position in shares of Cisco Systems by 36.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock valued at $104,000 after acquiring an additional 878 shares during the period. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Cisco Systems during the 2nd quarter valued at approximately $104,000. Grove Bank & Trust lifted its position in shares of Cisco Systems by 141.3% during the 2nd quarter. Grove Bank & Trust now owns 3,620 shares of the network equipment provider’s stock valued at $113,000 after acquiring an additional 2,120 shares during the period. Finally, Manchester Capital Management LLC lifted its position in shares of Cisco Systems by 10.7% during the 2nd quarter. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider’s stock valued at $113,000 after acquiring an additional 350 shares during the period. Institutional investors own 74.70% of the company’s stock.

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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).

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