Traders sold shares of Cisco Systems, Inc. (NASDAQ:CSCO) on strength during trading hours 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 equities tracked, Cisco Systems had the 0th 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 recently weighed in on the company. Citigroup Inc. set a $36.00 target price on Cisco Systems and gave the company a “buy” rating in a research note on Friday, May 19th. Sanford C. Bernstein set a $38.00 target price on Cisco Systems and gave the company a “buy” rating in a research note on Saturday, July 1st. Berenberg Bank set a $33.00 target price on Cisco Systems and gave the company a “hold” rating in a research note on Saturday, July 1st. Stifel Nicolaus set a $34.00 target price on Cisco Systems and gave the company a “hold” rating in a research note on Tuesday, August 15th. Finally, JMP Securities restated a “market perform” rating on shares of Cisco Systems in a research note on Friday, August 18th. Fourteen analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $35.54.

The company has a market cap of $158.58 billion, a PE ratio of 16.72 and a beta of 1.19. The firm has a 50-day moving average of $31.60 and a 200-day moving average of $32.54.

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

In other news, SVP Rebecca Jacoby sold 92,840 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $31.71, for a total value of $2,943,956.40. Following the transaction, the senior vice president now owns 271,725 shares in the company, valued at $8,616,399.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John T. Chambers sold 250,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 729,305 shares in the company, valued at approximately $22,710,557.70. The disclosure for this sale can be found here. Insiders sold 350,642 shares of company stock worth $10,973,081 in the last 90 days. Corporate insiders own 0.11% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Boston Partners increased its position in shares of Cisco Systems by 304.2% during the first quarter. Boston Partners now owns 30,563,666 shares of the network equipment provider’s stock valued at $1,033,052,000 after acquiring an additional 23,002,159 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Cisco Systems by 2.2% during the second quarter. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider’s stock valued at $11,021,378,000 after acquiring an additional 7,411,891 shares during the last quarter. American Century Companies Inc. increased its position in shares of Cisco Systems by 54.2% during the second quarter. American Century Companies Inc. now owns 14,362,422 shares of the network equipment provider’s stock valued at $449,544,000 after acquiring an additional 5,049,326 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Cisco Systems by 51.1% during the second quarter. Janus Henderson Group PLC now owns 13,528,059 shares of the network equipment provider’s stock valued at $423,475,000 after acquiring an additional 4,577,831 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in shares of Cisco Systems by 36.1% during the second quarter. Parametric Portfolio Associates LLC now owns 13,415,432 shares of the network equipment provider’s stock valued at $419,903,000 after acquiring an additional 3,559,275 shares during the last quarter. Institutional investors own 74.70% of the company’s stock.

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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).

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