Robert W. Baird reiterated their buy rating on shares of Cisco Systems, Inc. (NASDAQ:CSCO) in a research report sent to investors on Friday. Robert W. Baird currently has a $38.00 price target on the network equipment provider’s stock.

Several other brokerages also recently weighed in on CSCO. BMO Capital Markets restated a hold rating and issued a $32.00 target price on shares of Cisco Systems in a research note on Monday, October 23rd. Berenberg Bank restated a hold rating and issued a $33.00 target price on shares of Cisco Systems in a research note on Tuesday, October 24th. Needham & Company LLC restated a hold rating on shares of Cisco Systems in a research note on Tuesday, October 24th. Cowen and Company restated a buy rating and issued a $38.00 target price on shares of Cisco Systems in a research note on Friday, November 3rd. Finally, Oppenheimer Holdings, Inc. reiterated a buy rating and set a $36.00 price objective on shares of Cisco Systems in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-two have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $35.31.

Shares of Cisco Systems (CSCO) traded up $0.13 on Friday, reaching $34.08. 6,913,194 shares of the company’s stock traded hands, compared to its average volume of 19,953,471. The firm has a market capitalization of $168,860.00, a P/E ratio of 15.66, a price-to-earnings-growth ratio of 2.97 and a beta of 1.15. Cisco Systems has a 52 week low of $29.12 and a 52 week high of $34.75. The company has a current ratio of 3.03, a quick ratio of 2.98 and a debt-to-equity ratio of 0.39.

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 Thomson Reuters’ consensus estimate of $0.61. The company 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%. Cisco Systems’s revenue was down 4.0% compared to the same quarter last year. During the same period last year, the firm earned $0.63 earnings per share. research analysts anticipate that Cisco Systems will post 2.18 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Thursday, October 5th were issued a $0.29 dividend. The ex-dividend date was Wednesday, October 4th. This represents a $1.16 annualized dividend and a yield of 3.40%. Cisco Systems’s payout ratio is 61.05%.

In other news, CAO Prat Bhatt sold 25,638 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total value of $821,954.28. Following the sale, the chief accounting officer now directly owns 119,996 shares of the company’s stock, valued at approximately $3,847,071.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mark D. Chandler sold 65,000 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $32.43, for a total transaction of $2,107,950.00. The disclosure for this sale can be found here. Insiders sold a total of 485,138 shares of company stock worth $15,347,574 over the last quarter. 0.05% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Southeast Asset Advisors Inc. raised its stake in shares of Cisco Systems by 0.5% in the 1st quarter. Southeast Asset Advisors Inc. now owns 9,233 shares of the network equipment provider’s stock valued at $312,000 after acquiring an additional 44 shares during the period. Opes Advisors Inc raised its stake in shares of Cisco Systems by 0.6% in the 2nd quarter. Opes Advisors Inc now owns 7,475 shares of the network equipment provider’s stock valued at $236,000 after acquiring an additional 44 shares during the period. Leisure Capital Management raised its stake in shares of Cisco Systems by 0.6% in the 2nd quarter. Leisure Capital Management now owns 7,454 shares of the network equipment provider’s stock valued at $233,000 after acquiring an additional 48 shares during the period. Ronald Blue & Co. LLC raised its stake in shares of Cisco Systems by 0.3% in the 2nd quarter. Ronald Blue & Co. LLC now owns 17,912 shares of the network equipment provider’s stock valued at $561,000 after acquiring an additional 57 shares during the period. Finally, Banced Corp raised its stake in shares of Cisco Systems by 0.4% in the 2nd quarter. Banced Corp now owns 14,143 shares of the network equipment provider’s stock valued at $442,000 after acquiring an additional 59 shares during the period. 75.22% of the stock is currently owned by institutional investors and hedge funds.

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).

Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

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