Cisco Systems (NASDAQ:CSCO) had its target price lifted by investment analysts at Barclays from $37.00 to $45.00 in a report issued on Wednesday. The brokerage presently has an “overweight” rating on the network equipment provider’s stock. Barclays’ target price would indicate a potential upside of 8.99% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Oppenheimer restated a “buy” rating and set a $36.00 price target on shares of Cisco Systems in a research report on Friday, October 20th. ValuEngine upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Jefferies Group restated a “buy” rating and set a $37.00 price target on shares of Cisco Systems in a research report on Friday, October 6th. Piper Jaffray Companies restated a “buy” rating and set a $36.00 price target on shares of Cisco Systems in a research report on Thursday, October 12th. Finally, KeyCorp set a $33.00 price target on shares of Cisco Systems and gave the company a “buy” rating in a research report on Wednesday, October 11th. Thirteen analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $38.80.

Shares of Cisco Systems (CSCO) traded down $0.01 during mid-day trading on Wednesday, hitting $41.29. 24,469,262 shares of the stock traded hands, compared to its average volume of 19,720,000. The stock has a market capitalization of $204,120.00, a P/E ratio of 21.39, a P/E/G ratio of 3.73 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87. Cisco Systems has a 52 week low of $29.92 and a 52 week high of $41.52.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The company had revenue of $12.14 billion during the quarter, compared to the consensus estimate of $12.11 billion. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.61 earnings per share. equities research analysts predict that Cisco Systems will post 2.21 earnings per share for the current year.

In other Cisco Systems news, insider John T. Chambers sold 250,000 shares of Cisco Systems stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $36.50, for a total transaction of $9,125,000.00. Following the transaction, the insider now directly owns 712,736 shares of the company’s stock, valued at $26,014,864. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Karen Walker sold 5,786 shares of Cisco Systems stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total transaction of $211,131.14. Following the transaction, the senior vice president now directly owns 176,418 shares in the company, valued at $6,437,492.82. The disclosure for this sale can be found here. Insiders sold 348,643 shares of company stock worth $12,892,271 over the last ninety days. 0.05% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of CSCO. Opes Advisors Inc grew its holdings in shares of Cisco Systems by 0.6% in the second quarter. Opes Advisors Inc now owns 7,475 shares of the network equipment provider’s stock worth $236,000 after purchasing an additional 44 shares during the last quarter. Leisure Capital Management grew its holdings in shares of Cisco Systems by 0.6% in the second quarter. Leisure Capital Management now owns 7,454 shares of the network equipment provider’s stock worth $233,000 after purchasing an additional 48 shares during the last quarter. Ronald Blue & Co. LLC grew its holdings 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 worth $561,000 after purchasing an additional 57 shares during the last quarter. Banced Corp grew its holdings 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 worth $442,000 after purchasing an additional 59 shares during the last quarter. Finally, GM Advisory Group Inc. grew its holdings in shares of Cisco Systems by 0.3% in the second quarter. GM Advisory Group Inc. now owns 19,548 shares of the network equipment provider’s stock worth $612,000 after purchasing an additional 61 shares during the last quarter. 75.60% of the stock is currently owned by hedge funds and other institutional investors.

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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).

Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

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