Traders sold shares of Cisco Systems, Inc. (NASDAQ:CSCO) on strength during trading hours on Wednesday. $107.00 million flowed into the stock on the tick-up and $224.29 million flowed out of the stock on the tick-down, for a money net flow of $117.29 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 $0.66 for the day and closed at $41.20

Several analysts have weighed in on CSCO shares. Oppenheimer reiterated a “buy” rating and issued a $36.00 price objective on shares of Cisco Systems in a research report on Tuesday, October 31st. Vetr downgraded Cisco Systems from a “buy” rating to a “hold” rating and set a $35.78 price objective for the company. in a research report on Friday, November 17th. Cowen reiterated a “buy” rating on shares of Cisco Systems in a research report on Friday, November 17th. Deutsche Bank reiterated a “buy” rating and issued a $45.00 price objective (up previously from $40.00) on shares of Cisco Systems in a research report on Thursday, November 16th. Finally, Royal Bank of Canada upped their target price on Cisco Systems to $40.00 and gave the company an “outperform” rating in a report on Thursday, November 16th. Thirteen equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $38.80.

The company has a quick ratio of 2.81, a current ratio of 2.87 and a debt-to-equity ratio of 0.39. The company has a market cap of $204,590.00, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 3.73 and a beta of 1.19.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.16 annualized dividend and a yield of 2.81%. Cisco Systems’s payout ratio is presently 60.10%.

In other Cisco Systems news, Director Roderick C. Mcgeary sold 15,230 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $38.00, for a total transaction of $578,740.00. Following the sale, the director now owns 113,154 shares in the company, valued at approximately $4,299,852. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Prat Bhatt sold 2,606 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total value of $95,092.94. Following the completion of the transaction, the chief accounting officer now directly owns 89,184 shares of the company’s stock, valued at approximately $3,254,324.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 348,643 shares of company stock worth $12,892,271. Company insiders own 0.05% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Opes Advisors Inc raised its holdings in shares of Cisco Systems by 0.6% during the second 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 last quarter. Leisure Capital Management raised its holdings in shares of Cisco Systems by 0.6% during the second 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 last quarter. Ronald Blue & Co. LLC raised its holdings in shares of Cisco Systems by 0.3% during the second 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 last quarter. Banced Corp raised its holdings in shares of Cisco Systems by 0.4% during the second 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 last quarter. Finally, GM Advisory Group Inc. raised its holdings in shares of Cisco Systems by 0.3% during the second quarter. GM Advisory Group Inc. now owns 19,548 shares of the network equipment provider’s stock valued at $612,000 after acquiring an additional 61 shares during the last quarter. 75.60% of the stock is owned by institutional investors and hedge funds.

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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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