Investors bought shares of Cisco Systems, Inc. (NASDAQ:CSCO) on weakness during trading on Thursday. $284.76 million flowed into the stock on the tick-up and $159.08 million flowed out of the stock on the tick-down, for a money net flow of $125.68 million into the stock. Of all companies tracked, Cisco Systems had the 7th highest net in-flow for the day. Cisco Systems traded down ($1.57) for the day and closed at $38.77

Several brokerages have recently weighed in on CSCO. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $44.00 price target on shares of Cisco Systems in a research report on Wednesday, January 10th. Berenberg Bank reaffirmed a “hold” rating and issued a $33.00 price target on shares of Cisco Systems in a research report on Tuesday, October 24th. BMO Capital Markets reaffirmed a “hold” rating and issued a $32.00 price target on shares of Cisco Systems in a research report on Monday, October 23rd. Citigroup reaffirmed a “buy” rating and issued a $40.00 price target on shares of Cisco Systems in a research report on Thursday, November 16th. They noted that the move was a valuation call. Finally, Nomura upped their price target on shares of Cisco Systems from $29.00 to $33.00 and gave the stock a “neutral” rating in a research report on Thursday, November 16th. Thirteen investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $39.54.

The firm has a market capitalization of $191,660.00, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 3.62 and a beta of 1.23. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.87 and a quick ratio of 2.81.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. The firm had revenue of $12.14 billion for the quarter, compared to analyst estimates of $12.11 billion. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 earnings per share. analysts expect that Cisco Systems, Inc. will post 2.22 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 24th. Stockholders of record on Friday, January 5th were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.99%. Cisco Systems’s payout ratio is currently 60.10%.

In other news, SVP Rebecca Jacoby sold 75,021 shares of the stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $38.42, for a total value of $2,882,306.82. Following the sale, the senior vice president now owns 257,476 shares in the company, valued at $9,892,227.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John T. Chambers sold 250,000 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $36.50, for a total transaction of $9,125,000.00. Following the completion of the sale, the insider now owns 712,736 shares in the company, valued at approximately $26,014,864. The disclosure for this sale can be found here. Insiders sold 348,643 shares of company stock worth $12,892,271 in the last quarter. Company insiders own 0.05% of the company’s stock.

Several large investors have recently added to or reduced their stakes in CSCO. Winslow Evans & Crocker Inc. grew its position in Cisco Systems by 12.8% during the second quarter. Winslow Evans & Crocker Inc. now owns 40,313 shares of the network equipment provider’s stock valued at $1,262,000 after buying an additional 4,559 shares during the period. Park Avenue Securities LLC acquired a new stake in Cisco Systems during the second quarter valued at $742,000. Ferguson Wellman Capital Management Inc. grew its position in Cisco Systems by 7.0% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 1,984,100 shares of the network equipment provider’s stock valued at $62,103,000 after buying an additional 129,991 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in Cisco Systems by 5.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 41,765 shares of the network equipment provider’s stock valued at $1,307,000 after buying an additional 2,175 shares during the period. Finally, Municipal Employees Retirement System of Michigan grew its position in Cisco Systems by 2.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 247,100 shares of the network equipment provider’s stock valued at $7,734,000 after buying an additional 5,250 shares during the period. Hedge funds and other institutional investors own 75.64% 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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