Robert W. Baird reaffirmed their buy rating on shares of Cisco Systems (NASDAQ:CSCO) in a research note released on Monday morning, The Fly reports. Robert W. Baird currently has a $57.00 target price on the network equipment provider’s stock.

Several other equities analysts also recently weighed in on the stock. ValuEngine downgraded shares of Cisco Systems from a buy rating to a hold rating in a research note on Tuesday, August 6th. MKM Partners raised their price target on shares of Cisco Systems to $56.00 and gave the stock a neutral rating in a research note on Thursday, May 16th. UBS Group set a $61.00 price target on shares of Cisco Systems and gave the stock a buy rating in a research note on Wednesday, June 26th. BidaskClub downgraded shares of Cisco Systems from a hold rating to a sell rating in a research note on Wednesday, August 7th. Finally, Oppenheimer raised their price target on shares of Cisco Systems from $52.00 to $60.00 and gave the stock an outperform rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company’s stock. Cisco Systems has an average rating of Buy and an average price target of $56.24.

NASDAQ:CSCO opened at $46.25 on Monday. The company’s 50-day moving average price is $55.38 and its 200-day moving average price is $53.88. The company has a current ratio of 1.69, a quick ratio of 1.64 and a debt-to-equity ratio of 0.43. The company has a market cap of $220.63 billion, a P/E ratio of 19.76, a P/E/G ratio of 2.36 and a beta of 1.18. Cisco Systems has a twelve month low of $40.25 and a twelve month high of $58.26.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.01. The firm had revenue of $13.43 billion for the quarter, compared to the consensus estimate of $13.39 billion. Cisco Systems had a net margin of 25.76% and a return on equity of 29.88%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the firm posted $0.70 earnings per share. On average, analysts expect that Cisco Systems will post 2.8 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 24th. Shareholders of record on Friday, July 5th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend was Wednesday, July 3rd. Cisco Systems’s dividend payout ratio (DPR) is presently 59.83%.

In other Cisco Systems news, CFO Kelly A. Kramer sold 70,000 shares of Cisco Systems stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $53.56, for a total transaction of $3,749,200.00. Following the completion of the sale, the chief financial officer now directly owns 349,122 shares in the company, valued at $18,698,974.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven M. West sold 20,000 shares of Cisco Systems stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $56.21, for a total transaction of $1,124,200.00. Following the sale, the director now owns 5,263 shares of the company’s stock, valued at $295,833.23. The disclosure for this sale can be found here. Insiders have sold 95,129 shares of company stock worth $5,159,754 over the last ninety days. 0.03% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in CSCO. Lavaca Capital LLC acquired a new stake in shares of Cisco Systems during the fourth quarter valued at about $618,000. Winthrop Partners WNY LLC grew its holdings in shares of Cisco Systems by 68.4% in the fourth quarter. Winthrop Partners WNY LLC now owns 45,707 shares of the network equipment provider’s stock valued at $1,980,000 after purchasing an additional 18,567 shares in the last quarter. Benin Management CORP grew its holdings in shares of Cisco Systems by 12.7% in the fourth quarter. Benin Management CORP now owns 52,370 shares of the network equipment provider’s stock valued at $2,269,000 after purchasing an additional 5,905 shares in the last quarter. Somerset Trust Co grew its holdings in shares of Cisco Systems by 0.4% in the fourth quarter. Somerset Trust Co now owns 120,343 shares of the network equipment provider’s stock valued at $5,213,000 after purchasing an additional 487 shares in the last quarter. Finally, Horan Securities Inc. grew its holdings in shares of Cisco Systems by 663.0% in the fourth quarter. Horan Securities Inc. now owns 763 shares of the network equipment provider’s stock valued at $33,000 after purchasing an additional 663 shares in the last quarter. Institutional investors and hedge funds own 74.28% of the company’s stock.

About Cisco Systems

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

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