Traders sold shares of Cisco Systems, Inc. (NASDAQ:CSCO) on strength during trading hours on Wednesday. $102.65 million flowed into the stock on the tick-up and $185.48 million flowed out of the stock on the tick-down, for a money net flow of $82.83 million out of the stock. Of all stocks tracked, Cisco Systems had the 5th highest net out-flow for the day. Cisco Systems traded up $0.07 for the day and closed at $34.11
CSCO has been the topic of several analyst reports. Vetr downgraded Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 price objective on the stock. in a report on Wednesday, August 30th. Credit Suisse Group restated an “outperform” rating on shares of Cisco Systems in a report on Thursday, August 31st. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $36.00 price objective on shares of Cisco Systems in a report on Friday, October 20th. Robert W. Baird restated a “buy” rating and set a $38.00 price objective on shares of Cisco Systems in a report on Monday, September 11th. Finally, ValuEngine upgraded Cisco Systems from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $35.47.
The stock has a market cap of $169,300.00, a PE ratio of 15.65, a price-to-earnings-growth ratio of 2.97 and a beta of 1.15. 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 posted its quarterly earnings results on Tuesday, November 14th. The network equipment provider reported $0.61 earnings per share for the quarter, beating the 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 return on equity of 16.91% and a net margin of 20.02%. Cisco Systems’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 earnings per share. sell-side analysts expect that Cisco Systems, Inc. will post 2.18 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Thursday, October 5th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.41%. The ex-dividend date was Wednesday, October 4th. Cisco Systems’s payout ratio is 61.05%.
In related news, SVP Mark D. Chandler sold 65,000 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $32.43, for a total transaction of $2,107,950.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Prat Bhatt sold 25,638 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 119,996 shares in the company, valued at $3,847,071.76. The disclosure for this sale can be found here. Insiders have sold 485,138 shares of company stock worth $15,347,574 over the last three months. 0.05% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of CSCO. Vanguard Group Inc. increased its position in Cisco Systems by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider’s stock worth $11,021,378,000 after purchasing an additional 7,411,891 shares during the last quarter. Ameriprise Financial Inc. increased its position in Cisco Systems by 23.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 62,709,508 shares of the network equipment provider’s stock worth $2,109,614,000 after purchasing an additional 11,972,070 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Cisco Systems by 6.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 48,741,535 shares of the network equipment provider’s stock worth $1,639,089,000 after purchasing an additional 2,987,682 shares during the last quarter. Nordea Investment Management AB increased its position in Cisco Systems by 8.3% in the 3rd quarter. Nordea Investment Management AB now owns 34,013,570 shares of the network equipment provider’s stock worth $1,143,876,000 after purchasing an additional 2,617,310 shares during the last quarter. Finally, Boston Partners increased its position in Cisco Systems by 304.2% in the 1st quarter. Boston Partners now owns 30,563,666 shares of the network equipment provider’s stock worth $1,033,052,000 after purchasing an additional 23,002,159 shares during the last quarter. 75.22% of the stock is currently owned by hedge funds and other institutional investors.
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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