Investors Buy Cisco Systems (CSCO) on Weakness

Traders bought shares of Cisco Systems, Inc. (NASDAQ:CSCO) on weakness during trading on Monday. $509.99 million flowed into the stock on the tick-up and $240.67 million flowed out of the stock on the tick-down, for a money net flow of $269.32 million into the stock. Of all equities tracked, Cisco Systems had the highest net in-flow for the day. Cisco Systems traded down ($2.15) for the day and closed at $38.78

Several research firms have recently issued reports on CSCO. Piper Jaffray Companies reissued an “overweight” rating and set a $44.00 target price on shares of Cisco Systems in a research note on Wednesday, January 10th. Zacks Investment Research lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Monday. Berenberg Bank reissued a “hold” rating and set a $33.00 target price on shares of Cisco Systems in a research note on Tuesday, October 24th. BMO Capital Markets reissued a “hold” rating and set a $32.00 target price on shares of Cisco Systems in a research note on Monday, October 23rd. Finally, Citigroup reissued a “buy” rating and set a $40.00 target price on shares of Cisco Systems in a research note on Thursday, November 16th. They noted that the move was a valuation call. Thirteen analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $39.26.

The company has a debt-to-equity ratio of 0.39, a current ratio of 2.87 and a quick ratio of 2.81. The stock has a market capitalization of $191,710.00, a price-to-earnings ratio of 20.09, a PEG ratio of 3.69 and a beta of 1.23.

Cisco Systems (NASDAQ:CSCO) last posted 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 during the quarter, compared to analysts’ expectations of $12.11 billion. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the company posted $0.61 EPS. sell-side analysts anticipate that Cisco Systems, Inc. will post 2.22 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Friday, January 5th were given a dividend of $0.29 per share. The ex-dividend date 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 related news, SVP Karen Walker sold 5,786 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total transaction of $211,131.14. Following the completion of the transaction, the senior vice president now owns 176,418 shares of the company’s stock, valued at approximately $6,437,492.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John T. Chambers sold 250,000 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 712,736 shares of the company’s stock, valued at approximately $26,014,864. The disclosure for this sale can be found here. Insiders have sold a total of 348,643 shares of company stock valued at $12,892,271 in the last ninety days. 0.05% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Vantage Financial Partners Ltd. Inc. purchased a new position in Cisco Systems in the 2nd quarter valued at approximately $231,000. IFG Advisory LLC purchased a new stake in shares of Cisco Systems during the 4th quarter worth $2,375,000. Stonehearth Capital Management LLC purchased a new stake in shares of Cisco Systems during the 4th quarter worth $102,000. Goodman Financial Corp purchased a new stake in shares of Cisco Systems during the 4th quarter worth $115,000. Finally, Barnett & Company Inc. lifted its position in shares of Cisco Systems by 1,511.5% during the 2nd quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock worth $101,000 after purchasing an additional 3,023 shares during the last quarter. 75.64% of the stock is owned by institutional investors.

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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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