Cisco Systems (NASDAQ:CSCO) PT Lowered to $52.00 at Deutsche Bank Aktiengesellschaft

Cisco Systems (NASDAQ:CSCOGet Rating) had its price target reduced by analysts at Deutsche Bank Aktiengesellschaft from $54.00 to $52.00 in a report released on Friday, The Fly reports. The firm presently has a “hold” rating on the network equipment provider’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 8.81% from the stock’s previous close.

Several other research analysts also recently weighed in on CSCO. Evercore ISI upped their price target on shares of Cisco Systems from $50.00 to $56.00 and gave the stock an “outperform” rating in a research report on Thursday, August 18th. Rosenblatt Securities dropped their price objective on shares of Cisco Systems from $53.00 to $51.00 and set a “neutral” rating for the company in a research note on Thursday. Bank of America reaffirmed a “buy” rating and set a $52.00 price objective on shares of Cisco Systems in a research note on Wednesday. Cowen upped their price objective on shares of Cisco Systems from $60.00 to $61.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Citigroup upped their price objective on shares of Cisco Systems from $40.00 to $44.00 and gave the company a “sell” rating in a research note on Thursday, August 18th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.63.

Cisco Systems Trading Up 2.6 %

Shares of Cisco Systems stock opened at $47.79 on Friday. The firm has a 50-day simple moving average of $42.95 and a two-hundred day simple moving average of $44.39. The company has a market cap of $196.36 billion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 2.31 and a beta of 1.00. Cisco Systems has a fifty-two week low of $38.60 and a fifty-two week high of $64.29. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.45.

Cisco Systems (NASDAQ:CSCOGet Rating) last released its quarterly earnings results on Wednesday, November 16th. The network equipment provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.02. Cisco Systems had a net margin of 22.00% and a return on equity of 31.68%. The firm had revenue of $13.63 billion during the quarter, compared to the consensus estimate of $13.29 billion. During the same quarter in the prior year, the firm earned $0.73 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, equities analysts predict that Cisco Systems will post 3.1 earnings per share for the current fiscal year.

Insider Transactions at Cisco Systems

In other news, CEO Charles Robbins sold 12,716 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $47.14, for a total value of $599,432.24. Following the transaction, the chief executive officer now directly owns 631,374 shares in the company, valued at approximately $29,762,970.36. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Cisco Systems news, EVP Jeffery S. Sharritts sold 12,838 shares of the stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $47.86, for a total transaction of $614,426.68. Following the sale, the executive vice president now directly owns 167,532 shares in the company, valued at approximately $8,018,081.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Charles Robbins sold 12,716 shares of the stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $47.14, for a total transaction of $599,432.24. Following the sale, the chief executive officer now owns 631,374 shares in the company, valued at $29,762,970.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,317 shares of company stock worth $2,612,042. 0.02% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cisco Systems

Hedge funds have recently added to or reduced their stakes in the business. Syverson Strege & Co lifted its holdings in Cisco Systems by 68.9% during the 2nd quarter. Syverson Strege & Co now owns 591 shares of the network equipment provider’s stock worth $25,000 after buying an additional 241 shares in the last quarter. Cordant Inc. acquired a new stake in shares of Cisco Systems in the 1st quarter valued at $28,000. Iron Horse Wealth Management LLC raised its holdings in shares of Cisco Systems by 328.1% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 655 shares of the network equipment provider’s stock valued at $28,000 after purchasing an additional 502 shares in the last quarter. Johnson Midwest Financial LLC raised its holdings in shares of Cisco Systems by 189.7% in the 2nd quarter. Johnson Midwest Financial LLC now owns 678 shares of the network equipment provider’s stock valued at $29,000 after purchasing an additional 444 shares in the last quarter. Finally, Advanced Research Investment Solutions LLC raised its holdings in shares of Cisco Systems by 564.6% in the 1st quarter. Advanced Research Investment Solutions LLC now owns 545 shares of the network equipment provider’s stock valued at $30,000 after purchasing an additional 463 shares in the last quarter. 71.71% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Company Profile

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Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points that are standalone, controller appliance-based, switch-converged, and Meraki cloud-managed offerings; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.

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