Cisco Systems, Inc. (NASDAQ:CSCO) Given Average Rating of “Hold” by Brokerages

Shares of Cisco Systems, Inc. (NASDAQ:CSCOGet Free Report) have earned a consensus recommendation of “Hold” from the twenty-four ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $58.21.

CSCO has been the subject of several analyst reports. UBS Group decreased their target price on Cisco Systems from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, November 16th. Rosenblatt Securities decreased their target price on Cisco Systems from $59.00 to $51.00 and set a “neutral” rating on the stock in a report on Thursday, November 16th. DZ Bank lowered Cisco Systems from a “buy” rating to a “hold” rating and set a $50.00 price objective on the stock. in a report on Friday, November 17th. Piper Sandler cut their target price on Cisco Systems from $57.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, November 16th. Finally, New Street Research downgraded Cisco Systems from a “buy” rating to a “neutral” rating in a research report on Thursday, November 16th.

Read Our Latest Analysis on CSCO

Insider Activity

In other news, CFO Richard Scott Herren sold 13,616 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $50.00, for a total transaction of $680,800.00. Following the transaction, the chief financial officer now directly owns 452,315 shares in the company, valued at approximately $22,615,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Cisco Systems news, SVP Maria Victoria Wong sold 5,060 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $47.95, for a total value of $242,627.00. Following the completion of the sale, the senior vice president now owns 67,422 shares in the company, valued at approximately $3,232,884.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Richard Scott Herren sold 13,616 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $50.00, for a total value of $680,800.00. Following the completion of the sale, the chief financial officer now owns 452,315 shares of the company’s stock, valued at approximately $22,615,750. The disclosure for this sale can be found here. In the last three months, insiders have sold 150,475 shares of company stock worth $7,464,194. 0.02% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CSCO. Moneta Group Investment Advisors LLC increased its holdings in shares of Cisco Systems by 112,307.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 59,519,500 shares of the network equipment provider’s stock worth $2,835,509,000 after purchasing an additional 59,466,550 shares in the last quarter. Norges Bank bought a new stake in shares of Cisco Systems in the 4th quarter worth $2,028,781,000. Morgan Stanley increased its holdings in shares of Cisco Systems by 17.4% in the 4th quarter. Morgan Stanley now owns 61,788,267 shares of the network equipment provider’s stock worth $2,943,593,000 after purchasing an additional 9,160,347 shares in the last quarter. Barclays PLC grew its holdings in shares of Cisco Systems by 83.6% in the second quarter. Barclays PLC now owns 14,544,909 shares of the network equipment provider’s stock worth $752,554,000 after acquiring an additional 6,621,125 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Cisco Systems by 9.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 73,439,747 shares of the network equipment provider’s stock worth $3,672,445,000 after acquiring an additional 6,345,954 shares during the period. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Cisco Systems Stock Up 0.9 %

Shares of CSCO stock opened at $49.98 on Friday. The stock has a 50 day moving average of $50.10 and a 200-day moving average of $52.27. The company has a quick ratio of 1.34, a current ratio of 1.47 and a debt-to-equity ratio of 0.15. The firm has a market cap of $203.09 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 2.39 and a beta of 0.90. Cisco Systems has a 12 month low of $45.56 and a 12 month high of $58.19.

Cisco Systems (NASDAQ:CSCOGet Free Report) last released its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.20. Cisco Systems had a return on equity of 34.41% and a net margin of 23.40%. The firm had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. During the same period in the prior year, the company posted $0.77 earnings per share. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities analysts predict that Cisco Systems will post 3.38 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 24th. Shareholders of record on Thursday, January 4th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.12%. The ex-dividend date was Wednesday, January 3rd. Cisco Systems’s dividend payout ratio (DPR) is currently 47.13%.

Cisco Systems Company Profile

(Get Free Report

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 and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.

Further Reading

Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

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