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

Cisco Systems (NASDAQ:CSCO) had its price target boosted by investment analysts at Deutsche Bank Aktiengesellschaft from $51.00 to $52.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the network equipment provider’s stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 5.67% from the stock’s current price.

A number of other research analysts also recently weighed in on the company. Melius Research reiterated a “hold” rating and set a $55.00 price target on shares of Cisco Systems in a report on Monday, January 8th. Melius downgraded Cisco Systems from a “buy” rating to a “hold” rating in a report on Monday, January 8th. StockNews.com downgraded Cisco Systems from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Morgan Stanley started coverage on Cisco Systems in a report on Tuesday. They set an “overweight” rating and a $58.00 price target on the stock. Finally, Barclays boosted their target price on Cisco Systems from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Cisco Systems has a consensus rating of “Hold” and a consensus price target of $56.19.

Cisco Systems Stock Down 1.6 %

Shares of Cisco Systems stock opened at $49.21 on Tuesday. The stock’s fifty day moving average is $49.29 and its 200-day moving average is $50.48. The firm has a market capitalization of $199.26 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 2.18 and a beta of 0.87. The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 0.14. Cisco Systems has a 12-month low of $45.56 and a 12-month high of $58.19.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The company had revenue of $12.79 billion for the quarter, compared to analyst estimates of $12.71 billion. During the same period in the previous year, the firm earned $0.76 earnings per share. Cisco Systems’s revenue for the quarter was down 5.9% compared to the same quarter last year. Equities analysts anticipate that Cisco Systems will post 3.16 earnings per share for the current year.

Insider Transactions at Cisco Systems

In other news, CFO Richard Scott Herren sold 13,942 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $50.00, for a total transaction of $697,100.00. Following the completion of the sale, the chief financial officer now owns 328,491 shares in the company, valued at approximately $16,424,550. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Deborah L. Stahlkopf sold 3,002 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total transaction of $150,130.02. Following the completion of the transaction, the executive vice president now owns 191,559 shares of the company’s stock, valued at approximately $9,579,865.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard Scott Herren sold 13,942 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $50.00, for a total value of $697,100.00. Following the transaction, the chief financial officer now directly owns 328,491 shares of the company’s stock, valued at approximately $16,424,550. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,441 shares of company stock worth $972,080. 0.02% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cisco Systems

Several large investors have recently made changes to their positions in CSCO. United Bank acquired a new position in Cisco Systems in the 1st quarter valued at approximately $645,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Cisco Systems by 32.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,243,073 shares of the network equipment provider’s stock valued at $236,593,000 after acquiring an additional 1,040,607 shares in the last quarter. Roundview Capital LLC raised its holdings in Cisco Systems by 13.1% in the 1st quarter. Roundview Capital LLC now owns 10,540 shares of the network equipment provider’s stock valued at $588,000 after acquiring an additional 1,221 shares in the last quarter. Merit Financial Group LLC raised its holdings in Cisco Systems by 21.5% in the 1st quarter. Merit Financial Group LLC now owns 11,763 shares of the network equipment provider’s stock valued at $656,000 after acquiring an additional 2,079 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in Cisco Systems by 8.1% in the 1st quarter. Mackenzie Financial Corp now owns 2,429,518 shares of the network equipment provider’s stock valued at $135,470,000 after acquiring an additional 182,857 shares in the last quarter. Institutional investors and hedge funds own 73.33% 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 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.