Cisco Systems’ (CSCO) Neutral Rating Reiterated at Piper Sandler

Cisco Systems (NASDAQ:CSCOGet Free Report)‘s stock had its “neutral” rating reiterated by analysts at Piper Sandler in a report released on Wednesday, Benzinga reports. They presently have a $52.00 price objective on the network equipment provider’s stock. Piper Sandler’s price objective suggests a potential upside of 12.48% from the stock’s current price.

A number of other research analysts also recently commented on the stock. Citigroup started coverage on shares of Cisco Systems in a research report on Friday, April 12th. They set a “neutral” rating and a $52.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Cisco Systems from $51.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, April 9th. BNP Paribas upgraded shares of Cisco Systems from an “underperform” rating to a “neutral” rating and set a $50.00 price target on the stock in a report on Monday, May 13th. JPMorgan Chase & Co. began coverage on shares of Cisco Systems in a report on Monday, April 22nd. They issued a “neutral” rating and a $53.00 price target on the stock. Finally, Bank of America upgraded shares of Cisco Systems from a “neutral” rating to a “buy” rating and raised their price target for the company from $55.00 to $60.00 in a report on Monday, April 15th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Cisco Systems has an average rating of “Hold” and an average price target of $56.47.

Read Our Latest Stock Report on Cisco Systems

Cisco Systems Trading Up 0.5 %

CSCO stock opened at $46.23 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.89 and a quick ratio of 0.82. The company has a market capitalization of $186.25 billion, a PE ratio of 15.57, a P/E/G ratio of 2.74 and a beta of 0.85. The firm’s 50-day moving average is $47.82 and its 200 day moving average is $48.99. Cisco Systems has a 12 month low of $45.64 and a 12 month high of $58.19.

Cisco Systems (NASDAQ:CSCOGet Free Report) last posted its earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.18. The business had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $12.53 billion. Cisco Systems had a net margin of 21.88% and a return on equity of 30.82%. The company’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 EPS. On average, research analysts anticipate that Cisco Systems will post 3.14 EPS for the current year.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 2,497 shares of Cisco Systems stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total transaction of $124,850.00. Following the completion of the sale, the senior vice president now directly owns 58,121 shares in the company, valued at approximately $2,906,050. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Charles Robbins sold 26,331 shares of Cisco Systems stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $46.10, for a total transaction of $1,213,859.10. Following the completion of the transaction, the chief executive officer now directly owns 725,363 shares of the company’s stock, valued at approximately $33,439,234.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Maria Victoria Wong sold 2,497 shares of Cisco Systems stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total transaction of $124,850.00. Following the transaction, the senior vice president now directly owns 58,121 shares of the company’s stock, valued at $2,906,050. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,166 shares of company stock worth $2,727,647. Company insiders own 0.02% of the company’s stock.

Hedge Funds Weigh In On Cisco Systems

Several institutional investors have recently made changes to their positions in CSCO. Valued Wealth Advisors LLC purchased a new position in shares of Cisco Systems during the 4th quarter valued at approximately $32,000. Delos Wealth Advisors LLC increased its holdings in Cisco Systems by 1,666.7% in the 4th quarter. Delos Wealth Advisors LLC now owns 636 shares of the network equipment provider’s stock worth $32,000 after acquiring an additional 600 shares in the last quarter. DiNuzzo Private Wealth Inc. purchased a new stake in Cisco Systems in the 4th quarter worth $33,000. Morton Brown Family Wealth LLC increased its holdings in Cisco Systems by 41.9% in the 4th quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock worth $36,000 after acquiring an additional 208 shares in the last quarter. Finally, Bourgeon Capital Management LLC increased its holdings in Cisco Systems by 3,500.0% in the 4th quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider’s stock worth $36,000 after acquiring an additional 700 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

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.

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