Investors Buy Cisco Systems (CSCO) on Weakness

Traders purchased shares of Cisco Systems, Inc. (NASDAQ:CSCO) on weakness during trading hours on Friday. $225.13 million flowed into the stock on the tick-up and $134.37 million flowed out of the stock on the tick-down, for a money net flow of $90.76 million into the stock. Of all stocks tracked, Cisco Systems had the 25th highest net in-flow for the day. Cisco Systems traded down ($0.77) for the day and closed at $40.93

Several equities analysts have recently commented on the company. ValuEngine upgraded Cisco Systems from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research upgraded Cisco Systems from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Wednesday. Vetr upgraded Cisco Systems from a “hold” rating to a “buy” rating and set a $44.13 price objective on the stock in a research report on Tuesday, January 30th. Loop Capital assumed coverage on Cisco Systems in a research report on Monday, January 29th. They issued a “hold” rating and a $45.00 price objective on the stock. Finally, KeyCorp restated an “overweight” rating and issued a $43.00 price objective (up from $39.00) on shares of Cisco Systems in a research report on Friday, January 19th. Twelve equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $39.26.

The company has a quick ratio of 2.81, a current ratio of 2.87 and a debt-to-equity ratio of 0.39. The firm has a market cap of $202,340.00, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 3.69 and a beta of 1.23.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The company had revenue of $12.14 billion for the quarter, compared to analysts’ expectations of $12.11 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. equities research analysts expect that Cisco Systems, Inc. will post 2.22 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $1.16 annualized dividend and a yield of 2.83%. Cisco Systems’s payout ratio is currently 60.10%.

In other Cisco Systems news, Director Roderick C. Mcgeary sold 15,230 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.00, for a total transaction of $578,740.00. Following the sale, the director now directly owns 113,154 shares of the company’s stock, valued at $4,299,852. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Prat Bhatt sold 2,606 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total value of $95,092.94. Following the sale, the chief accounting officer now directly owns 89,184 shares in the company, valued at $3,254,324.16. The disclosure for this sale can be found here. Insiders have sold 348,643 shares of company stock worth $12,892,271 over the last three months. 0.05% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Barnett & Company Inc. grew its stake in shares of Cisco Systems by 1,511.5% during the second quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock valued at $101,000 after buying an additional 3,023 shares during the last quarter. Stonehearth Capital Management LLC bought a new position in shares of Cisco Systems during the fourth quarter valued at approximately $102,000. Tortoise Investment Management LLC grew its stake in shares of Cisco Systems by 36.1% during the second quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock valued at $104,000 after buying an additional 878 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new position in shares of Cisco Systems during the second quarter valued at approximately $104,000. Finally, Grove Bank & Trust grew its stake in shares of Cisco Systems by 141.3% during the second quarter. Grove Bank & Trust now owns 3,620 shares of the network equipment provider’s stock valued at $113,000 after buying an additional 2,120 shares during the last quarter. 75.69% of the stock is currently 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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