Investors purchased shares of Cisco Systems, Inc. (NASDAQ:CSCO) on weakness during trading hours on Tuesday. $201.94 million flowed into the stock on the tick-up and $76.79 million flowed out of the stock on the tick-down, for a money net flow of $125.15 million into the stock. Of all equities tracked, Cisco Systems had the 2nd highest net in-flow for the day. Cisco Systems traded down ($0.25) for the day and closed at $39.69
Several brokerages recently commented on CSCO. BMO Capital Markets reiterated a “hold” rating and set a $32.00 price target on shares of Cisco Systems in a research note on Thursday, September 28th. Piper Jaffray Companies reiterated an “overweight” rating and set a $44.00 price target on shares of Cisco Systems in a research note on Wednesday. Vetr lowered shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $34.13 price target on the stock. in a research note on Monday, September 25th. BidaskClub upgraded shares of Cisco Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 5th. Finally, Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a research note on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $37.93.
The company has a market cap of $197,300.00, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 3.57 and a beta of 1.19. The company has a current ratio of 2.87, a quick ratio of 2.81 and a debt-to-equity ratio of 0.39.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.16 dividend on an annualized basis and a yield of 2.91%. Cisco Systems’s dividend payout ratio (DPR) is 60.10%.
In other news, SVP Rebecca Jacoby sold 75,021 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $38.42, for a total value of $2,882,306.82. Following the transaction, the senior vice president now directly owns 257,476 shares in the company, valued at approximately $9,892,227.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Karen Walker sold 5,786 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total transaction of $211,131.14. Following the completion of the transaction, the senior vice president now owns 176,418 shares in the company, valued at $6,437,492.82. The disclosure for this sale can be found here. Insiders have sold a total of 348,643 shares of company stock worth $12,892,271 over the last quarter. 0.05% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Barnett & Company Inc. increased its stake in Cisco Systems by 1,511.5% during the 2nd 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 period. Tortoise Investment Management LLC increased its stake in Cisco Systems by 36.1% during the 2nd 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 period. Mountain Capital Investment Advisors Inc acquired a new position in Cisco Systems during the 2nd quarter valued at about $104,000. Grove Bank & Trust increased its stake in Cisco Systems by 141.3% during the 2nd 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 period. Finally, Manchester Capital Management LLC increased its stake in Cisco Systems by 10.7% during the 2nd quarter. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider’s stock valued at $113,000 after buying an additional 350 shares during the period. Institutional investors own 75.55% of the company’s stock.
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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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