Trade Report: Today, Cisco Systems Inc. (CSCO) Given Buy Rating at Deutsche Bank AG

Today, Cisco Systems Inc. (CSCO) Given Buy Rating at Deutsche Bank AG

Deutsche Bank AG reissued their buy rating on shares of Cisco Systems Inc. (NASDAQ:CSCO) in a research note published on Monday morning. Deutsche Bank AG currently has a $37.00 price objective on the network equipment provider’s stock.

Several other equities analysts also recently commented on CSCO. Barclays PLC reaffirmed an overweight rating and issued a $31.00 price objective on shares of Cisco Systems in a research report on Tuesday, June 21st. Drexel Hamilton reaffirmed a buy rating and issued a $36.00 price objective on shares of Cisco Systems in a research report on Saturday, June 25th. Wells Fargo & Co. reaffirmed a buy rating on shares of Cisco Systems in a research report on Monday, June 27th. Zacks Investment Research raised Cisco Systems from a hold rating to a buy rating and set a $32.00 price objective on the stock in a research report on Tuesday, July 5th. Finally, Credit Suisse Group AG reaffirmed an underperform rating on shares of Cisco Systems in a research report on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $32.56.

Shares of Cisco Systems (NASDAQ:CSCO) traded up 1.09% during trading on Monday, reaching $30.55. The company’s stock had a trading volume of 1,900,160 shares. Cisco Systems has a one year low of $22.46 and a one year high of $31.95. The stock has a market cap of $153.19 billion, a price-to-earnings ratio of 14.48 and a beta of 1.48. The company has a 50-day moving average price of $31.26 and a 200-day moving average price of $29.54.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, August 17th. The network equipment provider reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The company had revenue of $12.60 billion for the quarter, compared to the consensus estimate of $12.57 billion. Cisco Systems had a return on equity of 17.64% and a net margin of 21.81%. Cisco Systems’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.59 EPS. On average, equities research analysts forecast that Cisco Systems will post $2.43 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Monday, October 3rd. Cisco Systems’s dividend payout ratio is currently 49.06%.

In related news, Director Steven M. West sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $30.20, for a total value of $453,000.00. Following the sale, the director now owns 26,804 shares of the company’s stock, valued at approximately $809,480.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider John T. Chambers sold 541,666 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $31.08, for a total value of $16,834,979.28. Following the completion of the sale, the insider now directly owns 2,008,697 shares in the company, valued at approximately $62,430,302.76. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of CSCO. Riggs Asset Managment Co. Inc. raised its position in shares of Cisco Systems by 6.7% in the second quarter. Riggs Asset Managment Co. Inc. now owns 3,570 shares of the network equipment provider’s stock valued at $102,000 after buying an additional 225 shares during the period. Orrstown Financial Services Inc. increased its stake in shares of Cisco Systems by 89.3% in the third quarter. Orrstown Financial Services Inc. now owns 3,243 shares of the network equipment provider’s stock valued at $103,000 after buying an additional 1,530 shares in the last quarter. Lenox Wealth Management Inc. increased its stake in shares of Cisco Systems by 35.0% in the second quarter. Lenox Wealth Management Inc. now owns 3,835 shares of the network equipment provider’s stock valued at $110,000 after buying an additional 995 shares in the last quarter. Global X Management Co. LLC increased its stake in shares of Cisco Systems by 101.9% in the second quarter. Global X Management Co. LLC now owns 4,244 shares of the network equipment provider’s stock valued at $122,000 after buying an additional 2,142 shares in the last quarter. Finally, Financial Management Professionals Inc. increased its stake in shares of Cisco Systems by 25.7% in the second quarter. Financial Management Professionals Inc. now owns 4,389 shares of the network equipment provider’s stock valued at $125,000 after buying an additional 896 shares in the last quarter. 75.06% of the stock is currently owned by hedge funds and other institutional investors.

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