Traders Sell Shares of Cisco Systems, Inc. (CSCO) on Strength (CSCO)

Traders sold shares of Cisco Systems, Inc. (NASDAQ:CSCO) on strength during trading on Wednesday. $102.65 million flowed into the stock on the tick-up and $185.48 million flowed out of the stock on the tick-down, for a money net flow of $82.83 million out of the stock. Of all companies tracked, Cisco Systems had the 0th highest net out-flow for the day. Cisco Systems traded up $0.07 for the day and closed at $34.11

Several equities analysts have recently commented on CSCO shares. Royal Bank Of Canada increased their price objective on Cisco Systems to $40.00 and gave the company an “outperform” rating in a research report on Thursday. Cowen and Company reiterated a “buy” rating on shares of Cisco Systems in a research report on Friday. Argus increased their price objective on Cisco Systems from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Friday. MKM Partners increased their target price on Cisco Systems to $38.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Nomura increased their target price on Cisco Systems from $29.00 to $33.00 and gave the company a “neutral” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. Cisco Systems has a consensus rating of “Buy” and an average price target of $36.67.

The firm has a market cap of $178,410.00, a PE ratio of 15.72, a P/E/G ratio of 2.98 and a beta of 1.15. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.98 and a current ratio of 3.03.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Cisco Systems had a return on equity of 16.67% and a net margin of 20.26%. The business had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.11 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The business’s revenue was down 1.7% on a year-over-year basis. research analysts expect that Cisco Systems, Inc. will post 2.18 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Thursday, October 5th were issued a $0.29 dividend. The ex-dividend date was Wednesday, October 4th. This represents a $1.16 annualized dividend and a dividend yield of 3.23%. Cisco Systems’s dividend payout ratio (DPR) is 60.10%.

In other news, insider John T. Chambers sold 250,000 shares of Cisco Systems stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $31.14, for a total value of $7,785,000.00. Following the sale, the insider now directly owns 729,305 shares of the company’s stock, valued at $22,710,557.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Charles Robbins sold 121,390 shares of Cisco Systems stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total value of $3,891,763.40. Following the completion of the sale, the chief executive officer now directly owns 552,694 shares in the company, valued at $17,719,369.64. The disclosure for this sale can be found here. Insiders sold 485,138 shares of company stock worth $15,347,574 over the last ninety days. Insiders own 0.05% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of CSCO. Hamlin Capital Management LLC increased its stake in Cisco Systems by 9.5% during the first quarter. Hamlin Capital Management LLC now owns 2,476,478 shares of the network equipment provider’s stock worth $83,705,000 after acquiring an additional 214,475 shares during the last quarter. Smith Chas P & Associates PA Cpas increased its stake in Cisco Systems by 2.3% during the first quarter. Smith Chas P & Associates PA Cpas now owns 600,236 shares of the network equipment provider’s stock worth $20,288,000 after acquiring an additional 13,643 shares during the last quarter. Argyle Capital Management Inc. increased its stake in Cisco Systems by 0.6% during the first quarter. Argyle Capital Management Inc. now owns 85,520 shares of the network equipment provider’s stock worth $2,891,000 after acquiring an additional 500 shares during the last quarter. Greenwich Wealth Management LLC increased its stake in Cisco Systems by 64.9% during the first quarter. Greenwich Wealth Management LLC now owns 450,584 shares of the network equipment provider’s stock worth $15,230,000 after acquiring an additional 177,314 shares during the last quarter. Finally, Hudock Capital Group LLC increased its stake in Cisco Systems by 22.9% during the first quarter. Hudock Capital Group LLC now owns 45,940 shares of the network equipment provider’s stock worth $1,552,000 after acquiring an additional 8,567 shares during the last quarter. 75.22% of the stock is currently owned by institutional investors.

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About Cisco Systems

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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