Traders Sell Shares of Cisco Systems (CSCO) on Strength (CSCO)

Traders sold shares of Cisco Systems, Inc. (NASDAQ:CSCO) on strength during trading on Tuesday. $146.32 million flowed into the stock on the tick-up and $233.15 million flowed out of the stock on the tick-down, for a money net flow of $86.83 million out of the stock. Of all stocks tracked, Cisco Systems had the 8th highest net out-flow for the day. Cisco Systems traded up $0.39 for the day and closed at $56.95

CSCO has been the subject of several recent analyst reports. Citigroup increased their target price on Cisco Systems from $52.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, February 14th. Credit Suisse Group increased their target price on Cisco Systems from $44.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, February 14th. Goldman Sachs Group downgraded Cisco Systems from a “conviction-buy” rating to a “buy” rating and increased their target price for the company from $58.00 to $62.00 in a research note on Tuesday. Bank of America restated a “buy” rating and set a $56.00 target price on shares of Cisco Systems in a research note on Thursday, February 14th. Finally, KeyCorp increased their target price on Cisco Systems from $55.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, March 25th. Seven equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Cisco Systems presently has a consensus rating of “Buy” and a consensus target price of $53.75.

The company has a quick ratio of 1.74, a current ratio of 1.80 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $271.18 billion, a P/E ratio of 24.34, a P/E/G ratio of 2.93 and a beta of 1.22.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, February 13th. The network equipment provider reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.01. Cisco Systems had a return on equity of 27.58% and a net margin of 25.31%. The company had revenue of $12.45 billion during the quarter, compared to the consensus estimate of $12.43 billion. During the same quarter last year, the company earned $0.63 EPS. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, equities analysts expect that Cisco Systems, Inc. will post 2.75 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Friday, April 5th will be given a $0.35 dividend. The ex-dividend date is Thursday, April 4th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.46%. This is an increase from Cisco Systems’s previous quarterly dividend of $0.33. Cisco Systems’s dividend payout ratio (DPR) is currently 59.83%.

Cisco Systems announced that its Board of Directors has approved a share buyback program on Wednesday, February 13th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the network equipment provider to buy up to 6.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

In other Cisco Systems news, Director Roderick C. Mcgeary sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $49.66, for a total value of $744,900.00. Following the completion of the sale, the director now owns 102,898 shares in the company, valued at approximately $5,109,914.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Goeckeler sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $52.07, for a total value of $1,562,100.00. Following the completion of the sale, the executive vice president now owns 419,439 shares of the company’s stock, valued at approximately $21,840,188.73. The disclosure for this sale can be found here. Insiders sold a total of 115,000 shares of company stock valued at $5,926,000 in the last quarter. Corporate insiders own 0.03% of the company’s stock.

Several hedge funds have recently made changes to their positions in the business. Phocas Financial Corp. acquired a new position in shares of Cisco Systems in the 4th quarter worth approximately $26,000. Stone House Investment Management LLC bought a new position in shares of Cisco Systems in the 1st quarter worth $27,000. Essex Investment Management Co. LLC bought a new position in shares of Cisco Systems in the 4th quarter worth $29,000. Horan Securities Inc. boosted its position in shares of Cisco Systems by 663.0% in the 4th quarter. Horan Securities Inc. now owns 763 shares of the network equipment provider’s stock worth $33,000 after purchasing an additional 663 shares during the last quarter. Finally, Portfolio Solutions LLC bought a new position in Cisco Systems during the fourth quarter worth about $48,000. Institutional investors own 69.14% of the company’s stock.

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Cisco Systems Company Profile (NASDAQ:CSCO)

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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