Several other analysts have also commented on CSCO. Evercore ISI began coverage on shares of Cisco Systems in a research report on Wednesday, September 11th. They issued an outperform rating and a $60.00 price objective on the stock. KeyCorp reduced their target price on shares of Cisco Systems from $54.00 to $52.00 and set an overweight rating for the company in a research report on Thursday, November 14th. Citigroup decreased their price target on shares of Cisco Systems from $65.00 to $57.00 and set a buy rating for the company in a research note on Thursday, August 15th. William Blair restated a market perform rating on shares of Cisco Systems in a research note on Thursday, November 14th. Finally, Raymond James reaffirmed an overweight rating on shares of Cisco Systems in a report on Friday, August 16th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the company. Cisco Systems has a consensus rating of Buy and an average target price of $54.53.
Shares of NASDAQ:CSCO opened at $44.28 on Tuesday. Cisco Systems has a 1 year low of $40.25 and a 1 year high of $58.26. The company has a market capitalization of $192.22 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 2.57 and a beta of 1.22. The business has a fifty day moving average price of $46.44 and a two-hundred day moving average price of $50.99. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.70 and a quick ratio of 1.64.
In other news, EVP Irving Tan sold 28,093 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $45.36, for a total value of $1,274,298.48. Following the transaction, the executive vice president now owns 151,587 shares of the company’s stock, valued at $6,875,986.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Kelly A. Kramer sold 70,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $45.19, for a total value of $3,163,300.00. Following the completion of the sale, the chief financial officer now owns 352,587 shares in the company, valued at approximately $15,933,406.53. The disclosure for this sale can be found here. Insiders sold 511,314 shares of company stock valued at $23,530,971 over the last ninety days. Corporate insiders own 0.03% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Personal Wealth Partners bought a new position in Cisco Systems in the second quarter valued at $44,000. Ashburton Jersey Ltd bought a new stake in shares of Cisco Systems in the 2nd quarter worth approximately $49,000. Cordasco Financial Network boosted its stake in shares of Cisco Systems by 78.4% in the 3rd quarter. Cordasco Financial Network now owns 1,142 shares of the network equipment provider’s stock valued at $56,000 after purchasing an additional 502 shares in the last quarter. Lucia Wealth Services LLC boosted its stake in shares of Cisco Systems by 72.3% in the 2nd quarter. Lucia Wealth Services LLC now owns 1,144 shares of the network equipment provider’s stock valued at $63,000 after purchasing an additional 480 shares in the last quarter. Finally, Crewe Advisors LLC grew its holdings in shares of Cisco Systems by 26.3% during the 2nd quarter. Crewe Advisors LLC now owns 1,212 shares of the network equipment provider’s stock valued at $66,000 after purchasing an additional 252 shares during the last quarter. Institutional investors and hedge funds own 72.62% of the company’s stock.
Cisco Systems Company Profile
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.
See Also: Lock-Up Period Expiration
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