Cisco Systems (NASDAQ:CSCO) Trading 0.1% Higher – What’s Next?

Cisco Systems, Inc. (NASDAQ:CSCO) shares were up 0.1% during mid-day trading on Tuesday . The stock traded as high as $59.02 and last traded at $58.70. Approximately 3,102,207 shares changed hands during trading, a decline of 84% from the average daily volume of 18,896,824 shares. The stock had previously closed at $58.63.

Analyst Ratings Changes

A number of analysts have recently issued reports on CSCO shares. Hsbc Global Res upgraded Cisco Systems to a “strong-buy” rating in a research report on Friday, August 16th. StockNews.com downgraded Cisco Systems from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Evercore ISI raised their target price on Cisco Systems from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. upgraded Cisco Systems from a “neutral” rating to an “overweight” rating and upped their price target for the company from $55.00 to $66.00 in a research report on Monday. Finally, Wells Fargo & Company lifted their price objective on Cisco Systems from $57.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday. Twelve analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Cisco Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.42.

Cisco Systems Stock Performance

The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 0.43. The company has a market cap of $231.14 billion, a price-to-earnings ratio of 22.86, a P/E/G ratio of 4.86 and a beta of 0.83. The stock has a 50 day moving average price of $53.82 and a two-hundred day moving average price of $49.64.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The firm had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $13.53 billion. Cisco Systems had a return on equity of 27.83% and a net margin of 19.18%. The company’s revenue was down 10.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.01 earnings per share. Analysts predict that Cisco Systems, Inc. will post 2.89 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.76%. Cisco Systems’s payout ratio is presently 62.99%.

Insiders Place Their Bets

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 1,328 shares of Cisco Systems stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $48.92, for a total value of $64,965.76. Following the transaction, the executive vice president now owns 132,910 shares of the company’s stock, valued at approximately $6,501,957.20. The trade was a 0.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Charles Robbins sold 27,143 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $49.45, for a total transaction of $1,342,221.35. Following the sale, the chief executive officer now directly owns 683,403 shares of the company’s stock, valued at $33,794,278.35. This represents a 3.82 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,529 shares of company stock worth $3,509,049. Company insiders own 0.01% of the company’s stock.

Institutional Trading of Cisco Systems

Institutional investors have recently made changes to their positions in the business. Fred Alger Management LLC grew its stake in shares of Cisco Systems by 4.7% in the third quarter. Fred Alger Management LLC now owns 105,069 shares of the network equipment provider’s stock valued at $5,592,000 after buying an additional 4,759 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of Cisco Systems by 1.9% during the 3rd quarter. Captrust Financial Advisors now owns 1,879,518 shares of the network equipment provider’s stock worth $100,028,000 after purchasing an additional 34,493 shares during the last quarter. Icon Wealth Advisors LLC raised its holdings in shares of Cisco Systems by 1.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 49,812 shares of the network equipment provider’s stock valued at $2,651,000 after purchasing an additional 702 shares during the period. Pin Oak Investment Advisors Inc. grew its holdings in Cisco Systems by 2.8% during the third quarter. Pin Oak Investment Advisors Inc. now owns 8,115 shares of the network equipment provider’s stock worth $431,000 after purchasing an additional 220 shares during the period. Finally, Vinva Investment Management Ltd increased its position in Cisco Systems by 74.7% during the third quarter. Vinva Investment Management Ltd now owns 97,326 shares of the network equipment provider’s stock worth $5,160,000 after buying an additional 41,625 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

About Cisco Systems

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.