Cisco Systems’ (CSCO) “Neutral” Rating Reaffirmed at Piper Sandler

Piper Sandler reissued their neutral rating on shares of Cisco Systems (NASDAQ:CSCO) in a research report report published on Thursday, Benzinga reports. They currently have a $52.00 price target on the network equipment provider’s stock.

A number of other equities analysts have also issued reports on CSCO. BNP Paribas upgraded shares of Cisco Systems from an underperform rating to a neutral rating and set a $50.00 target price on the stock in a research report on Monday, May 13th. StockNews.com lowered Cisco Systems from a buy rating to a hold rating in a research report on Thursday, May 23rd. Rosenblatt Securities increased their target price on Cisco Systems from $56.00 to $58.00 and gave the stock a neutral rating in a report on Thursday. Oppenheimer boosted their price target on shares of Cisco Systems from $54.00 to $58.00 and gave the stock an outperform rating in a research report on Thursday, May 16th. Finally, Wells Fargo & Company increased their price target on shares of Cisco Systems from $52.00 to $57.00 and gave the company an equal weight rating in a research note on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of Hold and an average target price of $55.89.

Cisco Systems Trading Up 1.9 %

CSCO stock opened at $49.46 on Thursday. The business has a fifty day moving average price of $46.74 and a 200 day moving average price of $47.86. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.89 and a quick ratio of 0.82. Cisco Systems has a fifty-two week low of $44.50 and a fifty-two week high of $58.19. The stock has a market capitalization of $199.27 billion, a price-to-earnings ratio of 16.65, a P/E/G ratio of 2.97 and a beta of 0.85.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The company had revenue of $13.64 billion during the quarter, compared to analyst estimates of $13.53 billion. Cisco Systems had a return on equity of 30.82% and a net margin of 21.88%. The firm’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same period last year, the company posted $1.01 earnings per share. Analysts expect that Cisco Systems will post 3.14 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a $0.40 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 3.23%. Cisco Systems’s dividend payout ratio (DPR) is 53.87%.

Insiders Place Their Bets

In related news, EVP Deborah L. Stahlkopf sold 2,619 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $45.34, for a total value of $118,745.46. Following the completion of the transaction, the executive vice president now owns 176,384 shares of the company’s stock, valued at approximately $7,997,250.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, SVP Maria Victoria Wong sold 762 shares of Cisco Systems stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $45.42, for a total transaction of $34,610.04. Following the sale, the senior vice president now directly owns 51,788 shares of the company’s stock, valued at $2,352,210.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Deborah L. Stahlkopf sold 2,619 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $45.34, for a total value of $118,745.46. Following the completion of the transaction, the executive vice president now directly owns 176,384 shares of the company’s stock, valued at approximately $7,997,250.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,090 shares of company stock valued at $1,522,231. 0.02% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cisco Systems

A number of institutional investors have recently added to or reduced their stakes in CSCO. Gateway Wealth Partners LLC raised its stake in shares of Cisco Systems by 14.3% during the second quarter. Gateway Wealth Partners LLC now owns 5,576 shares of the network equipment provider’s stock valued at $265,000 after acquiring an additional 698 shares during the last quarter. Regal Investment Advisors LLC raised its position in Cisco Systems by 3.1% during the 2nd quarter. Regal Investment Advisors LLC now owns 91,772 shares of the network equipment provider’s stock worth $4,360,000 after purchasing an additional 2,783 shares during the last quarter. Quarry LP raised its position in Cisco Systems by 222.4% during the 2nd quarter. Quarry LP now owns 661 shares of the network equipment provider’s stock worth $31,000 after purchasing an additional 456 shares during the last quarter. Wallace Advisory Group LLC lifted its holdings in Cisco Systems by 13.2% during the 2nd quarter. Wallace Advisory Group LLC now owns 21,651 shares of the network equipment provider’s stock worth $1,029,000 after buying an additional 2,521 shares during the period. Finally, Front Row Advisors LLC grew its position in shares of Cisco Systems by 134.4% in the 2nd quarter. Front Row Advisors LLC now owns 4,813 shares of the network equipment provider’s stock valued at $229,000 after buying an additional 2,760 shares during the last quarter. 73.33% of the stock is owned by institutional investors.

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.