Cisco Systems (NASDAQ:CSCO) Upgraded to Buy by StockNews.com

Cisco Systems (NASDAQ:CSCO - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Monday.

Several other research analysts have also recently issued reports on CSCO. Citigroup began coverage on shares of Cisco Systems in a report on Friday, April 12th. They set a "neutral" rating and a $52.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of Cisco Systems in a research report on Monday, April 22nd. They set a "neutral" rating and a $53.00 price target on the stock. Bank of America upgraded shares of Cisco Systems from a "neutral" rating to a "buy" rating and raised their price target for the company from $55.00 to $60.00 in a research report on Monday, April 15th. 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. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Cisco Systems from $51.00 to $52.00 and gave the company a "hold" rating in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $55.81.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO traded up $0.62 during midday trading on Monday, reaching $48.68. The company had a trading volume of 15,146,763 shares, compared to its average volume of 18,830,865. The business's 50-day simple moving average is $48.73 and its 200 day simple moving average is $49.59. The stock has a market cap of $197.11 billion, a P/E ratio of 14.80, a P/E/G ratio of 2.77 and a beta of 0.87. Cisco Systems has a 1 year low of $45.70 and a 1 year high of $58.19. The company has a current ratio of 1.37, a quick ratio of 1.26 and a debt-to-equity ratio of 0.14.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.03. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The business had revenue of $12.79 billion during the quarter, compared to analysts' expectations of $12.71 billion. During the same quarter last year, the company posted $0.76 earnings per share. The business's quarterly revenue was down 5.9% on a year-over-year basis. On average, analysts forecast that Cisco Systems will post 3.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Maria Victoria Wong sold 2,497 shares of the company's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total value of $124,850.00. Following the completion of the transaction, the senior vice president now owns 58,121 shares in the company, valued at approximately $2,906,050. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Cisco Systems news, CFO Richard Scott Herren sold 13,942 shares of the company's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $50.00, for a total transaction of $697,100.00. Following the completion of the transaction, the chief financial officer now owns 328,491 shares in the company, valued at approximately $16,424,550. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Maria Victoria Wong sold 2,497 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total transaction of $124,850.00. Following the completion of the transaction, the senior vice president now owns 58,121 shares of the company's stock, valued at approximately $2,906,050. The disclosure for this sale can be found here. Insiders sold 19,441 shares of company stock worth $972,080 in the last 90 days. Corporate insiders own 0.02% of the company's stock.

Hedge Funds Weigh In On Cisco Systems

Large investors have recently made changes to their positions in the stock. Valued Wealth Advisors LLC acquired a new stake in Cisco Systems in the 4th quarter valued at about $32,000. Delos Wealth Advisors LLC boosted its stake in shares of Cisco Systems by 1,666.7% during the 4th quarter. Delos Wealth Advisors LLC now owns 636 shares of the network equipment provider's stock worth $32,000 after purchasing an additional 600 shares during the last quarter. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Cisco Systems during the 4th quarter worth about $33,000. Morton Brown Family Wealth LLC boosted its stake in shares of Cisco Systems by 41.9% during the 4th quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider's stock worth $36,000 after purchasing an additional 208 shares during the last quarter. Finally, Bourgeon Capital Management LLC boosted its stake in shares of Cisco Systems by 3,500.0% during the 4th quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider's stock worth $36,000 after purchasing an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 73.33% 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 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.

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