Cisco Systems (NASDAQ:CSCO) Price Target Lowered to $54.00 at UBS Group

Cisco Systems (NASDAQ:CSCO) had its price target lowered by equities research analysts at UBS Group from $55.00 to $54.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the network equipment provider’s stock. UBS Group’s target price would indicate a potential upside of 14.99% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group boosted their price target on Cisco Systems from $54.00 to $59.50 and gave the company a “buy” rating in a research report on Thursday, August 17th. Deutsche Bank Aktiengesellschaft increased their price target on Cisco Systems from $54.00 to $58.00 and gave the company a “hold” rating in a report on Monday, August 21st. Citigroup upped their target price on Cisco Systems from $54.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, August 17th. Morgan Stanley raised their target price on Cisco Systems from $55.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, August 17th. Finally, Raymond James cut Cisco Systems from a “market perform” rating to an “underperform” rating in a report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $58.78.

Cisco Systems Price Performance

NASDAQ:CSCO traded down $6.32 during trading hours on Thursday, hitting $46.96. The company’s stock had a trading volume of 49,800,620 shares, compared to its average volume of 18,218,768. The company has a market capitalization of $190.42 billion, a PE ratio of 15.30, a PEG ratio of 2.32 and a beta of 0.98. Cisco Systems has a 52-week low of $45.16 and a 52-week high of $58.19. The business’s 50-day moving average is $53.74 and its two-hundred day moving average is $52.26. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.27 and a current ratio of 1.38.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.20. The business had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a net margin of 22.13% and a return on equity of 33.42%. The company’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 EPS. As a group, research analysts anticipate that Cisco Systems will post 3.57 EPS for the current fiscal year.

Insider Activity

In related news, EVP Deborah L. Stahlkopf sold 3,022 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $56.22, for a total transaction of $169,896.84. Following the sale, the executive vice president now owns 169,396 shares in the company, valued at $9,523,443.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Deborah L. Stahlkopf sold 3,022 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $56.22, for a total transaction of $169,896.84. Following the completion of the transaction, the executive vice president now directly owns 169,396 shares of the company’s stock, valued at $9,523,443.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Maria Victoria Wong sold 6,186 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $54.65, for a total value of $338,064.90. Following the sale, the senior vice president now owns 64,493 shares in the company, valued at $3,524,542.45. The disclosure for this sale can be found here. In the last three months, insiders sold 41,859 shares of company stock valued at $2,309,352. Company insiders own 0.02% of the company’s stock.

Hedge Funds Weigh In On Cisco Systems

Several institutional investors have recently modified their holdings of CSCO. United Bank acquired a new stake in shares of Cisco Systems in the first quarter valued at approximately $645,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Cisco Systems by 32.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,243,073 shares of the network equipment provider’s stock worth $236,593,000 after buying an additional 1,040,607 shares in the last quarter. Roundview Capital LLC increased its position in Cisco Systems by 13.1% in the 1st quarter. Roundview Capital LLC now owns 10,540 shares of the network equipment provider’s stock valued at $588,000 after acquiring an additional 1,221 shares during the period. Merit Financial Group LLC boosted its position in Cisco Systems by 21.5% during the 1st quarter. Merit Financial Group LLC now owns 11,763 shares of the network equipment provider’s stock worth $656,000 after acquiring an additional 2,079 shares during the period. Finally, Mackenzie Financial Corp boosted its position in Cisco Systems by 8.1% during the 1st quarter. Mackenzie Financial Corp now owns 2,429,518 shares of the network equipment provider’s stock worth $135,470,000 after acquiring an additional 182,857 shares during the period. Institutional investors own 72.21% 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.