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

Cisco Systems (NASDAQ:CSCO) had its price objective cut by equities research analysts at UBS Group from $55.00 to $54.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the network equipment provider’s stock. UBS Group’s price target would indicate a potential upside of 13.08% from the company’s current price.

A number of other analysts also recently weighed in on CSCO. Tigress Financial increased their price target on shares of Cisco Systems from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Friday, September 22nd. StockNews.com initiated coverage on shares of Cisco Systems in a research report on Thursday, October 5th. They issued a “buy” rating on the stock. Citigroup increased their price target on shares of Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, August 17th. Rosenblatt Securities dropped their target price on shares of Cisco Systems from $59.00 to $51.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Raymond James downgraded shares of 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, twelve have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $58.38.

Cisco Systems Stock Down 0.6 %

Shares of NASDAQ CSCO opened at $47.76 on Thursday. The firm has a market capitalization of $193.64 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 2.37 and a beta of 0.98. The company has a current ratio of 1.38, a quick ratio of 1.27 and a debt-to-equity ratio of 0.15. Cisco Systems has a 1 year low of $45.56 and a 1 year high of $58.19. The firm’s 50-day moving average is $53.38 and its 200-day moving average is $52.23.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 15th. The network equipment provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.20. The company had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a net margin of 23.40% and a return on equity of 34.92%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 EPS. Equities analysts expect that Cisco Systems will post 3.57 EPS for the current year.

Insider Activity at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,022 shares of Cisco Systems stock in a transaction on Wednesday, September 13th. The shares were 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 document filed with the SEC, which is available at the SEC website. 0.02% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cisco Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Diversified Trust Co boosted its position in shares of Cisco Systems by 1.6% in the third quarter. Diversified Trust Co now owns 84,888 shares of the network equipment provider’s stock valued at $4,564,000 after acquiring an additional 1,337 shares during the period. Spartan Planning & Wealth Management bought a new stake in shares of Cisco Systems in the third quarter valued at about $437,000. CM Wealth Advisors LLC boosted its position in shares of Cisco Systems by 134.1% in the third quarter. CM Wealth Advisors LLC now owns 12,377 shares of the network equipment provider’s stock valued at $658,000 after acquiring an additional 7,090 shares during the period. Creative Planning boosted its position in shares of Cisco Systems by 9.2% in the third quarter. Creative Planning now owns 1,137,933 shares of the network equipment provider’s stock valued at $61,175,000 after acquiring an additional 96,127 shares during the period. Finally, Chesapeake Wealth Management boosted its position in shares of Cisco Systems by 1.9% in the third quarter. Chesapeake Wealth Management now owns 22,545 shares of the network equipment provider’s stock valued at $1,212,000 after acquiring an additional 430 shares during the period. 72.21% 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.