Key Analysts at Raymond James Kept their ‘Buy’ rating for Cisco Systems (NASDAQ:CSCO) Shares Today. Their Target Price is Set to $37.0

February 25, 2018 - By Winifred Garcia

 Key Analysts at Raymond James Kept their ‘Buy’ rating for Cisco Systems (NASDAQ:CSCO) Shares Today. Their Target Price is Set to $37.0

Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.16, from 1.18 in 2017Q2. It worsened, as 74 investors sold Cisco Systems, Inc. shares while 637 reduced holdings. 107 funds opened positions while 619 raised stakes. 3.60 billion shares or 0.03% more from 3.60 billion shares in 2017Q2 were reported.

Raymond James & Associate owns 7.55M shares. Amica Pension Fund Board Of Trustees owns 1.11% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 274,381 shares. Lsv Asset Mgmt holds 1.55% or 27.97M shares. Wg Shaheen & Assocs Dba Whitney & reported 1.47% in Cisco Systems, Inc. (NASDAQ:CSCO). Tributary Capital Mgmt Llc owns 23,125 shares for 0.07% of their portfolio. Palo Cap stated it has 24,039 shares or 0.43% of all its holdings. Rockefeller Financial Services invested 0.28% in Cisco Systems, Inc. (NASDAQ:CSCO). 17,247 were accumulated by Kistler. Murphy Pohlad Asset Management Limited Liability Co stated it has 20,288 shares. 454,478 are held by Asset Management. Moreover, Malaga Cove Cap Llc has 0.59% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 30,666 shares. Massachusetts-based Acadian Asset Lc has invested 0.34% in Cisco Systems, Inc. (NASDAQ:CSCO). Evanson Asset Management Limited Company holds 117,093 shares or 0.84% of its portfolio. Cleararc Cap Incorporated has 0.79% invested in Cisco Systems, Inc. (NASDAQ:CSCO). Waters Parkerson Ltd Liability Corporation accumulated 13,019 shares.

Since September 11, 2017, it had 0 buys, and 7 insider sales for $16.35 million activity. On Thursday, December 14 MCGEARY RODERICK C sold $578,740 worth of Cisco Systems, Inc. (NASDAQ:CSCO) or 15,230 shares. BHATT PRAT sold 25,638 shares worth $821,900. The insider SARIN ARUN sold 14,189 shares worth $625,751. Shares for $2.11M were sold by CHANDLER MARK D. $740,883 worth of stock was sold by Walker Karen on Monday, September 11. The insider Robbins Charles sold $3.89M.

Cisco Systems (NASDAQ:CSCO) Rating Reaffirmed

Raymond James now has a $37.0 target price per share on the $211.97B market cap company or -15.91 % downside potential. In an analyst report revealed on Thursday, 16 November, Cisco Systems (NASDAQ:CSCO) shares have had their Buy Rating reiterated by stock research analysts at Raymond James.

Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.16, from 1.18 in 2017Q2. It worsened, as 74 investors sold Cisco Systems, Inc. shares while 637 reduced holdings. 107 funds opened positions while 619 raised stakes. 3.60 billion shares or 0.03% more from 3.60 billion shares in 2017Q2 were reported.

Raymond James & Associate owns 7.55M shares. Amica Pension Fund Board Of Trustees owns 1.11% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 274,381 shares. Lsv Asset Mgmt holds 1.55% or 27.97M shares. Wg Shaheen & Assocs Dba Whitney & reported 1.47% in Cisco Systems, Inc. (NASDAQ:CSCO). Tributary Capital Mgmt Llc owns 23,125 shares for 0.07% of their portfolio. Palo Cap stated it has 24,039 shares or 0.43% of all its holdings. Rockefeller Financial Services invested 0.28% in Cisco Systems, Inc. (NASDAQ:CSCO). 17,247 were accumulated by Kistler. Murphy Pohlad Asset Management Limited Liability Co stated it has 20,288 shares. 454,478 are held by Asset Management. Moreover, Malaga Cove Cap Llc has 0.59% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 30,666 shares. Massachusetts-based Acadian Asset Lc has invested 0.34% in Cisco Systems, Inc. (NASDAQ:CSCO). Evanson Asset Management Limited Company holds 117,093 shares or 0.84% of its portfolio. Cleararc Cap Incorporated has 0.79% invested in Cisco Systems, Inc. (NASDAQ:CSCO). Waters Parkerson Ltd Liability Corporation accumulated 13,019 shares.

Since September 11, 2017, it had 0 buys, and 7 insider sales for $16.35 million activity. On Thursday, December 14 MCGEARY RODERICK C sold $578,740 worth of Cisco Systems, Inc. (NASDAQ:CSCO) or 15,230 shares. BHATT PRAT sold 25,638 shares worth $821,900. The insider SARIN ARUN sold 14,189 shares worth $625,751. Shares for $2.11M were sold by CHANDLER MARK D. $740,883 worth of stock was sold by Walker Karen on Monday, September 11. The insider Robbins Charles sold $3.89M.

Cisco Systems, Inc. (NASDAQ:CSCO) Ratings Coverage

Among 38 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 26 have Buy rating, 0 Sell and 12 Hold. Therefore 68% are positive. Cisco Systems Inc. has $160 highest and $16 lowest target. $40.30’s average target is -8.41% below currents $44 stock price. Cisco Systems Inc. had 151 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Neutral” rating by Bank of America on Tuesday, April 5. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Buy” rating by Robert W. Baird on Thursday, February 15. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Tuesday, August 9 by Citigroup. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Underperform” rating given on Tuesday, August 4 by Macquarie Research. RBC Capital Markets maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Monday, July 31. RBC Capital Markets has “Buy” rating and $3600 target. Bernstein maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Tuesday, September 1 with “Buy” rating. Bank of America upgraded it to “Buy” rating and $46.0 target in Friday, January 5 report. The rating was downgraded by BMO Capital Markets to “Market Perform” on Tuesday, May 9. The firm earned “Buy” rating on Monday, November 27 by Bernstein. The stock has “Buy” rating by Cowen & Co on Monday, February 12.

The stock increased 2.47% or $1.06 during the last trading session, reaching $44. About 25.78M shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since February 25, 2017 and is uptrending. It has underperformed by 3.50% the S&P500.

Analysts await Cisco Systems, Inc. (NASDAQ:CSCO) to report earnings on May, 16. They expect $0.59 earnings per share, up 9.26 % or $0.05 from last year’s $0.54 per share. CSCO’s profit will be $2.84B for 18.64 P/E if the $0.59 EPS becomes a reality. After $0.58 actual earnings per share reported by Cisco Systems, Inc. for the previous quarter, Wall Street now forecasts 1.72 % EPS growth.

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company has market cap of $211.97 billion. The firm offers switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications. It currently has negative earnings. It also provides collaboration products comprising unified communications products, conferencing products, collaboration endpoints, and business messaging products; data center products, such as blade and rack servers, series, fabric interconnects, and management software solutions; wireless products consisting of wireless access points, WLAN controllers, cloud and appliances based services, and integrated software services.

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Nasdaq.com which released: “Cisco Systems Inc. Reveals Gain In Q2 Profit” on February 14, 2018, also Seekingalpha.com with their article: “Cisco: Growth Arrives, Narrative Changes” published on February 16, 2018, Seekingalpha.com published: “Cisco: Opportunity On Pullback” on February 15, 2018. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Marketwatch.com and their article: “Cisco earnings: High hopes pinned to return to revenue growth” published on February 12, 2018 as well as Reuters.com‘s news article titled: “Cisco tops estimates as turnaround takes center stage” with publication date: February 14, 2018.

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