Cisco Systems, Inc. (NASDAQ:CSCO) has been assigned a $37.00 price objective by equities researchers at Sanford C. Bernstein in a research note issued to investors on Thursday. The firm presently has a “buy” rating on the network equipment provider’s stock. Sanford C. Bernstein’s price target would indicate a potential upside of 10.12% from the company’s previous close.

Several other research analysts have also recently commented on CSCO. Vetr cut shares of Cisco Systems from a “hold” rating to a “sell” rating and set a $31.80 target price on the stock. in a report on Thursday. Wunderlich reaffirmed a “hold” rating and set a $27.00 target price on shares of Cisco Systems in a report on Thursday. Robert W. Baird raised their target price on shares of Cisco Systems from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday. Jefferies Group LLC raised their target price on shares of Cisco Systems from $33.30 to $37.00 and gave the stock a “buy” rating in a report on Thursday. Finally, William Blair reiterated an “outperform” rating on shares of Cisco Systems in a research report on Thursday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $33.87.

Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

Shares of Cisco Systems (NASDAQ:CSCO) traded up 0.45% during mid-day trading on Thursday, hitting $33.75. 15,404,187 shares of the company’s stock traded hands. The company has a market cap of $169.42 billion, a PE ratio of 16.15 and a beta of 1.36. The firm has a 50-day moving average of $30.83 and a 200 day moving average of $30.79. Cisco Systems has a 52 week low of $25.65 and a 52 week high of $33.97.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, February 15th. The network equipment provider reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.01. Cisco Systems had a net margin of 21.73% and a return on equity of 17.50%. The company had revenue of $11.60 billion for the quarter, compared to analysts’ expectations of $11.55 billion. During the same period last year, the firm earned $0.57 earnings per share. Equities research analysts predict that Cisco Systems will post $2.37 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Thursday, April 6th will be paid a $0.29 dividend. This is an increase from Cisco Systems’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a yield of 3.45%. The ex-dividend date is Tuesday, April 4th. Cisco Systems’s payout ratio is 49.52%.

This article was originally posted by Financial Market News and is owned by of Financial Market News. If you are reading this article on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The legal version of this article can be viewed at http://www.financial-market-news.com/cisco-systems-inc-csco-given-a-37-00-price-target-by-sanford-c-bernstein-analysts/1321580/.

In other Cisco Systems news, SVP Karen Walker sold 1,793 shares of Cisco Systems stock in a transaction on Friday, December 23rd. The shares were sold at an average price of $30.41, for a total value of $54,525.13. Following the completion of the sale, the senior vice president now directly owns 183,275 shares of the company’s stock, valued at $5,573,392.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.11% of the company’s stock.

Large investors have recently bought and sold shares of the company. Advantage Investment Management LLC acquired a new stake in Cisco Systems during the fourth quarter valued at approximately $216,000. Pittenger & Anderson Inc. increased its stake in Cisco Systems by 0.4% in the fourth quarter. Pittenger & Anderson Inc. now owns 245,430 shares of the network equipment provider’s stock valued at $7,417,000 after buying an additional 1,015 shares during the last quarter. IFM Investors Pty Ltd acquired a new stake in Cisco Systems during the fourth quarter valued at approximately $1,924,000. Heritage Way Advisors LLC acquired a new stake in Cisco Systems during the fourth quarter valued at approximately $1,624,000. Finally, Forbes J M & Co. LLP increased its stake in Cisco Systems by 3.0% in the fourth quarter. Forbes J M & Co. LLP now owns 213,747 shares of the network equipment provider’s stock valued at $6,459,000 after buying an additional 6,173 shares during the last quarter. 75.24% of the stock is owned by institutional investors.

Cisco Systems Company Profile

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

5 Day Chart for NASDAQ:CSCO

Receive News & Ratings for Cisco Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.