Cisco Systems, Inc. (NASDAQ:CSCO) SVP Sells $31,319.42 in Stock

Cisco Systems, Inc. (NASDAQ:CSCO) SVP Maria Victoria Wong sold 638 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $49.09, for a total transaction of $31,319.42. Following the transaction, the senior vice president now owns 46,017 shares of the company’s stock, valued at approximately $2,258,974.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Maria Victoria Wong also recently made the following trade(s):

• On Wednesday, August 28th, Maria Victoria Wong sold 3,379 shares of Cisco Systems stock. The shares were sold at an average price of $50.36, for a total transaction of $170,166.44.

Cisco Systems Trading Up 1.0 %

Shares of CSCO stock traded up $0.50 on Thursday, hitting $49.61. The stock had a trading volume of 13,229,152 shares, compared to its average volume of 19,532,600. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $56.53. The firm has a market cap of $199.87 billion, a P/E ratio of 16.54, a PEG ratio of 3.82 and a beta of 0.83. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 0.43. The company has a fifty day moving average price of $47.94 and a two-hundred day moving average price of $47.94.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.85 by $0.02. The business had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $13.53 billion. Cisco Systems had a net margin of 19.18% and a return on equity of 27.83%. The firm’s revenue was down 10.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.01 EPS. As a group, analysts forecast that Cisco Systems, Inc. will post 2.9 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be given a $0.40 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.60 annualized dividend and a yield of 3.23%. Cisco Systems’s dividend payout ratio is currently 53.87%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CSCO. StockNews.com cut shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Oppenheimer lifted their target price on shares of Cisco Systems from $54.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, May 16th. Hsbc Global Res upgraded shares of Cisco Systems to a “strong-buy” rating in a research note on Friday, August 16th. Jefferies Financial Group lowered their price target on shares of Cisco Systems from $56.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Finally, HSBC raised shares of Cisco Systems from a “hold” rating to a “buy” rating and raised their price target for the company from $46.00 to $58.00 in a report on Friday, August 16th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Cisco Systems presently has an average rating of “Hold” and a consensus price target of $55.89.

Institutional Investors Weigh In On Cisco Systems

Institutional investors have recently added to or reduced their stakes in the stock. Gilbert & Cook Inc. lifted its position in Cisco Systems by 1.1% during the 4th quarter. Gilbert & Cook Inc. now owns 23,417 shares of the network equipment provider’s stock worth $1,183,000 after buying an additional 264 shares in the last quarter. Gryphon Financial Partners LLC raised its holdings in shares of Cisco Systems by 104.2% in the 4th quarter. Gryphon Financial Partners LLC now owns 23,064 shares of the network equipment provider’s stock valued at $1,177,000 after purchasing an additional 11,767 shares during the period. Jump Financial LLC raised its holdings in shares of Cisco Systems by 70.1% in the 4th quarter. Jump Financial LLC now owns 24,137 shares of the network equipment provider’s stock valued at $1,219,000 after purchasing an additional 9,943 shares during the period. Apexium Financial LP raised its holdings in shares of Cisco Systems by 33.5% in the 4th quarter. Apexium Financial LP now owns 18,289 shares of the network equipment provider’s stock valued at $924,000 after purchasing an additional 4,587 shares during the period. Finally, Jag Capital Management LLC raised its holdings in shares of Cisco Systems by 2.2% in the 4th quarter. Jag Capital Management LLC now owns 70,553 shares of the network equipment provider’s stock valued at $3,564,000 after purchasing an additional 1,537 shares during the period. 73.33% of the stock is owned by institutional investors.

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.