Cisco Systems, Inc. (NASDAQ:CSCO) EVP Thimaya K. Subaiya Sells 21,230 Shares

Cisco Systems, Inc. (NASDAQ:CSCO) EVP Thimaya K. Subaiya sold 21,230 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $57.07, for a total value of $1,211,596.10. Following the transaction, the executive vice president now directly owns 213,834 shares in the company, valued at $12,203,506.38. The trade was a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Cisco Systems Trading Up 0.1 %

Shares of NASDAQ:CSCO traded up $0.09 during trading on Thursday, reaching $57.59. The company’s stock had a trading volume of 11,060,834 shares, compared to its average volume of 19,127,938. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $59.38. The firm’s 50 day simple moving average is $54.84 and its two-hundred day simple moving average is $50.05. The stock has a market capitalization of $229.81 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 4.63 and a beta of 0.83.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The firm had revenue of $13.84 billion during the quarter, compared to the consensus estimate of $13.78 billion. During the same quarter last year, the firm earned $0.98 EPS. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, research analysts predict that Cisco Systems, Inc. will post 2.89 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Friday, January 3rd. Cisco Systems’s payout ratio is currently 68.67%.

Institutional Trading of Cisco Systems

Several institutional investors have recently added to or reduced their stakes in the company. Tudor Financial Inc. bought a new stake in Cisco Systems in the third quarter worth about $1,097,000. SkyView Investment Advisors LLC lifted its stake in Cisco Systems by 4.5% in the third quarter. SkyView Investment Advisors LLC now owns 10,188 shares of the network equipment provider’s stock worth $542,000 after purchasing an additional 440 shares during the last quarter. Morse Asset Management Inc bought a new stake in shares of Cisco Systems during the third quarter valued at approximately $798,000. Advisory Resource Group raised its stake in shares of Cisco Systems by 1.9% during the third quarter. Advisory Resource Group now owns 97,718 shares of the network equipment provider’s stock valued at $5,201,000 after acquiring an additional 1,784 shares in the last quarter. Finally, Hohimer Wealth Management LLC raised its stake in shares of Cisco Systems by 24.7% during the third quarter. Hohimer Wealth Management LLC now owns 104,481 shares of the network equipment provider’s stock valued at $5,560,000 after acquiring an additional 20,679 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Bank of America increased their price target on Cisco Systems from $60.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Wells Fargo & Company increased their price target on Cisco Systems from $57.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. UBS Group increased their price target on Cisco Systems from $55.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Hsbc Global Res upgraded Cisco Systems to a “strong-buy” rating in a research note on Friday, August 16th. Finally, HSBC upgraded Cisco Systems from a “hold” rating to a “buy” rating and upped their price objective for the stock from $46.00 to $58.00 in a research note on Friday, August 16th. Ten research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.94.

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.