Maria Martinez Sells 3,628 Shares of Cisco Systems, Inc. (NASDAQ:CSCO) Stock

Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) COO Maria Martinez sold 3,628 shares of the firm’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $43.34, for a total value of $157,237.52. Following the completion of the transaction, the chief operating officer now owns 295,305 shares in the company, valued at approximately $12,798,518.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Maria Martinez also recently made the following trade(s):

  • On Friday, March 11th, Maria Martinez sold 992 shares of Cisco Systems stock. The stock was sold at an average price of $55.24, for a total value of $54,798.08.

Shares of NASDAQ CSCO traded up $0.23 during midday trading on Wednesday, reaching $44.00. The stock had a trading volume of 25,495,859 shares, compared to its average volume of 23,127,068. The firm has a market cap of $182.78 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 2.07 and a beta of 0.99. Cisco Systems, Inc. has a twelve month low of $41.02 and a twelve month high of $64.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.49. The company’s 50 day moving average price is $51.41 and its 200 day moving average price is $55.36.

Cisco Systems (NASDAQ:CSCOGet Rating) last issued its quarterly earnings results on Wednesday, May 18th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. Cisco Systems had a net margin of 23.28% and a return on equity of 31.22%. During the same period in the prior year, the company posted $0.75 EPS. Equities analysts forecast that Cisco Systems, Inc. will post 3.1 earnings per share for the current fiscal year.

Cisco Systems declared that its board has authorized a stock buyback program on Wednesday, February 16th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the network equipment provider to purchase up to 6.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Several hedge funds have recently bought and sold shares of the company. Magnetar Financial LLC acquired a new stake in shares of Cisco Systems during the 3rd quarter worth approximately $790,000. MV Capital Management Inc. boosted its position in shares of Cisco Systems by 14.2% during the 3rd quarter. MV Capital Management Inc. now owns 3,547 shares of the network equipment provider’s stock worth $193,000 after purchasing an additional 441 shares in the last quarter. Barings LLC boosted its position in shares of Cisco Systems by 36.7% during the 3rd quarter. Barings LLC now owns 40,359 shares of the network equipment provider’s stock worth $2,197,000 after purchasing an additional 10,835 shares in the last quarter. Oxford Financial Group Ltd. boosted its position in shares of Cisco Systems by 24.7% during the 3rd quarter. Oxford Financial Group Ltd. now owns 6,693 shares of the network equipment provider’s stock worth $364,000 after purchasing an additional 1,324 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Cisco Systems by 6.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 10,780 shares of the network equipment provider’s stock worth $587,000 after purchasing an additional 620 shares in the last quarter. 73.18% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently issued reports on CSCO shares. Barclays reduced their price target on shares of Cisco Systems from $68.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, May 19th. Loop Capital began coverage on shares of Cisco Systems in a research report on Monday, February 14th. They set a “buy” rating and a $71.00 price target on the stock. StockNews.com began coverage on Cisco Systems in a research report on Thursday, March 31st. They set a “buy” rating for the company. Wells Fargo & Company dropped their price objective on Cisco Systems from $65.00 to $52.00 and set an “equal weight” rating for the company in a research report on Thursday, May 19th. Finally, Evercore ISI dropped their price objective on Cisco Systems from $62.00 to $50.00 and set an “outperform” rating for the company in a research report on Thursday, May 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $55.09.

About Cisco Systems (Get Rating)

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. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data.

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