Cisco Systems, Inc. (NASDAQ:CSCO – Get Rating) EVP Deborah L. Stahlkopf sold 3,142 shares of the business’s stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $48.78, for a total transaction of $153,266.76. Following the completion of the transaction, the executive vice president now directly owns 180,697 shares of the company’s stock, valued at approximately $8,814,399.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Cisco Systems Trading Up 1.3 %
Cisco Systems stock opened at $49.05 on Wednesday. The firm has a market cap of $200.90 billion, a PE ratio of 17.97, a P/E/G ratio of 2.24 and a beta of 1.00. Cisco Systems, Inc. has a 12 month low of $38.60 and a 12 month high of $56.94. The stock’s 50 day simple moving average is $48.46 and its two-hundred day simple moving average is $46.24. The company has a current ratio of 1.41, a quick ratio of 1.30 and a debt-to-equity ratio of 0.18.
Cisco Systems (NASDAQ:CSCO – Get Rating) last announced its quarterly earnings results on Wednesday, February 15th. The network equipment provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.12. Cisco Systems had a net margin of 21.26% and a return on equity of 31.19%. The firm had revenue of $13.59 billion for the quarter, compared to the consensus estimate of $13.41 billion. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 earnings per share. Analysts anticipate that Cisco Systems, Inc. will post 3.34 earnings per share for the current year.
Cisco Systems Increases Dividend
Analyst Upgrades and Downgrades
Several research analysts have recently commented on CSCO shares. Rosenblatt Securities boosted their price target on Cisco Systems from $51.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, February 16th. UBS Group boosted their price objective on shares of Cisco Systems from $48.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, February 16th. Cowen raised their target price on shares of Cisco Systems from $61.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, February 16th. TheStreet upgraded Cisco Systems from a “c+” rating to a “b-” rating in a research note on Monday, November 28th. Finally, The Goldman Sachs Group initiated coverage on Cisco Systems in a research report on Monday, March 6th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.55.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in CSCO. Syverson Strege & Co lifted its holdings in Cisco Systems by 68.9% during the second quarter. Syverson Strege & Co now owns 591 shares of the network equipment provider’s stock valued at $25,000 after purchasing an additional 241 shares in the last quarter. Retirement Financial Solutions LLC acquired a new stake in Cisco Systems in the 4th quarter worth about $25,000. Steward Financial Group LLC purchased a new stake in Cisco Systems during the 4th quarter worth approximately $26,000. My Personal CFO LLC acquired a new position in shares of Cisco Systems during the fourth quarter valued at approximately $27,000. Finally, Fortis Capital Advisors LLC purchased a new position in shares of Cisco Systems in the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 71.10% of the company’s stock.
About Cisco Systems
Cisco Systems, Inc engages in the design, manufacture, and sale of Internet Protocol-based networking products and services related to the communications and information technology industry. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its products include the following categories: Switches, Routers, Wireless, Network Management Interfaces and Modules, Optical Networking, Access Points, Outdoor and Industrial Access Points, Next-Generation Firewalls, Advanced Malware Protection, VPN Security Clients, Email, and Web Security.
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