Cisco Systems, Inc. (NASDAQ:CSCO) EVP Deborah L. Stahlkopf Sells 3,142 Shares

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 5th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.18%. This is an increase from Cisco Systems’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Tuesday, April 4th. Cisco Systems’s dividend payout ratio is presently 57.14%.

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

(Get Rating)

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.