Cisco Systems, Inc. (NASDAQ:CSCO) EVP Jeffery S. Sharritts Sells 5,175 Shares

Cisco Systems, Inc. (NASDAQ:CSCO – Get Rating) EVP Jeffery S. Sharritts sold 5,175 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $49.11, for a total transaction of $254,144.25. Following the transaction, the executive vice president now owns 259,893 shares in the company, valued at $12,763,345.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Cisco Systems Trading Up 0.2 %

Shares of NASDAQ:CSCO opened at $48.91 on Wednesday. Cisco Systems, Inc. has a 12 month low of $38.60 and a 12 month high of $52.56. The company has a quick ratio of 1.27, a current ratio of 1.39 and a debt-to-equity ratio of 0.16. The company’s fifty day simple moving average is $48.93 and its 200 day simple moving average is $48.35. The firm has a market cap of $200.33 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 2.27 and a beta of 1.00.

Cisco Systems (NASDAQ:CSCO – Get Rating) last released its earnings results on Wednesday, May 17th. The network equipment provider reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. The business had revenue of $14.57 billion during the quarter, compared to the consensus estimate of $14.36 billion. Cisco Systems had a net margin of 20.89% and a return on equity of 31.66%. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 earnings per share. As a group, research analysts forecast that Cisco Systems, Inc. will post 3.33 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 26th. Investors of record on Thursday, July 6th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Wednesday, July 5th. Cisco Systems’s dividend payout ratio (DPR) is currently 56.12%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CSCO. Retirement Financial Solutions LLC bought a new position in Cisco Systems in the fourth quarter valued at $25,000. Steward Financial Group LLC bought a new position in shares of Cisco Systems in the 4th quarter valued at about $26,000. My Personal CFO LLC bought a new position in shares of Cisco Systems in the 4th quarter valued at about $27,000. Altshuler Shaham Ltd bought a new position in shares of Cisco Systems in the 1st quarter valued at about $32,000. Finally, Fortis Capital Advisors LLC bought a new position in shares of Cisco Systems in the 4th quarter valued at about $34,000. Institutional investors own 71.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CSCO. Rosenblatt Securities boosted their price target on shares of Cisco Systems from $51.00 to $53.00 and gave the stock a “neutral” rating in a research note on Thursday, February 16th. DZ Bank raised shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Friday, February 17th. Tigress Financial reissued a “buy” rating and set a $73.00 price target on shares of Cisco Systems in a research note on Friday, March 17th. The Goldman Sachs Group initiated coverage on shares of Cisco Systems in a research note on Monday, March 6th. They set a “neutral” rating for the company. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Cisco Systems from $55.00 to $54.00 in a report on Monday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.52.

Cisco Systems Company Profile

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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.