Cisco Systems (NASDAQ:CSCO) Insider Sells $854,848.00 in Stock

Cisco Systems, Inc. (NASDAQ:CSCOGet Free Report) insider Jeetendra Patel sold 11,248 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $76.00, for a total transaction of $854,848.00. Following the completion of the transaction, the insider directly owned 262,776 shares of the company’s stock, valued at approximately $19,970,976. This trade represents a 4.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Cisco Systems Trading Up 0.5%

Shares of NASDAQ:CSCO opened at $78.56 on Friday. The company’s 50-day moving average price is $77.68 and its two-hundred day moving average price is $73.34. Cisco Systems, Inc. has a one year low of $52.11 and a one year high of $88.18. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.96 and a quick ratio of 0.85. The stock has a market capitalization of $310.30 billion, a PE ratio of 27.57, a price-to-earnings-growth ratio of 2.95 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCOGet Free Report) last released its earnings results on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.02. Cisco Systems had a return on equity of 27.88% and a net margin of 19.22%.The business had revenue of $15.35 billion for the quarter, compared to the consensus estimate of $15.11 billion. During the same quarter in the previous year, the business earned $0.94 earnings per share. Cisco Systems’s quarterly revenue was up 9.7% on a year-over-year basis. On average, equities analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Thursday, April 2nd will be paid a dividend of $0.42 per share. The ex-dividend date is Thursday, April 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.1%. This is an increase from Cisco Systems’s previous quarterly dividend of $0.41. Cisco Systems’s dividend payout ratio (DPR) is currently 57.54%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CSCO shares. DZ Bank raised shares of Cisco Systems to a “strong-buy” rating in a research report on Friday, February 13th. Morgan Stanley upped their target price on shares of Cisco Systems from $82.00 to $91.00 and gave the company an “overweight” rating in a report on Wednesday, December 17th. Wells Fargo & Company boosted their price target on Cisco Systems from $83.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, November 13th. President Capital cut their price objective on Cisco Systems from $90.00 to $88.00 in a research report on Wednesday, December 24th. Finally, UBS Group boosted their target price on Cisco Systems from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $89.55.

Check Out Our Latest Report on CSCO

Hedge Funds Weigh In On Cisco Systems

A number of large investors have recently made changes to their positions in the company. Brighton Jones LLC raised its stake in Cisco Systems by 49.5% in the 4th quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider’s stock worth $4,392,000 after purchasing an additional 24,562 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of Cisco Systems by 37.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider’s stock worth $542,000 after purchasing an additional 2,474 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Cisco Systems by 7.5% during the second quarter. Sivia Capital Partners LLC now owns 10,178 shares of the network equipment provider’s stock worth $706,000 after purchasing an additional 712 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Cisco Systems in the second quarter valued at approximately $20,183,000. Finally, Uhlmann Price Securities LLC boosted its stake in shares of Cisco Systems by 3.1% in the second quarter. Uhlmann Price Securities LLC now owns 18,414 shares of the network equipment provider’s stock valued at $1,278,000 after buying an additional 556 shares during the period. Institutional investors own 73.33% of the company’s stock.

Key Stories Impacting Cisco Systems

Here are the key news stories impacting Cisco Systems this week:

Cisco Systems Company Profile

(Get Free Report)

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.

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Insider Buying and Selling by Quarter for Cisco Systems (NASDAQ:CSCO)

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