Deborah L. Stahlkopf Sells 58,188 Shares of Cisco Systems, Inc. (NASDAQ:CSCO) Stock

Cisco Systems, Inc. (NASDAQ:CSCO) EVP Deborah L. Stahlkopf sold 58,188 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $57.49, for a total value of $3,345,228.12. Following the completion of the sale, the executive vice president now directly owns 219,100 shares in the company, valued at approximately $12,596,059. The trade was a 20.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Cisco Systems Price Performance

Shares of CSCO traded down $0.30 during midday trading on Tuesday, hitting $57.01. The company’s stock had a trading volume of 17,474,825 shares, compared to its average volume of 19,158,156. The stock has a market capitalization of $227.51 billion, a price-to-earnings ratio of 24.43, a price-to-earnings-growth ratio of 4.67 and a beta of 0.83. The company’s fifty day simple moving average is $54.35 and its two-hundred day simple moving average is $49.88. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $59.38.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The business had revenue of $13.84 billion during the quarter, compared to analysts’ expectations of $13.78 billion. During the same period in the previous year, the company earned $0.98 earnings per share. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, equities analysts expect that Cisco Systems, Inc. will post 2.89 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd will be given a $0.40 dividend. The ex-dividend date is Friday, January 3rd. This represents a $1.60 annualized dividend and a yield of 2.81%. Cisco Systems’s payout ratio is 68.67%.

Institutional Investors Weigh In On Cisco Systems

Several hedge funds and other institutional investors have recently made changes to their positions in CSCO. Hohimer Wealth Management LLC raised its holdings in Cisco Systems by 24.7% in the 3rd quarter. Hohimer Wealth Management LLC now owns 104,481 shares of the network equipment provider’s stock worth $5,560,000 after purchasing an additional 20,679 shares during the period. Soltis Investment Advisors LLC lifted its holdings in shares of Cisco Systems by 6.6% during the third quarter. Soltis Investment Advisors LLC now owns 12,930 shares of the network equipment provider’s stock worth $688,000 after purchasing an additional 798 shares during the period. Fortem Financial Group LLC increased its stake in Cisco Systems by 35.7% in the third quarter. Fortem Financial Group LLC now owns 53,774 shares of the network equipment provider’s stock valued at $2,862,000 after purchasing an additional 14,135 shares during the period. Financial Avengers Inc. boosted its position in Cisco Systems by 76.9% during the third quarter. Financial Avengers Inc. now owns 3,001 shares of the network equipment provider’s stock worth $160,000 after acquiring an additional 1,305 shares during the last quarter. Finally, Coldstream Capital Management Inc. grew its position in shares of Cisco Systems by 6.6% in the 3rd quarter. Coldstream Capital Management Inc. now owns 180,538 shares of the network equipment provider’s stock worth $9,650,000 after acquiring an additional 11,139 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CSCO shares. Hsbc Global Res upgraded shares of Cisco Systems to a “strong-buy” rating in a report on Friday, August 16th. Evercore ISI raised their target price on Cisco Systems from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Barclays raised their target price on shares of Cisco Systems from $49.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. New Street Research raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Thursday, August 15th. Finally, Morgan Stanley lifted their target price on Cisco Systems from $58.00 to $62.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $59.94.

About Cisco Systems

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. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.