Cisco Systems, Inc. (NASDAQ:CSCO) SVP Sells 3,379 Shares of Stock

Cisco Systems, Inc. (NASDAQ:CSCO) SVP Maria Victoria Wong sold 3,379 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $50.36, for a total value of $170,166.44. Following the completion of the transaction, the senior vice president now directly owns 47,182 shares in the company, valued at approximately $2,376,085.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Maria Victoria Wong also recently made the following trade(s):

• On Thursday, June 13th, Maria Victoria Wong sold 762 shares of Cisco Systems stock. The shares were sold at an average price of $45.42, for a total value of $34,610.04.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO traded down $0.86 during mid-day trading on Wednesday, hitting $49.85. The stock had a trading volume of 14,564,170 shares, compared to its average volume of 19,749,945. The company has a 50 day moving average of $47.40 and a two-hundred day moving average of $47.89. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $58.19. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 0.89. The firm has a market cap of $200.84 billion, a PE ratio of 16.78, a PEG ratio of 2.97 and a beta of 0.85.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The firm had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $13.53 billion. Cisco Systems had a return on equity of 30.82% and a net margin of 21.88%. The company’s revenue was down 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 earnings per share. Research analysts predict that Cisco Systems, Inc. will post 3.14 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be issued a $0.40 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.60 annualized dividend and a dividend yield of 3.21%. Cisco Systems’s dividend payout ratio (DPR) is presently 53.87%.

Institutional Investors Weigh In On Cisco Systems

Hedge funds have recently bought and sold shares of the stock. GUNN & Co INVESTMENT MANAGEMENT INC. increased its holdings in Cisco Systems by 1,161.9% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 1,008,782 shares of the network equipment provider’s stock worth $50,964,000 after acquiring an additional 928,841 shares in the last quarter. Silver Oak Securities Incorporated increased its stake in shares of Cisco Systems by 141.5% during the fourth quarter. Silver Oak Securities Incorporated now owns 7,582 shares of the network equipment provider’s stock worth $383,000 after purchasing an additional 4,442 shares in the last quarter. Gilbert & Cook Inc. raised its position in shares of Cisco Systems by 1.1% during the 4th quarter. Gilbert & Cook Inc. now owns 23,417 shares of the network equipment provider’s stock worth $1,183,000 after purchasing an additional 264 shares during the last quarter. Mather Group LLC. lifted its stake in Cisco Systems by 0.5% in the 4th quarter. Mather Group LLC. now owns 59,579 shares of the network equipment provider’s stock valued at $3,010,000 after buying an additional 282 shares in the last quarter. Finally, Choreo LLC increased its stake in Cisco Systems by 53.6% during the 4th quarter. Choreo LLC now owns 95,923 shares of the network equipment provider’s stock worth $4,846,000 after buying an additional 33,489 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CSCO shares. Piper Sandler restated a “neutral” rating and set a $52.00 price target on shares of Cisco Systems in a research note on Thursday, August 15th. Rosenblatt Securities raised their target price on shares of Cisco Systems from $56.00 to $58.00 and gave the company a “neutral” rating in a research report on Thursday, August 15th. New Street Research raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Cisco Systems from $52.00 to $53.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Cisco Systems from $53.00 to $55.00 and gave the stock a “hold” rating in a research note on Thursday, August 8th. Despite investors’ hopes for a rebound in Networking Equipment demand to boost Cisco’s fourth-quarter 2024 performance, the anticipation is tempered by limited indications of a significant recovery in demand. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $55.89.

Cisco Systems Company Profile

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.