Cisco Systems, Inc. (NASDAQ:CSCO) EVP David Goeckeler sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $52.07, for a total transaction of $1,562,100.00. Following the transaction, the executive vice president now directly owns 419,439 shares in the company, valued at $21,840,188.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

NASDAQ:CSCO opened at $53.20 on Friday. The firm has a market cap of $253.35 billion, a P/E ratio of 22.74, a P/E/G ratio of 2.72 and a beta of 1.22. Cisco Systems, Inc. has a one year low of $40.19 and a one year high of $53.62. The company has a quick ratio of 1.74, a current ratio of 1.80 and a debt-to-equity ratio of 0.39.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, February 13th. The network equipment provider reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.01. The firm had revenue of $12.45 billion during the quarter, compared to analysts’ expectations of $12.43 billion. Cisco Systems had a net margin of 25.31% and a return on equity of 27.58%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.63 EPS. As a group, analysts forecast that Cisco Systems, Inc. will post 2.74 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Friday, April 5th will be paid a dividend of $0.35 per share. This is a boost from Cisco Systems’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Thursday, April 4th. Cisco Systems’s dividend payout ratio is presently 56.41%.

Cisco Systems declared that its board has approved a stock buyback plan on Wednesday, February 13th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the network equipment provider to purchase up to 6.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

A number of analysts have issued reports on CSCO shares. Wells Fargo & Co reiterated an “outperform” rating and issued a $57.00 target price (up from $52.00) on shares of Cisco Systems in a research note on Wednesday, February 13th. Credit Suisse Group set a $44.00 target price on shares of Cisco Systems and gave the company a “hold” rating in a research note on Wednesday, January 16th. KeyCorp lifted their target price on shares of Cisco Systems from $53.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, February 14th. Robert W. Baird reiterated a “buy” rating and issued a $53.00 target price on shares of Cisco Systems in a research note on Tuesday, February 12th. Finally, Argus reiterated a “buy” rating and issued a $55.00 target price on shares of Cisco Systems in a research note on Tuesday, January 15th. Seven analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Cisco Systems has a consensus rating of “Buy” and an average price target of $53.36.

Large investors have recently added to or reduced their stakes in the stock. Phocas Financial Corp. bought a new stake in Cisco Systems in the 4th quarter valued at $26,000. Essex Investment Management Co. LLC bought a new stake in Cisco Systems in the 4th quarter valued at $29,000. Horan Securities Inc. increased its holdings in Cisco Systems by 663.0% in the 4th quarter. Horan Securities Inc. now owns 763 shares of the network equipment provider’s stock valued at $33,000 after buying an additional 663 shares during the period. Portfolio Solutions LLC bought a new stake in Cisco Systems in the 4th quarter valued at $48,000. Finally, Contravisory Investment Management Inc. bought a new stake in Cisco Systems in the 4th quarter valued at $49,000. Hedge funds and other institutional investors own 68.13% of the company’s stock.

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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 worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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