Insider Selling: Cisco Systems (NASDAQ:CSCO) SVP Sells $169,395.46 in Stock

Cisco Systems, Inc. (NASDAQ:CSCOGet Free Report) SVP Maria Victoria Wong sold 2,179 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $77.74, for a total value of $169,395.46. Following the completion of the transaction, the senior vice president owned 28,807 shares in the company, valued at $2,239,456.18. The trade was a 7.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Friday, February 13th, Maria Victoria Wong sold 51 shares of Cisco Systems stock. The stock was sold at an average price of $74.24, for a total transaction of $3,786.24.
  • On Thursday, December 11th, Maria Victoria Wong sold 428 shares of Cisco Systems stock. The stock was sold at an average price of $80.33, for a total transaction of $34,381.24.

Cisco Systems Price Performance

CSCO stock opened at $78.10 on Friday. The company’s 50-day moving average price is $77.80 and its two-hundred day moving average price is $73.65. The firm has a market cap of $308.47 billion, a P/E ratio of 27.40, a P/E/G ratio of 2.99 and a beta of 0.87. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 0.45. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $88.18.

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

Cisco Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Thursday, April 2nd will be issued a dividend of $0.42 per share. This is an increase from Cisco Systems’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.2%. Cisco Systems’s payout ratio is presently 57.54%.

Institutional Investors Weigh In On Cisco Systems

A number of institutional investors have recently added to or reduced their stakes in the business. Smithfield Trust Co grew its stake in shares of Cisco Systems by 0.3% in the fourth quarter. Smithfield Trust Co now owns 33,666 shares of the network equipment provider’s stock worth $2,596,000 after purchasing an additional 117 shares during the last quarter. Main Management ETF Advisors LLC lifted its holdings in Cisco Systems by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 12,528 shares of the network equipment provider’s stock worth $965,000 after buying an additional 128 shares during the period. First Commonwealth Financial Corp PA grew its position in shares of Cisco Systems by 0.9% in the 4th quarter. First Commonwealth Financial Corp PA now owns 13,656 shares of the network equipment provider’s stock valued at $1,052,000 after buying an additional 128 shares during the last quarter. Cairn Investment Group Inc. increased its stake in shares of Cisco Systems by 0.5% in the fourth quarter. Cairn Investment Group Inc. now owns 24,146 shares of the network equipment provider’s stock valued at $1,860,000 after buying an additional 130 shares during the period. Finally, Juncture Wealth Strategies LLC increased its stake in shares of Cisco Systems by 0.9% in the fourth quarter. Juncture Wealth Strategies LLC now owns 15,042 shares of the network equipment provider’s stock valued at $1,159,000 after buying an additional 132 shares during the period. 73.33% of the stock is owned by institutional investors.

Key Headlines Impacting Cisco Systems

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

Wall Street Analysts Forecast Growth

CSCO has been the topic of a number of recent analyst reports. Zacks Research upgraded Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. BNP Paribas Exane raised their price target on shares of Cisco Systems from $86.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. HSBC upped their price objective on shares of Cisco Systems from $74.00 to $77.00 and gave the stock a “hold” rating in a research report on Friday, February 13th. DZ Bank upgraded shares of Cisco Systems to a “strong-buy” rating in a research report on Friday, February 13th. Finally, President Capital decreased their target price on shares of Cisco Systems from $90.00 to $88.00 in a research note on Wednesday, December 24th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.55.

View Our Latest Stock Analysis on Cisco Systems

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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