Cisco Systems, Inc. (CSCO) SVP Karen Walker Sells 7,802 Shares

Cisco Systems, Inc. (NASDAQ:CSCO) SVP Karen Walker sold 7,802 shares of the company’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $31.29, for a total value of $244,124.58. Following the completion of the sale, the senior vice president now owns 178,577 shares of the company’s stock, valued at approximately $5,587,674.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Cisco Systems, Inc. (NASDAQ CSCO) traded down 0.32% on Wednesday, reaching $31.60. The company’s stock had a trading volume of 24,940,406 shares. Cisco Systems, Inc. has a 52 week low of $27.13 and a 52 week high of $34.60. The firm has a market capitalization of $158.00 billion, a price-to-earnings ratio of 16.04 and a beta of 1.23. The company has a 50 day moving average of $32.67 and a 200 day moving average of $32.16. Cisco Systems also saw unusually large options trading on Tuesday. Stock traders bought 12,632 call options on the company. This represents an increase of 278% compared to the typical daily volume of 3,338 call options.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, May 17th. The network equipment provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. Cisco Systems had a return on equity of 17.31% and a net margin of 20.61%. The company had revenue of $11.94 billion for the quarter, compared to analysts’ expectations of $11.90 billion. During the same period in the prior year, the firm earned $0.57 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. On average, analysts forecast that Cisco Systems, Inc. will post $2.38 earnings per share for the current year.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 26th. Shareholders of record on Friday, July 7th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend is Wednesday, July 5th. Cisco Systems’s dividend payout ratio (DPR) is 58.29%.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CSCO. Whalerock Point Partners LLC purchased a new position in Cisco Systems during the third quarter worth approximately $1,706,000. Brinker Capital Inc. purchased a new position in Cisco Systems during the third quarter worth approximately $507,000. MEMBERS Trust Co boosted its position in Cisco Systems by 1.0% in the third quarter. MEMBERS Trust Co now owns 16,983 shares of the network equipment provider’s stock worth $539,000 after buying an additional 164 shares during the period. Piedmont Investment Advisors LLC purchased a new position in Cisco Systems during the third quarter worth approximately $33,021,000. Finally, Price T Rowe Associates Inc. MD boosted its position in Cisco Systems by 5.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 69,860,968 shares of the network equipment provider’s stock worth $2,215,990,000 after buying an additional 3,555,286 shares during the period. Institutional investors own 76.11% of the company’s stock.

A number of analysts have commented on CSCO shares. Vetr cut Cisco Systems from a “hold” rating to a “sell” rating and set a $33.20 price target for the company. in a research report on Wednesday, March 15th. Zacks Investment Research upgraded Cisco Systems from a “sell” rating to a “hold” rating in a research report on Monday, February 20th. Sanford C. Bernstein restated an “overweight” rating and issued a $34.00 price target on shares of Cisco Systems in a research report on Sunday, February 19th. Jefferies Group LLC restated a “buy” rating and issued a $37.00 price target on shares of Cisco Systems in a research report on Friday, May 26th. Finally, Robert W. Baird upped their price target on Cisco Systems from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, February 16th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-two have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $35.19.

Cisco Systems Company Profile

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CSCO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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