Cisco Systems, Inc. (NASDAQ:CSCO) SVP Sells $34,610.04 in Stock (2024)

Cisco Systems, Inc. (NASDAQ:CSCO - Get Free Report) SVP Maria Victoria Wong sold 762 shares of the business's stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $45.42, for a total transaction of $34,610.04. Following the sale, the senior vice president now owns 51,788 shares in the company, valued at $2,352,210.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, May 29th, Maria Victoria Wong sold 3,378 shares of Cisco Systems stock. The stock was sold at an average price of $45.89, for a total transaction of $155,016.42.

Cisco Systems Price Performance

Shares of NASDAQ CSCO opened at $45.68 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.89 and a quick ratio of 0.82. The stock has a fifty day moving average price of $47.41 and a 200 day moving average price of $48.89. Cisco Systems, Inc. has a 1-year low of $44.97 and a 1-year high of $58.19. The company has a market cap of $184.04 billion, a PE ratio of 15.38, a P/E/G ratio of 2.64 and a beta of 0.85.

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Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.18. Cisco Systems had a return on equity of 30.82% and a net margin of 21.88%. The firm had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $12.53 billion. During the same period last year, the company earned $0.88 earnings per share. The company's revenue for the quarter was down 12.8% on a year-over-year basis. Sell-side analysts forecast that Cisco Systems, Inc. will post 3.14 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Friday, July 5th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Friday, July 5th. Cisco Systems's dividend payout ratio is presently 53.87%.

Analysts Set New Price Targets

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A number of analysts recently weighed in on CSCO shares. Piper Sandler restated a "neutral" rating and set a $52.00 target price on shares of Cisco Systems in a research note on Wednesday, June 5th. Morgan Stanley started coverage on shares of Cisco Systems in a research note on Tuesday, April 9th. They set an "overweight" rating and a $58.00 target price on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Cisco Systems from $51.00 to $52.00 and gave the stock a "hold" rating in a research note on Tuesday, April 9th. Barclays increased their price target on shares of Cisco Systems from $48.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, May 17th. Finally, Wells Fargo & Company increased their price target on shares of Cisco Systems from $52.00 to $57.00 and gave the company an "equal weight" rating in a research note on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $56.47.

View Our Latest Stock Analysis on CSCO

Institutional Investors Weigh In On Cisco Systems

Several hedge funds have recently modified their holdings of CSCO. Roble Belko & Company Inc raised its stake in shares of Cisco Systems by 77.1% during the 4th quarter. Roble Belko & Company Inc now owns 6,405 shares of the network equipment provider's stock worth $324,000 after buying an additional 2,788 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in Cisco Systems in the 4th quarter valued at about $28,685,000. Adage Capital Partners GP L.L.C. grew its holdings in Cisco Systems by 1.1% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 4,470,521 shares of the network equipment provider's stock valued at $240,335,000 after buying an additional 49,700 shares during the period. Allen Mooney & Barnes Investment Advisors LLC grew its holdings in Cisco Systems by 0.6% in the 4th quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 192,674 shares of the network equipment provider's stock valued at $9,734,000 after buying an additional 1,097 shares during the period. Finally, Thompson Siegel & Walmsley LLC grew its holdings in Cisco Systems by 0.6% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 270,841 shares of the network equipment provider's stock valued at $13,683,000 after buying an additional 1,520 shares during the period. 73.33% of the stock is owned by institutional investors and hedge funds.

Cisco Systems Company Profile

(Get Free Report)

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.

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