Cisco Systems, Inc. (NASDAQ:CSCO) SVP Mark D. Chandler sold 65,000 shares of Cisco Systems stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $32.43, for a total transaction of $2,107,950.00. The transaction was disclosed in a filing with the SEC, which is available through this link.
Cisco Systems, Inc. (CSCO) opened at 33.37 on Friday. The stock has a market cap of $165.25 billion, a PE ratio of 17.56 and a beta of 1.19. The firm has a 50 day moving average of $31.72 and a 200-day moving average of $32.41. Cisco Systems, Inc. has a 52-week low of $29.12 and a 52-week high of $34.60.
Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.61. The firm had revenue of $12.13 billion during the quarter, compared to analyst estimates of $12.07 billion. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. The business’s revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the business earned $0.63 EPS. Equities analysts anticipate that Cisco Systems, Inc. will post $2.43 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Thursday, October 5th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $1.16 annualized dividend and a dividend yield of 3.48%. Cisco Systems’s dividend payout ratio (DPR) is presently 60.73%.
COPYRIGHT VIOLATION NOTICE: “Insider Selling: Cisco Systems, Inc. (CSCO) SVP Sells $2,107,950.00 in Stock” was originally posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.truebluetribune.com/2017/09/23/insider-selling-cisco-systems-inc-csco-svp-sells-2107950-00-in-stock.html.
Several brokerages have recently issued reports on CSCO. Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a research note on Tuesday. Vetr lowered shares of Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $36.12 price target for the company. in a research note on Wednesday, September 13th. Robert W. Baird restated a “buy” rating and set a $38.00 price target on shares of Cisco Systems in a research note on Monday, September 11th. KeyCorp restated a “buy” rating on shares of Cisco Systems in a research note on Friday, September 8th. Finally, Deutsche Bank AG restated a “buy” rating and set a $40.00 price target on shares of Cisco Systems in a research note on Wednesday, September 6th. Fourteen research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $35.57.
Several institutional investors have recently added to or reduced their stakes in the company. Bogart Wealth LLC lifted its holdings in shares of Cisco Systems by 44.2% in the 2nd quarter. Bogart Wealth LLC now owns 44,452 shares of the network equipment provider’s stock worth $1,391,000 after acquiring an additional 13,621 shares during the last quarter. MPS Loria Financial Planners LLC bought a new stake in shares of Cisco Systems in the 2nd quarter worth about $646,000. Frontier Investment Mgmt Co. lifted its holdings in shares of Cisco Systems by 1.2% in the 2nd quarter. Frontier Investment Mgmt Co. now owns 377,432 shares of the network equipment provider’s stock worth $11,814,000 after acquiring an additional 4,341 shares during the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of Cisco Systems by 3.7% in the 2nd quarter. Perigon Wealth Management LLC now owns 179,705 shares of the network equipment provider’s stock worth $5,625,000 after acquiring an additional 6,394 shares during the last quarter. Finally, W. E. Donoghue & Co. LLC bought a new stake in shares of Cisco Systems in the 2nd quarter worth about $16,034,000. Hedge funds and other institutional investors own 75.37% of the company’s stock.
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).
Receive News & Ratings for Cisco Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.