Insider Selling: Cisco Systems, Inc. (CSCO) SVP Sells $2,107,950.00 in Stock

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%.

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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).

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

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