Cisco Systems, Inc. (NASDAQ:CSCO) EVP Deborah L. Stahlkopf Sells 2,619 Shares

Cisco Systems, Inc. (NASDAQ:CSCOGet Free Report) EVP Deborah L. Stahlkopf sold 2,619 shares of Cisco Systems stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $45.34, for a total transaction of $118,745.46. Following the sale, the executive vice president now owns 176,384 shares of the company’s stock, valued at $7,997,250.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Cisco Systems Trading Up 0.4 %

Shares of CSCO stock traded up $0.16 during trading on Friday, hitting $45.68. 15,222,369 shares of the stock traded hands, compared to its average volume of 19,426,902. The firm has a market capitalization of $184.04 billion, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 2.64 and a beta of 0.85. Cisco Systems, Inc. has a 52-week low of $44.97 and a 52-week high of $58.19. 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 firm’s fifty day moving average price is $47.47 and its 200-day moving average price is $48.91.

Cisco Systems (NASDAQ:CSCOGet Free Report) last issued its quarterly earnings data on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 EPS. The company’s quarterly revenue was down 12.8% on a year-over-year basis. As a group, research analysts forecast that Cisco Systems, Inc. will post 3.14 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

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

Institutional Investors Weigh In On Cisco Systems

Institutional investors and hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of Cisco Systems by 9.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 73,439,747 shares of the network equipment provider’s stock worth $3,672,445,000 after acquiring an additional 6,345,954 shares during the period. Bank of New York Mellon Corp raised its position in Cisco Systems by 3.6% in the 1st quarter. Bank of New York Mellon Corp now owns 68,463,463 shares of the network equipment provider’s stock valued at $3,417,011,000 after purchasing an additional 2,386,508 shares in the last quarter. FMR LLC boosted its stake in shares of Cisco Systems by 3.2% in the 3rd quarter. FMR LLC now owns 57,102,221 shares of the network equipment provider’s stock valued at $3,069,815,000 after buying an additional 1,790,717 shares during the period. Northern Trust Corp increased its stake in shares of Cisco Systems by 3.8% during the third quarter. Northern Trust Corp now owns 50,549,422 shares of the network equipment provider’s stock worth $2,717,537,000 after buying an additional 1,847,682 shares during the period. Finally, Norges Bank acquired a new stake in Cisco Systems in the fourth quarter valued at approximately $2,528,939,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Oppenheimer increased their price target on Cisco Systems from $54.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, May 16th. Piper Sandler reiterated a “neutral” rating and set a $52.00 price target on shares of Cisco Systems in a research report on Wednesday, June 5th. Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a research report on Monday. StockNews.com lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Finally, Bank of America raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and increased their price target for the stock from $55.00 to $60.00 in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $56.47.

Read Our Latest Stock Report on CSCO

About Cisco Systems

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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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