Cisco Systems, Inc. (NASDAQ:CSCO) SVP Maria Victoria Wong Sells 762 Shares

Cisco Systems, Inc. (NASDAQ:CSCOGet Free Report) SVP Maria Victoria Wong sold 762 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $45.42, for a total value of $34,610.04. Following the completion of the sale, the senior vice president now owns 51,788 shares of the company’s stock, valued at $2,352,210.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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 value of $155,016.42.

Cisco Systems Stock Performance

Shares of CSCO stock traded up $0.16 during mid-day trading on Friday, reaching $45.68. The stock had a trading volume of 15,222,369 shares, compared to its average volume of 19,426,902. The business’s fifty day moving average is $47.47 and its 200-day moving average is $48.91. The company has a current ratio of 0.89, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44. The firm has a market cap of $184.04 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 2.64 and a beta of 0.85. Cisco Systems, Inc. has a 1-year low of $44.97 and a 1-year high of $58.19.

Cisco Systems (NASDAQ:CSCOGet Free Report) last announced its quarterly earnings data on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share for the quarter, beating 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 business had revenue of $12.70 billion for the quarter, compared to analyst estimates of $12.53 billion. During the same period in the prior year, the company earned $0.88 earnings per share. The company’s revenue was down 12.8% on a year-over-year basis. On average, research analysts forecast that Cisco Systems, Inc. will post 3.14 earnings per share for the current year.

Cisco Systems Announces Dividend

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

Analyst Upgrades and Downgrades

CSCO has been the subject of a number of analyst reports. Oppenheimer upped their price objective on Cisco Systems from $54.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday, May 16th. Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a research note on Monday. Morgan Stanley initiated coverage on Cisco Systems in a research note on Tuesday, April 9th. They set an “overweight” rating and a $58.00 price objective for the company. StockNews.com cut Cisco Systems from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Finally, Citigroup started coverage on Cisco Systems in a research report on Friday, April 12th. They set a “neutral” rating and a $52.00 target price on the stock. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Cisco Systems has an average rating of “Hold” and a consensus target price of $56.47.

Get Our Latest Stock Analysis on CSCO

Institutional Trading of Cisco Systems

A number of hedge funds have recently modified their holdings of CSCO. Norges Bank purchased a new stake in shares of Cisco Systems in the fourth quarter worth about $2,528,939,000. Swedbank AB purchased a new position in Cisco Systems during the first quarter worth approximately $840,538,000. Charles Schwab Investment Management Inc. boosted its position in 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 purchasing an additional 6,345,954 shares in the last quarter. FIL Ltd boosted its position in Cisco Systems by 47.1% during the fourth quarter. FIL Ltd now owns 18,922,422 shares of the network equipment provider’s stock worth $955,961,000 after purchasing an additional 6,054,748 shares in the last quarter. Finally, Natixis boosted its position in Cisco Systems by 438.4% during the first quarter. Natixis now owns 4,924,988 shares of the network equipment provider’s stock worth $245,806,000 after purchasing an additional 4,010,228 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

About Cisco Systems

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

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