Thimaya Subaiya Sells 312 Shares of Cisco Systems (NASDAQ:CSCO) Stock

Cisco Systems, Inc. (NASDAQ:CSCO) EVP Thimaya Subaiya sold 312 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $110.18, for a total value of $34,376.16. Following the sale, the executive vice president owned 127,661 shares in the company, valued at $14,065,688.98. This represents a 0.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cisco Systems Trading Down 1.8%

Shares of CSCO stock traded down $2.07 during mid-day trading on Monday, reaching $110.06. 12,539,584 shares of the stock traded hands, compared to its average volume of 13,874,982. The company has a market cap of $433.92 billion, a price-to-earnings ratio of 32.95, a price-to-earnings-growth ratio of 2.34 and a beta of 1.00. The company has a quick ratio of 0.79, a current ratio of 0.93 and a debt-to-equity ratio of 0.39. The stock’s fifty day simple moving average is $113.58 and its two-hundred day simple moving average is $103.71. Cisco Systems, Inc. has a 1-year low of $66.35 and a 1-year high of $130.37.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.05. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The firm had revenue of $17.25 billion during the quarter, compared to analysts’ expectations of $16.84 billion. During the same period in the prior year, the company posted $0.99 EPS. The company’s revenue was up 17.6% on a year-over-year basis. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. On average, research analysts anticipate that Cisco Systems, Inc. will post 4.43 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.68 annualized dividend and a dividend yield of 1.5%. Cisco Systems’s payout ratio is presently 50.30%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CSCO. Zacks Research lowered Cisco Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. KeyCorp upped their target price on shares of Cisco Systems from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Barclays raised their price target on shares of Cisco Systems from $121.00 to $123.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. Morgan Stanley increased their price objective on shares of Cisco Systems from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Finally, HSBC lowered Cisco Systems from a “buy” rating to a “hold” rating and reduced their target price for the company from $137.00 to $120.00 in a report on Friday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.68.

Institutional Investors Weigh In On Cisco Systems

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bullseye Investment Management LLC purchased a new position in Cisco Systems in the 2nd quarter worth approximately $159,000. Rench Wealth Management Inc. raised its stake in shares of Cisco Systems by 36.9% in the second quarter. Rench Wealth Management Inc. now owns 98,412 shares of the network equipment provider’s stock worth $11,559,000 after purchasing an additional 26,505 shares during the last quarter. Bouchey Financial Group Ltd. raised its holdings in shares of Cisco Systems by 10.1% during the second quarter. Bouchey Financial Group Ltd. now owns 12,919 shares of the network equipment provider’s stock valued at $1,518,000 after purchasing an additional 1,189 shares during the last quarter. Tortoise Investment Management LLC grew its position in Cisco Systems by 3.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 6,030 shares of the network equipment provider’s stock worth $708,000 after purchasing an additional 187 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in Cisco Systems by 14.0% in the second quarter. Sequoia Financial Advisors LLC now owns 228,014 shares of the network equipment provider’s stock worth $27,752,000 after purchasing an additional 27,922 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

About Cisco Systems

Cisco Systems, Inc is a global technology company that provides networking, cybersecurity, collaboration, observability and other information technology solutions. Its offerings include routers, switches, wireless networking equipment, data center infrastructure, security platforms, unified communications tools and software designed to help organizations connect, manage and protect their digital environments.

Cisco serves businesses, government agencies, educational institutions, telecommunications providers and other organizations worldwide.