Cisco Systems, Inc. (NASDAQ:CSCO – Get Rating) EVP Deborah L. Stahlkopf sold 2,142 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $48.50, for a total value of $103,887.00. Following the completion of the sale, the executive vice president now directly owns 179,378 shares of the company’s stock, valued at $8,699,833. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Cisco Systems Stock Up 1.3 %
Shares of NASDAQ CSCO opened at $49.03 on Friday. The firm has a market cap of $200.82 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 2.26 and a beta of 1.00. Cisco Systems, Inc. has a 1 year low of $38.60 and a 1 year high of $52.56. The stock’s 50-day simple moving average is $48.89 and its 200-day simple moving average is $48.36. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.39.
Cisco Systems (NASDAQ:CSCO – Get Rating) last posted its quarterly earnings data on Wednesday, May 17th. The network equipment provider reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.03. Cisco Systems had a net margin of 20.89% and a return on equity of 31.66%. The business had revenue of $14.57 billion during the quarter, compared to the consensus estimate of $14.36 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. As a group, equities analysts anticipate that Cisco Systems, Inc. will post 3.33 earnings per share for the current fiscal year.
Cisco Systems Dividend Announcement
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the company. Raymond James boosted their target price on Cisco Systems from $63.00 to $64.00 in a report on Thursday, May 18th. Tigress Financial reiterated a “buy” rating and set a $73.00 price target on shares of Cisco Systems in a research note on Friday, March 17th. Credit Suisse Group raised their price objective on shares of Cisco Systems from $67.00 to $69.00 and gave the company an “outperform” rating in a research report on Thursday, February 16th. Deutsche Bank Aktiengesellschaft decreased their price target on Cisco Systems from $55.00 to $54.00 in a research note on Monday. Finally, Morgan Stanley boosted their target price on shares of Cisco Systems from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 16th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $56.52.
Institutional Trading of Cisco Systems
Institutional investors and hedge funds have recently bought and sold shares of the stock. United Bank acquired a new position in shares of Cisco Systems during the 1st quarter worth $645,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Cisco Systems by 32.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,243,073 shares of the network equipment provider’s stock worth $236,593,000 after acquiring an additional 1,040,607 shares during the last quarter. Roundview Capital LLC increased its stake in Cisco Systems by 13.1% during the first quarter. Roundview Capital LLC now owns 10,540 shares of the network equipment provider’s stock valued at $588,000 after acquiring an additional 1,221 shares during the period. Merit Financial Group LLC raised its holdings in Cisco Systems by 21.5% in the 1st quarter. Merit Financial Group LLC now owns 11,763 shares of the network equipment provider’s stock valued at $656,000 after acquiring an additional 2,079 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of Cisco Systems by 8.1% during the 1st quarter. Mackenzie Financial Corp now owns 2,429,518 shares of the network equipment provider’s stock worth $135,470,000 after purchasing an additional 182,857 shares in the last quarter. Institutional investors and hedge funds own 71.10% of the company’s stock.
Cisco Systems Company Profile
Cisco Systems, Inc engages in the design, manufacture, and sale of Internet Protocol-based networking products and services related to the communications and information technology industry. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its products include the following categories: Switches, Routers, Wireless, Network Management Interfaces and Modules, Optical Networking, Access Points, Outdoor and Industrial Access Points, Next-Generation Firewalls, Advanced Malware Protection, VPN Security Clients, Email, and Web Security.
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