Cisco Systems Target of Unusually High Options Trading (CSCO)

Cisco Systems, Inc. (NASDAQ:CSCO) saw some unusual options trading activity on Wednesday. Traders acquired 21,024 call options on the company. This represents an increase of 113% compared to the typical daily volume of 9,855 call options.

Shares of Cisco Systems (NASDAQ:CSCO) opened at 31.47 on Friday. The company has a market capitalization of $157.35 billion, a PE ratio of 15.97 and a beta of 1.24. Cisco Systems has a 1-year low of $29.12 and a 1-year high of $34.60. The stock’s 50 day moving average price is $31.54 and its 200-day moving average price is $32.53.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, May 17th. The network equipment provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. Cisco Systems had a return on equity of 17.31% and a net margin of 20.61%. The firm had revenue of $11.94 billion for the quarter, compared to analysts’ expectations of $11.90 billion. During the same period in the prior year, the firm posted $0.57 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. On average, equities analysts predict that Cisco Systems will post $2.38 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 26th. Investors of record on Friday, July 7th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, July 5th. This represents a $1.16 annualized dividend and a dividend yield of 3.69%. Cisco Systems’s dividend payout ratio (DPR) is presently 58.29%.

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets downgraded shares of Cisco Systems from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $37.00 to $35.00 in a research note on Tuesday, May 9th. Drexel Hamilton restated a “buy” rating and issued a $40.00 price target on shares of Cisco Systems in a research note on Tuesday, May 16th. Robert W. Baird restated a “buy” rating on shares of Cisco Systems in a research note on Monday, May 1st. Royal Bank Of Canada restated an “outperform” rating and issued a $36.00 price target (down from $37.00) on shares of Cisco Systems in a research note on Thursday, May 18th. Finally, Zacks Investment Research downgraded shares of Cisco Systems from a “hold” rating to a “sell” rating in a research note on Monday, May 15th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-two have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $35.31.

In other news, insider John T. Chambers sold 295,537 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $31.52, for a total value of $9,315,326.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Rebecca Jacoby sold 92,840 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $31.71, for a total transaction of $2,943,956.40. Following the completion of the sale, the senior vice president now owns 271,725 shares in the company, valued at $8,616,399.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 396,179 shares of company stock worth $12,503,407. 0.11% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in CSCO. United Capital Financial Advisers LLC boosted its stake in Cisco Systems by 4.1% in the fourth quarter. United Capital Financial Advisers LLC now owns 1,784,417 shares of the network equipment provider’s stock valued at $53,925,000 after buying an additional 69,745 shares during the period. Cigna Investments Inc. New acquired a new stake in Cisco Systems during the fourth quarter valued at approximately $5,717,000. L & S Advisors Inc acquired a new stake in Cisco Systems during the fourth quarter valued at approximately $1,982,000. Fortis Advisors LLC acquired a new stake in Cisco Systems during the fourth quarter valued at approximately $419,000. Finally, Menora Mivtachim Holdings LTD. boosted its stake in Cisco Systems by 0.5% in the fourth quarter. Menora Mivtachim Holdings LTD. now owns 2,026,340 shares of the network equipment provider’s stock valued at $61,236,000 after buying an additional 10,000 shares during the period. 75.40% of the stock is currently owned by institutional investors.

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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).

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