Traders Sell Cisco Systems (CSCO) on Strength After Insider Selling

Investors sold shares of Cisco Systems, Inc. (NASDAQ:CSCO) on strength during trading on Friday after an insider sold shares in the company. $43.96 million flowed into the stock on the tick-up and $123.94 million flowed out of the stock on the tick-down, for a money net flow of $79.98 million out of the stock. Of all companies tracked, Cisco Systems had the 0th highest net out-flow for the day. Cisco Systems traded up $0.02 for the day and closed at $38.55Specifically, SVP Rebecca Jacoby sold 75,021 shares of the stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $38.42, for a total value of $2,882,306.82. Following the completion of the sale, the senior vice president now directly owns 257,476 shares in the company, valued at $9,892,227.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Prat Bhatt sold 2,606 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total value of $95,092.94. Following the completion of the sale, the chief accounting officer now owns 89,184 shares of the company’s stock, valued at $3,254,324.16. The disclosure for this sale can be found here. Insiders sold 348,643 shares of company stock worth $12,892,271 in the last three months. Insiders own 0.05% of the company’s stock.

Several equities research analysts have issued reports on CSCO shares. Vetr downgraded Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 price target for the company. in a report on Wednesday, August 30th. Credit Suisse Group reiterated an “outperform” rating on shares of Cisco Systems in a report on Thursday, August 31st. Oppenheimer reiterated a “buy” rating and set a $36.00 price objective on shares of Cisco Systems in a report on Friday, October 20th. Robert W. Baird reiterated a “buy” rating and set a $38.00 price objective on shares of Cisco Systems in a report on Monday, September 11th. Finally, Wells Fargo & Company reiterated an “outperform” rating and set a $42.00 price objective on shares of Cisco Systems in a report on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $37.10.

The company has a debt-to-equity ratio of 0.39, a current ratio of 2.87 and a quick ratio of 2.81. The firm has a market capitalization of $190,480.00, a P/E ratio of 19.97, a P/E/G ratio of 3.50 and a beta of 1.19.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The firm had revenue of $12.14 billion for the quarter, compared to analyst estimates of $12.11 billion. During the same quarter last year, the company earned $0.61 EPS. The company’s revenue was down 1.7% on a year-over-year basis. equities analysts forecast that Cisco Systems, Inc. will post 2.21 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.16 dividend on an annualized basis and a yield of 3.01%. Cisco Systems’s dividend payout ratio (DPR) is presently 60.10%.

A number of institutional investors have recently bought and sold shares of CSCO. Opes Advisors Inc lifted its holdings in Cisco Systems by 0.6% during the 2nd quarter. Opes Advisors Inc now owns 7,475 shares of the network equipment provider’s stock worth $236,000 after buying an additional 44 shares during the period. Southeast Asset Advisors Inc. lifted its stake in shares of Cisco Systems by 0.5% in the 1st quarter. Southeast Asset Advisors Inc. now owns 9,233 shares of the network equipment provider’s stock valued at $312,000 after purchasing an additional 44 shares during the period. Leisure Capital Management lifted its stake in shares of Cisco Systems by 0.6% in the 2nd quarter. Leisure Capital Management now owns 7,454 shares of the network equipment provider’s stock valued at $233,000 after purchasing an additional 48 shares during the period. Ronald Blue & Co. LLC lifted its stake in shares of Cisco Systems by 0.3% in the 2nd quarter. Ronald Blue & Co. LLC now owns 17,912 shares of the network equipment provider’s stock valued at $561,000 after purchasing an additional 57 shares during the period. Finally, Banced Corp lifted its stake in shares of Cisco Systems by 0.4% in the 2nd quarter. Banced Corp now owns 14,143 shares of the network equipment provider’s stock valued at $442,000 after purchasing an additional 59 shares during the period. Hedge funds and other institutional investors own 75.55% of the company’s stock.

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About Cisco Systems

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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