Cisco Systems, Inc. (CSCO) SVP Sells $2,882,306.82 in Stock

Cisco Systems, Inc. (NASDAQ:CSCO) SVP Rebecca Jacoby sold 75,021 shares of Cisco Systems stock in a transaction that occurred on 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 sale, the senior vice president now owns 257,476 shares in the company, valued at $9,892,227.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of Cisco Systems, Inc. (CSCO) opened at $38.55 on Friday. Cisco Systems, Inc. has a 12 month low of $29.80 and a 12 month high of $38.99. The company has a quick ratio of 2.81, a current ratio of 2.87 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $190,477.75, a price-to-earnings ratio of 19.97, a PEG ratio of 3.48 and a beta of 1.19.

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

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

Several brokerages have recently commented on CSCO. Vetr lowered Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $36.12 target price for the company. in a research report on Wednesday, September 13th. Robert W. Baird reiterated a “buy” rating and issued a $38.00 target price on shares of Cisco Systems in a research report on Monday, September 11th. KeyCorp reiterated a “buy” rating on shares of Cisco Systems in a research report on Friday, September 8th. Deutsche Bank reiterated a “buy” rating and issued a $40.00 target price on shares of Cisco Systems in a research report on Wednesday, September 6th. Finally, ValuEngine upgraded Cisco Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $37.10.

Several institutional investors have recently made changes to their positions in CSCO. Barnett & Company Inc. raised its position in Cisco Systems by 1,511.5% during the second quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock valued at $101,000 after buying an additional 3,023 shares during the period. Tortoise Investment Management LLC raised its position in Cisco Systems by 36.1% during the second quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock valued at $104,000 after buying an additional 878 shares during the period. Mountain Capital Investment Advisors Inc acquired a new position in Cisco Systems during the second quarter valued at $104,000. Grove Bank & Trust raised its position in Cisco Systems by 141.3% during the second quarter. Grove Bank & Trust now owns 3,620 shares of the network equipment provider’s stock valued at $113,000 after buying an additional 2,120 shares during the period. Finally, Manchester Capital Management LLC raised its position in Cisco Systems by 10.7% during the second quarter. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider’s stock valued at $113,000 after buying an additional 350 shares during the period. 75.55% 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).

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

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