Maria Martinez Sells 3,628 Shares of Cisco Systems, Inc. (NASDAQ:CSCO) Stock

Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) COO Maria Martinez sold 3,628 shares of the company’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $43.34, for a total value of $157,237.52. Following the completion of the transaction, the chief operating officer now owns 295,305 shares in the company, valued at approximately $12,798,518.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Maria Martinez also recently made the following trade(s):

  • On Friday, March 11th, Maria Martinez sold 992 shares of Cisco Systems stock. The shares were sold at an average price of $55.24, for a total value of $54,798.08.

NASDAQ CSCO traded up $0.23 during trading on Wednesday, reaching $44.00. 25,495,859 shares of the company traded hands, compared to its average volume of 23,127,068. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.49. The stock’s 50 day moving average price is $51.41 and its two-hundred day moving average price is $55.36. The company has a market cap of $182.78 billion, a price-to-earnings ratio of 15.44, a P/E/G ratio of 2.07 and a beta of 0.99. Cisco Systems, Inc. has a 1-year low of $41.02 and a 1-year high of $64.29.

Cisco Systems (NASDAQ:CSCOGet Rating) last released its quarterly earnings data on Wednesday, May 18th. The network equipment provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. Cisco Systems had a return on equity of 31.22% and a net margin of 23.28%. During the same quarter in the prior year, the business earned $0.75 EPS. Equities research analysts expect that Cisco Systems, Inc. will post 3.1 EPS for the current fiscal year.

Cisco Systems declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 16th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the network equipment provider to repurchase up to 6.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Woodmont Investment Counsel LLC increased its holdings in shares of Cisco Systems by 0.4% during the fourth quarter. Woodmont Investment Counsel LLC now owns 41,425 shares of the network equipment provider’s stock worth $2,625,000 after buying an additional 180 shares in the last quarter. Autus Asset Management LLC increased its holdings in shares of Cisco Systems by 2.7% during the fourth quarter. Autus Asset Management LLC now owns 6,898 shares of the network equipment provider’s stock worth $437,000 after buying an additional 181 shares in the last quarter. Pinnacle Bancorp Inc. increased its holdings in shares of Cisco Systems by 1.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 19,212 shares of the network equipment provider’s stock worth $1,217,000 after buying an additional 183 shares in the last quarter. Cranbrook Wealth Management LLC increased its holdings in shares of Cisco Systems by 41.9% during the third quarter. Cranbrook Wealth Management LLC now owns 627 shares of the network equipment provider’s stock worth $34,000 after buying an additional 185 shares in the last quarter. Finally, Sara Bay Financial grew its holdings in shares of Cisco Systems by 1.1% during the fourth quarter. Sara Bay Financial now owns 17,723 shares of the network equipment provider’s stock worth $1,123,000 after purchasing an additional 186 shares during the last quarter. 73.18% of the stock is owned by institutional investors.

Several equities analysts have recently commented on CSCO shares. Credit Suisse Group lowered their price target on shares of Cisco Systems from $72.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, May 19th. Evercore ISI lowered their price target on shares of Cisco Systems from $62.00 to $50.00 and set an “outperform” rating on the stock in a report on Thursday, May 19th. The Goldman Sachs Group reduced their price target on Cisco Systems from $64.00 to $46.00 and set a “neutral” rating for the company in a report on Friday, May 20th. Deutsche Bank Aktiengesellschaft reduced their price target on Cisco Systems from $59.00 to $51.00 and set a “hold” rating for the company in a report on Thursday, May 19th. Finally, Bank of America reduced their price target on Cisco Systems from $62.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, May 19th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Cisco Systems has a consensus rating of “Buy” and an average target price of $55.09.

About Cisco Systems (Get Rating)

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data.

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