Cisco Systems, Inc. (NASDAQ:CSCO) SVP Maria Victoria Wong Sells 206 Shares of Stock

Cisco Systems, Inc. (NASDAQ:CSCO) SVP Maria Victoria Wong sold 206 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $56.30, for a total value of $11,597.80. Following the transaction, the senior vice president now directly owns 64,178 shares of the company’s stock, valued at approximately $3,613,221.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Maria Victoria Wong also recently made the following trade(s):

• On Friday, August 18th, Maria Victoria Wong sold 6,186 shares of Cisco Systems stock. The shares were sold at an average price of $54.65, for a total transaction of $338,064.90.

Cisco Systems Stock Performance

Shares of Cisco Systems stock opened at $56.37 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The company has a market cap of $228.57 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 2.49 and a beta of 0.97. The business has a 50 day moving average price of $54.00 and a 200-day moving average price of $51.05. Cisco Systems, Inc. has a 52 week low of $38.60 and a 52 week high of $58.19.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, August 16th. The network equipment provider reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.08. Cisco Systems had a return on equity of 33.42% and a net margin of 22.13%. The company had revenue of $15.20 billion during the quarter, compared to the consensus estimate of $15.05 billion. During the same period last year, the business posted $0.74 earnings per share. Cisco Systems’s revenue was up 16.0% on a year-over-year basis. Equities analysts anticipate that Cisco Systems, Inc. will post 3.58 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.77%. Cisco Systems’s dividend payout ratio (DPR) is presently 50.81%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. United Bank bought a new position in Cisco Systems in the 1st quarter worth approximately $645,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings 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 period. Roundview Capital LLC grew its position in shares of Cisco Systems by 13.1% in the first quarter. Roundview Capital LLC now owns 10,540 shares of the network equipment provider’s stock valued at $588,000 after purchasing an additional 1,221 shares in the last quarter. Merit Financial Group LLC raised its stake in shares of Cisco Systems by 21.5% during the 1st quarter. Merit Financial Group LLC now owns 11,763 shares of the network equipment provider’s stock valued at $656,000 after purchasing an additional 2,079 shares during the period. Finally, Mackenzie Financial Corp lifted its holdings in 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. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CSCO. Piper Sandler raised their target price on shares of Cisco Systems from $51.00 to $53.00 and gave the company a “neutral” rating in a research report on Thursday, August 17th. Citigroup boosted their price objective on Cisco Systems from $54.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, August 17th. 51job reiterated an “initiates” rating on shares of Cisco Systems in a research report on Friday, June 30th. Morgan Stanley boosted their price target on Cisco Systems from $55.00 to $56.00 and gave the stock an “equal weight” rating in a report on Thursday, August 17th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Cisco Systems from $54.00 to $58.00 and gave the company a “hold” rating in a report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Cisco Systems currently has an average rating of “Hold” and a consensus target price of $59.43.

Cisco Systems Company Profile

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. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points that are standalone, controller appliance-based, switch-converged, and Meraki cloud-managed offerings; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.