Charles Robbins Sells 30,557 Shares of Cisco Systems (NASDAQ:CSCO) Stock

Key Points

• Charles Robbins, CEO of Cisco Systems, sold 30,557 shares at an average price of $66.63, amounting to approximately $2 million, resulting in a 4.56% reduction in his total shareholding.
• Cisco Systems reported a quarterly earnings per share of $0.99, beating analysts' estimates, and announced a dividend of $0.41 per share set to be paid on October 22nd.
• Following recent assessments, analysts have increased their price targets for Cisco, with Barclays and Citigroup both setting targets of $71.00 and maintaining a positive outlook on the stock.

Cisco Systems, Inc. (NASDAQ:CSCO - Get Free Report) CEO Charles Robbins sold 30,557 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the sale, the chief executive officer directly owned 639,000 shares of the company's stock, valued at approximately $42,576,570. This trade represents a 4.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Charles Robbins also recently made the following trade(s):

• On Thursday, June 5th, Charles Robbins sold 29,784 shares of Cisco Systems stock. The stock was sold at an average price of $64.61, for a total transaction of $1,924,344.24.

Cisco Systems Trading Down 0.3%

CSCO traded down $0.19 on Tuesday, reaching $66.76. 18,715,834 shares of the company's stock were exchanged, compared to its average volume of 22,204,710. The company has a market cap of $264.37 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 2.87 and a beta of 0.91. Cisco Systems, Inc. has a twelve month low of $47.85 and a twelve month high of $72.55. The company's 50 day moving average is $68.00 and its 200-day moving average is $63.42. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 1.01.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. The firm had revenue of $14.67 billion during the quarter, compared to analysts' expectations of $14.63 billion. Cisco Systems had a return on equity of 27.02% and a net margin of 18.45%.Cisco Systems's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.87 EPS. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Equities analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Friday, October 3rd. Cisco Systems's dividend payout ratio is currently 62.60%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Barclays upped their price target on Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a report on Thursday, August 14th. Citigroup increased their target price on Cisco Systems from $68.00 to $71.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. KeyCorp initiated coverage on Cisco Systems in a research note on Thursday, June 26th. They set an "overweight" rating and a $77.00 target price for the company. Rosenblatt Securities reiterated a "buy" rating and set a $87.00 target price on shares of Cisco Systems in a research note on Thursday, August 14th. Finally, HSBC reiterated a "hold" rating and set a $69.00 target price on shares of Cisco Systems in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $74.53.

Institutional Investors Weigh In On Cisco Systems

Large investors have recently added to or reduced their stakes in the stock. Bare Financial Services Inc increased its position in Cisco Systems by 531.0% in the second quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider's stock worth $25,000 after buying an additional 308 shares during the period. Legacy Investment Solutions LLC acquired a new stake in Cisco Systems in the second quarter worth $28,000. Financial Connections Group Inc. increased its position in Cisco Systems by 89.4% in the second quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider's stock worth $28,000 after buying an additional 193 shares during the period. Navigoe LLC acquired a new position in shares of Cisco Systems during the fourth quarter valued at $26,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Cisco Systems during the fourth quarter valued at $26,000. 73.33% of the stock is owned by institutional investors and hedge funds.

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 and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.

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