Insider Selling: Cisco Systems, Inc. (NASDAQ:CSCO) SVP Sells 762 Shares of Stock

Cisco Systems, Inc. (NASDAQ:CSCO - Get Free Report) SVP Maria Victoria Wong sold 762 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $64.07, for a total transaction of $48,821.34. Following the completion of the sale, the senior vice president now owns 36,937 shares of the company's stock, valued at $2,366,553.59. The trade was a 2.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Wednesday, May 28th, Maria Victoria Wong sold 4,185 shares of Cisco Systems stock. The shares were sold at an average price of $63.51, for a total transaction of $265,789.35.

Cisco Systems Price Performance

Shares of NASDAQ CSCO traded down $1.02 during midday trading on Friday, reaching $64.08. 7,962,227 shares of the company were exchanged, compared to its average volume of 20,102,809. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $66.50. The stock has a market cap of $253.75 billion, a P/E ratio of 27.97, a PEG ratio of 4.16 and a beta of 0.88. The company has a quick ratio of 0.79, a current ratio of 0.87 and a debt-to-equity ratio of 0.43. The stock's 50-day moving average price is $60.25 and its 200-day moving average price is $60.53.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. The firm had revenue of $14.15 billion during the quarter, compared to the consensus estimate of $14.05 billion. Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. The business's quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the company earned $0.88 earnings per share. On average, sell-side analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Thursday, July 3rd will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.56%. The ex-dividend date is Thursday, July 3rd. Cisco Systems's dividend payout ratio (DPR) is currently 66.94%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Rosenblatt Securities upped their price objective on Cisco Systems from $63.00 to $74.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. UBS Group upped their price target on Cisco Systems from $62.00 to $70.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. New Street Research reiterated a "neutral" rating and set a $70.00 price target on shares of Cisco Systems in a research report on Friday, May 16th. Evercore ISI increased their price objective on shares of Cisco Systems from $67.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Finally, DZ Bank raised shares of Cisco Systems from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $68.00.

Hedge Funds Weigh In On Cisco Systems

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Cisco Systems by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 388,949,854 shares of the network equipment provider's stock valued at $24,002,095,000 after buying an additional 1,865,648 shares during the last quarter. FMR LLC lifted its stake in shares of Cisco Systems by 20.8% in the fourth quarter. FMR LLC now owns 77,216,513 shares of the network equipment provider's stock worth $4,571,218,000 after acquiring an additional 13,285,052 shares during the period. Norges Bank bought a new stake in Cisco Systems in the fourth quarter valued at approximately $3,297,905,000. Northern Trust Corp increased its position in Cisco Systems by 11.4% during the 4th quarter. Northern Trust Corp now owns 47,238,258 shares of the network equipment provider's stock valued at $2,796,505,000 after purchasing an additional 4,832,813 shares during the period. Finally, Invesco Ltd. raised its holdings in Cisco Systems by 10.4% during the 1st quarter. Invesco Ltd. now owns 47,117,146 shares of the network equipment provider's stock worth $2,907,599,000 after purchasing an additional 4,437,450 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

About Cisco Systems

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.