Cisco Systems (NASDAQ:CSCO) CEO Sells 21,628 Shares

Key Points

• Cisco CEO Charles Robbins sold 21,628 shares at an average price of $111.54, generating approximately $2.41 million. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan and reduced his direct ownership by 3.46%.
• Cisco reported quarterly results above expectations, with earnings of $1.22 per share and revenue of $17.25 billion. Revenue increased 17.6% year over year, while the company issued fiscal 2027 and first-quarter guidance.
• Cisco declared a quarterly dividend of $0.42 per share, equivalent to $1.68 annually and a 1.5% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $129.43.

Cisco Systems, Inc. (NASDAQ:CSCO - Get Free Report) CEO Charles Robbins sold 21,628 shares of the firm's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $111.54, for a total transaction of $2,412,387.12. Following the transaction, the chief executive officer directly owned 602,710 shares in the company, valued at $67,226,273.40. This represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, May 22nd, Charles Robbins sold 21,400 shares of Cisco Systems stock. The shares were sold at an average price of $120.03, for a total value of $2,568,642.00.

Cisco Systems Price Performance

Shares of CSCO traded up $1.22 during trading hours on Monday, hitting $112.90. 22,770,898 shares of the company were exchanged, compared to its average volume of 23,806,813. The company has a quick ratio of 0.79, a current ratio of 0.93 and a debt-to-equity ratio of 0.39. Cisco Systems, Inc. has a fifty-two week low of $65.75 and a fifty-two week high of $130.37. The company has a market cap of $444.99 billion, a price-to-earnings ratio of 33.80, a P/E/G ratio of 2.38 and a beta of 1.02. The firm's fifty day moving average is $117.03 and its 200 day moving average is $99.24.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.05. The business had revenue of $17.25 billion during the quarter, compared to analysts' expectations of $16.84 billion. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. Cisco Systems's revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.99 earnings per share. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. On average, equities analysts anticipate that Cisco Systems, Inc. will post 4.09 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, October 2nd. Cisco Systems's dividend payout ratio is 50.30%.

Institutional Investors Weigh In On Cisco Systems

A number of institutional investors have recently modified their holdings of CSCO. AtlasMark Financial Inc acquired a new stake in shares of Cisco Systems during the second quarter worth $317,000. Triton Financial Group Inc bought a new position in Cisco Systems during the second quarter worth $4,235,000. Jacobs Equity LLC acquired a new position in Cisco Systems in the second quarter valued at $926,000. Parvin Asset Management LLC bought a new stake in Cisco Systems during the second quarter valued at $745,000. Finally, Proficio Capital Partners LLC bought a new stake in Cisco Systems during the second quarter valued at $4,388,000. 73.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Citigroup boosted their price objective on shares of Cisco Systems from $90.00 to $112.00 and gave the company a "buy" rating in a research report on Thursday, May 14th. Piper Sandler increased their target price on Cisco Systems from $86.00 to $132.00 and gave the company a "neutral" rating in a research report on Thursday, May 14th. UBS Group lifted their price target on shares of Cisco Systems from $132.00 to $138.00 and gave the stock a "buy" rating in a report on Thursday. The Goldman Sachs Group raised their target price on Cisco Systems from $116.00 to $125.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 3rd. Finally, Barclays lifted their target price on Cisco Systems from $121.00 to $123.00 and gave the stock an "equal weight" rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $129.43.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.

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