Cisco Systems (NASDAQ:CSCO) EVP Sells $651,547.80 in Stock

Key Points

• Deborah Stahlkopf, EVP at Cisco Systems, sold 9,783 shares of stock for a total of $651,547.80, resulting in a 5.71% decrease in her position.
• Cisco reported $0.99 earnings per share (EPS) for its last quarter, beating estimates and reflecting a year-over-year revenue increase of 7.6%.
• The company announced a quarterly dividend of $0.41 per share, with an ex-dividend date set for October 3rd, offering an annual yield of 2.5%.

Cisco Systems, Inc. (NASDAQ:CSCO - Get Free Report) EVP Deborah Stahlkopf sold 9,783 shares of the company's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $651,547.80. Following the completion of the sale, the executive vice president directly owned 161,662 shares in the company, valued at approximately $10,766,689.20. The trade was a 5.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Cisco Systems Price Performance

NASDAQ CSCO traded down $0.19 on Tuesday, hitting $66.76. 18,715,834 shares of the company were exchanged, compared to its average volume of 22,204,710. The firm has a 50 day moving average of $68.00 and a two-hundred day moving average of $63.42. The company has a market cap of $264.37 billion, a P/E ratio of 25.48, a P/E/G ratio of 2.87 and a beta of 0.91. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a 1-year low of $47.85 and a 1-year high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.01. The business had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.02%. The firm's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company 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. On average, equities analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

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

Analysts Set New Price Targets

CSCO has been the topic of several analyst reports. New Street Research reiterated a "neutral" rating and issued a $70.00 target price on shares of Cisco Systems in a report on Friday, May 16th. CICC Research assumed coverage on shares of Cisco Systems in a report on Monday, July 14th. They set an "outperform" rating and a $78.00 target price for the company. UBS Group boosted their target price on shares of Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Citigroup raised their price target on shares of Cisco Systems from $68.00 to $71.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Finally, KeyCorp started coverage on shares of Cisco Systems in a research report on Thursday, June 26th. They set an "overweight" rating and a $77.00 price objective for the company. One 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $74.53.

Institutional Investors Weigh In On Cisco Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CSCO. Postrock Partners LLC grew its position in Cisco Systems by 4.5% during the 2nd quarter. Postrock Partners LLC now owns 3,480 shares of the network equipment provider's stock valued at $241,000 after purchasing an additional 150 shares during the last quarter. Mount Vernon Associates Inc. MD grew its holdings in shares of Cisco Systems by 0.4% in the second quarter. Mount Vernon Associates Inc. MD now owns 41,379 shares of the network equipment provider's stock valued at $2,871,000 after purchasing an additional 150 shares in the last quarter. Old North State Trust LLC grew its holdings in shares of Cisco Systems by 0.6% in the second quarter. Old North State Trust LLC now owns 24,534 shares of the network equipment provider's stock valued at $1,702,000 after purchasing an additional 151 shares in the last quarter. Lion Street Advisors LLC lifted its position in shares of Cisco Systems by 0.7% during the second quarter. Lion Street Advisors LLC now owns 20,694 shares of the network equipment provider's stock worth $1,436,000 after purchasing an additional 152 shares during the last quarter. Finally, Boyd Watterson Asset Management LLC OH raised its holdings in shares of Cisco Systems by 1.5% in the second quarter. Boyd Watterson Asset Management LLC OH now owns 10,445 shares of the network equipment provider's stock valued at $725,000 after acquiring an additional 152 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.