Cisco Systems (NASDAQ:CSCO) EVP Thimaya Subaiya Sells 7,511 Shares

Key Points

• Thimaya Subaiya, EVP of Cisco Systems, sold 7,511 shares at an average price of $66.84, totaling $502,035.24, reducing their ownership by 4.44%.
• Cisco reported $0.99 EPS for the most recent quarter, exceeding estimates, with revenue of $14.67 billion, a 7.6% increase year-over-year.
• An upcoming quarterly dividend of $0.41 per share will be paid on October 22nd, with a current annualized yield of 2.4%.

Cisco Systems, Inc. (NASDAQ:CSCO - Get Free Report) EVP Thimaya Subaiya sold 7,511 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $66.84, for a total value of $502,035.24. Following the completion of the sale, the executive vice president owned 161,467 shares of the company's stock, valued at $10,792,454.28. This represents a 4.44% 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.

Cisco Systems Stock Up 0.5%

Shares of CSCO stock traded up $0.35 during mid-day trading on Wednesday, hitting $67.11. The stock had a trading volume of 14,942,461 shares, compared to its average volume of 22,415,684. Cisco Systems, Inc. has a 12-month low of $47.85 and a 12-month high of $72.55. The firm has a market capitalization of $265.76 billion, a P/E ratio of 25.61, a price-to-earnings-growth ratio of 2.84 and a beta of 0.91. The firm's 50-day moving average is $68.04 and its two-hundred day moving average is $63.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.01 and a quick ratio of 0.92.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.01. The business 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%.The business's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period 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. On average, analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems's dividend payout ratio is 62.60%.

Institutional Investors Weigh In On Cisco Systems

Hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC grew its holdings in Cisco Systems by 49.5% in the fourth quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider's stock valued at $4,392,000 after purchasing an additional 24,562 shares during the period. Revolve Wealth Partners LLC grew its holdings in Cisco Systems by 37.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider's stock valued at $542,000 after purchasing an additional 2,474 shares during the period. Transce3nd LLC acquired a new stake in Cisco Systems in the fourth quarter valued at approximately $96,000. Alpine Global Management LLC acquired a new stake in Cisco Systems in the fourth quarter valued at approximately $233,000. Finally, Alta Advisers Ltd grew its holdings in Cisco Systems by 20.9% in the fourth quarter. Alta Advisers Ltd now owns 13,059 shares of the network equipment provider's stock valued at $773,000 after purchasing an additional 2,259 shares during the period. Hedge funds and other institutional investors own 73.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on CSCO. Evercore ISI increased their price target on Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a research note on Thursday, August 14th. Deutsche Bank Aktiengesellschaft upgraded Cisco Systems from a "hold" rating to a "buy" rating and increased their price target for the company from $65.00 to $73.00 in a research note on Monday, June 16th. Morgan Stanley increased their price target on Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Wolfe Research began coverage on Cisco Systems in a research note on Tuesday, July 8th. They issued a "peer perform" rating for the company. Finally, Citigroup increased their price target on Cisco Systems from $68.00 to $71.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $74.53.

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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