Cisco Systems (NASDAQ:CSCO) Insider Jeetendra Patel Sells 9,061 Shares

Key Points

• Insider Jeetendra Patel sold 9,061 shares of Cisco Systems at an average price of $66.60, resulting in a total value of $603,462.60 and a 3.68% decrease in his holdings.
• Cisco reported $0.99 earnings per share (EPS) for the recent quarter, slightly exceeding analysts' expectations, with a revenue of $14.67 billion, indicating a 7.6% increase year-over-year.
• The company has declared a quarterly dividend of $0.41 per share, with an annualized yield of 2.5% and a payout ratio of 62.60%.

Cisco Systems, Inc. (NASDAQ:CSCO - Get Free Report) insider Jeetendra Patel sold 9,061 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $603,462.60. Following the transaction, the insider directly owned 237,405 shares of the company's stock, valued at $15,811,173. This represents a 3.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO traded down $0.19 during trading hours on Tuesday, hitting $66.76. 18,715,834 shares of the company's stock were exchanged, compared to its average volume of 22,204,710. Cisco Systems, Inc. has a 1-year low of $47.85 and a 1-year high of $72.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.01 and a quick ratio of 0.92. The stock has a market capitalization of $264.37 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 2.87 and a beta of 0.91. The company's 50-day moving average price is $68.00 and its 200-day moving average price is $63.42.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. Cisco Systems had a return on equity of 27.02% and a net margin of 18.45%.The business had revenue of $14.67 billion during the quarter, compared to analysts' expectations of $14.63 billion. During the same period in the prior year, the firm posted $0.87 EPS. Cisco Systems's quarterly revenue was up 7.6% compared to the same quarter last year. 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, sell-side analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Citigroup increased their target price on Cisco Systems from $68.00 to $71.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. UBS Group increased their price target on Cisco Systems from $70.00 to $74.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Wall Street Zen lowered Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Piper Sandler increased their price target on Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. Finally, Evercore ISI increased their price objective on Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat, Cisco Systems currently has a consensus rating of "Moderate Buy" and an average target price of $74.53.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in Cisco Systems during the 2nd quarter worth $3,816,825,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Cisco Systems by 413.3% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 22,393,371 shares of the network equipment provider's stock worth $1,553,645,000 after buying an additional 18,030,441 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in Cisco Systems during the 2nd quarter worth $904,542,000. Franklin Resources Inc. raised its stake in Cisco Systems by 46.2% during the 2nd quarter. Franklin Resources Inc. now owns 40,836,858 shares of the network equipment provider's stock worth $2,833,261,000 after buying an additional 12,904,969 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Cisco Systems by 37.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider's stock worth $2,898,722,000 after buying an additional 12,775,066 shares during the period. 73.33% of the stock is currently owned by institutional investors.

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.

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