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Cisco Systems (NASDAQ:CSCO) SVP Sells $212,739.36 in Stock

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Key Points

  • Maria Victoria Wong, SVP of Cisco Systems, sold 3,162 shares at an average price of $67.28, totaling $212,739.36, and now owns approximately 31,468 shares of the company.
  • Cisco reported earnings of $0.99 per share for the last quarter, slightly above analysts’ expectations, with revenues of $14.67 billion, a 7.6% year-over-year increase.
  • The company has declared a quarterly dividend of $0.41 per share, with a dividend yield of 2.4%, and an ex-dividend date set for October 3rd.
  • Need better tools to track Cisco Systems? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Cisco Systems, Inc. (NASDAQ:CSCO - Get Free Report) SVP Maria Victoria Wong sold 3,162 shares of the company's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $67.28, for a total value of $212,739.36. Following the sale, the senior vice president directly owned 31,468 shares of the company's stock, valued at approximately $2,117,167.04. This represents a 9.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Friday, August 15th, Maria Victoria Wong sold 475 shares of Cisco Systems stock. The shares were sold at an average price of $68.61, for a total value of $32,589.75.
  • On Wednesday, June 11th, Maria Victoria Wong sold 762 shares of Cisco Systems stock. The stock was sold at an average price of $64.07, for a total value of $48,821.34.

Cisco Systems Stock Performance

Shares of CSCO stock traded up $0.05 during trading hours on Wednesday, reaching $68.44. 13,849,076 shares of the company's stock were exchanged, compared to its average volume of 21,434,854. The company has a market cap of $271.02 billion, a P/E ratio of 26.12, a price-to-earnings-growth ratio of 2.84 and a beta of 0.91. The company's 50 day moving average is $68.29 and its two-hundred day moving average is $63.64. 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.

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. The business had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a return on equity of 27.02% and a net margin of 18.45%.The company's revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the business posted $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. Equities research analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The company 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 $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's dividend payout ratio (DPR) is presently 62.60%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CSCO. Norges Bank purchased a new position in Cisco Systems in the second quarter valued at about $3,816,825,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Cisco Systems by 413.3% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 22,393,371 shares of the network equipment provider's stock valued at $1,553,645,000 after purchasing an additional 18,030,441 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in Cisco Systems in the second quarter valued at about $904,542,000. Franklin Resources Inc. raised its position in Cisco Systems by 46.2% in the second quarter. Franklin Resources Inc. now owns 40,836,858 shares of the network equipment provider's stock valued at $2,833,261,000 after purchasing an additional 12,904,969 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Cisco Systems by 37.4% in the first quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider's stock valued at $2,898,722,000 after purchasing an additional 12,775,066 shares during the period. Institutional investors and hedge funds own 73.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CSCO shares. Morgan Stanley raised their price objective on Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. CICC Research initiated coverage on Cisco Systems in a research note on Monday, July 14th. They issued an "outperform" rating and a $78.00 price objective for the company. Wells Fargo & Company increased their target price on Cisco Systems from $75.00 to $83.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. KeyCorp initiated coverage on Cisco Systems in a report on Thursday, June 26th. They set an "overweight" rating and a $77.00 target price on the stock. Finally, Wolfe Research initiated coverage on Cisco Systems in a report on Tuesday, July 8th. They set a "peer perform" rating on the stock. One 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $74.53.

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Cisco Systems Company Profile

(Get Free Report)

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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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.

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