Cisco Systems (NASDAQ:CSCO) EVP Sells 680 Shares of Stock

Key Points

• Cisco EVP Oliver Tuszik sold 680 shares at an average price of $110.18, generating $74,922.40. The transaction occurred under a pre-arranged Rule 10b5-1 trading plan, leaving him with 163,337 shares.
• Cisco shares fell 1.8% to $110.06, while the company recently reported quarterly EPS of $1.22 and revenue of $17.25 billion, beating analyst estimates and marking 17.6% year-over-year revenue growth.
• Cisco declared a quarterly dividend of $0.42 per share, equivalent to a $1.68 annualized payout and a 1.5% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $129.68.

Cisco Systems, Inc. (NASDAQ:CSCO - Get Free Report) EVP Oliver Tuszik sold 680 shares of the company's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $110.18, for a total value of $74,922.40. Following the completion of the transaction, the executive vice president directly owned 163,337 shares in the company, valued at approximately $17,996,470.66. The trade was a 0.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Oliver Tuszik also recently made the following trade(s):

• On Friday, August 14th, Oliver Tuszik sold 2,760 shares of Cisco Systems stock. The stock was sold at an average price of $112.46, for a total value of $310,389.60.

Cisco Systems Stock Down 1.8%

CSCO stock traded down $2.07 during trading hours on Monday, hitting $110.06. The company's stock had a trading volume of 12,539,584 shares, compared to its average volume of 13,874,982. The stock has a 50 day moving average price of $113.58 and a two-hundred day moving average price of $103.71. Cisco Systems, Inc. has a 12 month low of $66.35 and a 12 month high of $130.37. The company has a market capitalization of $433.92 billion, a PE ratio of 32.95, a price-to-earnings-growth ratio of 2.34 and a beta of 1.00. 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 (NASDAQ:CSCO - Get Free Report) last posted its earnings results 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. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%.The firm had revenue of $17.25 billion during the quarter, compared to analyst estimates of $16.84 billion. During the same period in the previous year, the company earned $0.99 EPS. The company's revenue for the quarter was up 17.6% on a year-over-year basis. 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 research analysts expect that Cisco Systems, Inc. will post 4.43 earnings per share for the current year.

Cisco Systems Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, October 2nd. Cisco Systems's dividend payout ratio (DPR) is presently 50.30%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System increased its stake in Cisco Systems by 11,624.6% in the second quarter. California State Teachers Retirement System now owns 706,130,053 shares of the network equipment provider's stock valued at $82,942,036,000 after purchasing an additional 700,107,427 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Cisco Systems in the 2nd quarter valued at $42,129,647,000. Norges Bank acquired a new stake in Cisco Systems during the 4th quarter worth $4,473,272,000. Auto Owners Insurance Co raised its stake in Cisco Systems by 8,718.3% during the 4th quarter. Auto Owners Insurance Co now owns 51,952,421 shares of the network equipment provider's stock worth $400,190,000 after buying an additional 51,363,281 shares during the period. Finally, Bank of America Corp DE bought a new position in Cisco Systems during the second quarter worth about $5,892,379,000. Institutional investors own 73.33% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CSCO. Wells Fargo & Company upped their target price on shares of Cisco Systems from $130.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, August 13th. Weiss Ratings reissued a "buy (b)" rating on shares of Cisco Systems in a report on Wednesday, August 26th. Morgan Stanley increased their target price on Cisco Systems from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Thursday, August 13th. HSBC downgraded shares of Cisco Systems from a "buy" rating to a "hold" rating and reduced their price target for the stock from $137.00 to $120.00 in a research report on Friday, August 14th. Finally, UBS Group upped their target price on shares of Cisco Systems from $132.00 to $138.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $129.68.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that provides networking, cybersecurity, collaboration, observability and other information technology solutions. Its offerings include routers, switches, wireless networking equipment, data center infrastructure, security platforms, unified communications tools and software designed to help organizations connect, manage and protect their digital environments.

Cisco serves businesses, government agencies, educational institutions, telecommunications providers and other organizations worldwide.

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