Insider Selling: Cisco Systems (NASDAQ:CSCO) EVP Sells $1,190,891.70 in Stock

Key Points

• Oliver Tuszik, EVP of Cisco Systems, sold 17,526 shares of the stock for approximately $1.19 million, reducing his ownership by 8.10% to 198,855 shares.
• The stock traded down 0.7% to $67.75 with a market cap of $267.83 billion and a 1-year high of $72.55.
• Cisco recently announced a quarterly dividend of $0.41 per share to be paid on October 22nd, representing a dividend yield of 2.4%.

Cisco Systems, Inc. (NASDAQ:CSCO - Get Free Report) EVP Oliver Tuszik sold 17,526 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $67.95, for a total value of $1,190,891.70. Following the completion of the transaction, the executive vice president directly owned 198,855 shares of the company's stock, valued at approximately $13,512,197.25. This represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Cisco Systems Trading Down 0.7%

Shares of CSCO traded down $0.46 during midday trading on Monday, reaching $67.75. The company had a trading volume of 20,383,682 shares, compared to its average volume of 21,169,549. Cisco Systems, Inc. has a 1-year low of $51.89 and a 1-year high of $72.55. The stock has a market cap of $267.83 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 2.87 and a beta of 0.99. The firm has a 50 day simple moving average of $68.14 and a 200-day simple moving average of $64.14. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data 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 firm 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 27.06% and a net margin of 18.45%.The company's quarterly revenue was up 7.6% on a year-over-year basis. During the same period last 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. Research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

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

Institutional Investors Weigh In On Cisco Systems

Several institutional investors have recently bought and sold shares of the business. Bare Financial Services Inc lifted its position in Cisco Systems by 531.0% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider's stock worth $25,000 after acquiring an additional 308 shares in the last quarter. Financial Connections Group Inc. lifted its holdings in shares of Cisco Systems by 89.4% in the 2nd quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider's stock worth $28,000 after purchasing an additional 193 shares during the last quarter. Legacy Investment Solutions LLC bought a new stake in shares of Cisco Systems in the 2nd quarter worth approximately $28,000. Pandora Wealth Inc. acquired a new stake in Cisco Systems in the 1st quarter valued at approximately $31,000. Finally, Nova Wealth Management Inc. acquired a new stake in Cisco Systems in the 1st quarter valued at approximately $31,000. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CSCO has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised Cisco Systems from a "hold" rating to a "buy" rating and lifted their price target for the stock from $65.00 to $73.00 in a report on Monday, June 16th. Wells Fargo & Company boosted 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. UBS Group boosted their target price on Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Wall Street Zen lowered Cisco Systems from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Finally, Hsbc Global Res downgraded Cisco Systems from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $74.53.

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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