Thimaya Subaiya Sells 312 Shares of Cisco Systems (NASDAQ:CSCO) Stock

Key Points

• Cisco EVP Thimaya Subaiya sold 312 shares for approximately $34,376 under a pre-arranged Rule 10b5-1 trading plan, reducing the executive’s stake by 0.24% to 127,661 shares.
• Cisco reported quarterly EPS of $1.22 and revenue of $17.25 billion, exceeding analyst estimates, while revenue increased 17.6% year over year.
• The company declared a quarterly dividend of $0.42 per share, implying a 1.5% yield; analysts maintain a “Moderate Buy” consensus with an average price target of $129.68.

Cisco Systems, Inc. (NASDAQ:CSCO - Get Free Report) EVP Thimaya Subaiya sold 312 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $110.18, for a total value of $34,376.16. Following the sale, the executive vice president owned 127,661 shares in the company, valued at $14,065,688.98. The trade was a 0.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cisco Systems Price Performance

Shares of Cisco Systems stock traded down $2.07 during trading on Monday, reaching $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. The stock has a market capitalization of $433.92 billion, a P/E ratio of 32.95, a price-to-earnings-growth ratio of 2.34 and a beta of 1.00. The company has a current ratio of 0.93, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39. Cisco Systems, Inc. has a one year low of $66.35 and a one year high of $130.37.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.05. The firm had revenue of $17.25 billion for the quarter, compared to analyst estimates of $16.84 billion. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The company's revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 EPS. 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. As a group, sell-side analysts anticipate that Cisco Systems, Inc. will post 4.43 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd will be paid 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 is 50.30%.

Wall Street Analyst Weigh In

CSCO has been the subject of several research analyst reports. The Goldman Sachs Group boosted their price objective on shares of Cisco Systems from $116.00 to $125.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 3rd. CICC Research boosted their target price on Cisco Systems from $96.00 to $125.00 and gave the stock an "outperform" rating in a research report on Monday, May 18th. Freedom Capital upgraded shares of Cisco Systems from a "hold" rating to a "strong-buy" rating in a research report on Sunday, August 16th. Truist Financial boosted their price target on Cisco Systems from $125.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, August 13th. Finally, Zacks Research downgraded Cisco Systems from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Cisco Systems presently has an average rating of "Moderate Buy" and a consensus target price of $129.68.

Institutional Trading of Cisco Systems

Institutional investors have recently added to or reduced their stakes in the company. Bullseye Investment Management LLC bought a new position in Cisco Systems in the second quarter valued at about $159,000. Rench Wealth Management Inc. lifted its holdings in shares of Cisco Systems by 36.9% in the second quarter. Rench Wealth Management Inc. now owns 98,412 shares of the network equipment provider's stock worth $11,559,000 after acquiring an additional 26,505 shares during the last quarter. Bouchey Financial Group Ltd. boosted its stake in shares of Cisco Systems by 10.1% in the 2nd quarter. Bouchey Financial Group Ltd. now owns 12,919 shares of the network equipment provider's stock valued at $1,518,000 after purchasing an additional 1,189 shares in the last quarter. Tortoise Investment Management LLC grew its holdings in shares of Cisco Systems by 3.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 6,030 shares of the network equipment provider's stock valued at $708,000 after purchasing an additional 187 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in Cisco Systems by 14.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 228,014 shares of the network equipment provider's stock worth $27,752,000 after purchasing an additional 27,922 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

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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