Maria Victoria Wong Sells 428 Shares of Cisco Systems (NASDAQ:CSCO) Stock

Key Points

• Maria Victoria Wong, SVP of Cisco Systems, sold 428 shares of the company's stock for a total of $29,211.00, representing a 1.38% decrease in her ownership.
• Cisco reported a quarterly earnings per share of $0.99, exceeding expectations, with a revenue of $14.67 billion, up 7.6% compared to the previous year.
• The company announced a quarterly dividend of $0.41 per share, set to be paid on October 22nd, with a 2.4% yield.

Cisco Systems, Inc. (NASDAQ:CSCO - Get Free Report) SVP Maria Victoria Wong sold 428 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $68.25, for a total transaction of $29,211.00. Following the sale, the senior vice president directly owned 30,619 shares in the company, valued at $2,089,746.75. This trade represents a 1.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, August 25th, Maria Victoria Wong sold 3,162 shares of Cisco Systems stock. The shares were sold at an average price of $67.28, for a total transaction of $212,739.36.
• 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 transaction of $32,589.75.

Cisco Systems Stock Performance

CSCO traded down $0.44 during midday trading on Thursday, hitting $67.69. 17,486,327 shares of the company traded hands, compared to its average volume of 17,863,076. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $267.59 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 2.86 and a beta of 0.99. The company's 50-day moving average is $68.34 and its 200 day moving average is $63.95. Cisco Systems, Inc. has a 52 week low of $48.86 and a 52 week high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.01. The business had revenue of $14.67 billion for the quarter, compared to analysts' expectations of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The business's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business 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. On average, research analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

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

Institutional Investors Weigh In On Cisco Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in Cisco Systems by 49.5% during the 4th quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider's stock valued at $4,392,000 after buying an additional 24,562 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Cisco Systems by 37.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider's stock valued at $542,000 after buying an additional 2,474 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in Cisco Systems by 19.1% during the 4th quarter. Nuveen Asset Management LLC now owns 15,496,389 shares of the network equipment provider's stock valued at $917,386,000 after buying an additional 2,483,776 shares in the last quarter. Northwest Quadrant Wealth Management LLC grew its holdings in Cisco Systems by 5.5% during the 4th quarter. Northwest Quadrant Wealth Management LLC now owns 10,796 shares of the network equipment provider's stock valued at $639,000 after buying an additional 564 shares in the last quarter. Finally, NorthRock Partners LLC grew its holdings in Cisco Systems by 306.5% during the 4th quarter. NorthRock Partners LLC now owns 56,450 shares of the network equipment provider's stock valued at $3,342,000 after buying an additional 42,562 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CSCO. Morgan Stanley upped their target price on shares of Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Barclays increased their price objective on shares of Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. CICC Research started coverage on shares of Cisco Systems in a research note on Monday, July 14th. They issued an "outperform" rating and a $78.00 price objective on the stock. Hsbc Global Res cut shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Finally, Bank of America increased their price objective on shares of Cisco Systems from $76.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. One 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average 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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