Cisco Systems, Inc. (NASDAQ:CSCO) EVP Mark D. Chandler Sells 546 Shares

Cisco Systems, Inc. (NASDAQ:CSCO) EVP Mark D. Chandler sold 546 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $47.92, for a total value of $26,164.32. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Mark D. Chandler also recently made the following trade(s):

  • On Wednesday, June 12th, Mark D. Chandler sold 1,379 shares of Cisco Systems stock. The shares were sold at an average price of $55.94, for a total value of $77,141.26.

Shares of NASDAQ CSCO traded down $0.74 during trading hours on Thursday, reaching $48.03. 859,694 shares of the stock were exchanged, compared to its average volume of 22,387,942. The firm has a market capitalization of $207.62 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 2.26 and a beta of 1.18. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.46 and a current ratio of 1.51. Cisco Systems, Inc. has a 52 week low of $40.25 and a 52 week high of $58.26. The stock’s fifty day simple moving average is $54.50 and its 200 day simple moving average is $53.76.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, August 14th. The network equipment provider reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.01. The company had revenue of $13.43 billion for the quarter, compared to analyst estimates of $13.39 billion. Cisco Systems had a return on equity of 32.43% and a net margin of 22.39%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.70 earnings per share. Research analysts predict that Cisco Systems, Inc. will post 3.06 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 24th. Stockholders of record on Friday, July 5th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.91%. Cisco Systems’s dividend payout ratio (DPR) is currently 49.12%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Nuveen Asset Management LLC grew its position in Cisco Systems by 1,546.1% during the second quarter. Nuveen Asset Management LLC now owns 48,285,218 shares of the network equipment provider’s stock worth $2,642,650,000 after buying an additional 45,351,980 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Cisco Systems by 4.4% in the 2nd quarter. Fisher Asset Management LLC now owns 29,677,761 shares of the network equipment provider’s stock worth $1,624,264,000 after buying an additional 1,253,256 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Cisco Systems by 2.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 18,929,924 shares of the network equipment provider’s stock worth $1,036,035,000 after buying an additional 478,368 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Cisco Systems by 10.5% in the 2nd quarter. AQR Capital Management LLC now owns 16,527,442 shares of the network equipment provider’s stock worth $904,547,000 after buying an additional 1,573,540 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Cisco Systems by 4.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 14,269,461 shares of the network equipment provider’s stock worth $618,297,000 after buying an additional 616,591 shares during the last quarter. Institutional investors own 73.73% of the company’s stock.

Several analysts have issued reports on the company. Morgan Stanley dropped their price objective on Cisco Systems from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 15th. Barclays assumed coverage on Cisco Systems in a research note on Wednesday, August 7th. They issued an “equal weight” rating and a $52.00 price objective on the stock. Credit Suisse Group dropped their price objective on Cisco Systems from $52.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. MKM Partners dropped their price objective on Cisco Systems from $56.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Finally, Raymond James restated an “overweight” rating on shares of Cisco Systems in a research note on Friday, August 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $56.59.

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 worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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