Cisco Systems, Inc. (NASDAQ:CSCO) SVP Karen Walker sold 23,110 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total value of $740,906.60. Following the completion of the sale, the senior vice president now directly owns 192,774 shares of the company’s stock, valued at approximately $6,180,334.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at 32.44 on Friday. The firm has a 50-day moving average price of $31.66 and a 200-day moving average price of $32.46. Cisco Systems, Inc. has a 1-year low of $29.12 and a 1-year high of $34.60. The company has a market cap of $160.64 billion, a P/E ratio of 17.07 and a beta of 1.19.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 EPS for the quarter, meeting analysts’ consensus estimates of $0.61. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. The business had revenue of $12.13 billion during the quarter, compared to analysts’ expectations of $12.07 billion. During the same quarter in the prior year, the firm earned $0.63 earnings per share. The business’s revenue was down 4.0% compared to the same quarter last year. On average, equities analysts expect that Cisco Systems, Inc. will post $2.43 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Thursday, October 5th will be issued a dividend of $0.29 per share. The ex-dividend date is Wednesday, October 4th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.58%. Cisco Systems’s payout ratio is currently 60.73%.

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Several institutional investors have recently made changes to their positions in CSCO. Southeast Asset Advisors Inc. increased its holdings in shares of Cisco Systems by 0.5% in the first quarter. Southeast Asset Advisors Inc. now owns 9,233 shares of the network equipment provider’s stock valued at $312,000 after purchasing an additional 44 shares during the last quarter. Opes Advisors Inc increased its holdings in shares of Cisco Systems by 0.6% in the second quarter. Opes Advisors Inc now owns 7,475 shares of the network equipment provider’s stock valued at $236,000 after purchasing an additional 44 shares during the last quarter. Leisure Capital Management increased its holdings in shares of Cisco Systems by 0.6% in the second quarter. Leisure Capital Management now owns 7,454 shares of the network equipment provider’s stock valued at $233,000 after purchasing an additional 48 shares during the last quarter. Ronald Blue & Co. LLC increased its holdings in shares of Cisco Systems by 0.3% in the second quarter. Ronald Blue & Co. LLC now owns 17,912 shares of the network equipment provider’s stock valued at $561,000 after purchasing an additional 57 shares during the last quarter. Finally, Banced Corp increased its holdings in shares of Cisco Systems by 0.4% in the second quarter. Banced Corp now owns 14,143 shares of the network equipment provider’s stock valued at $442,000 after purchasing an additional 59 shares during the last quarter. 74.70% of the stock is owned by institutional investors and hedge funds.

Several analysts have issued reports on CSCO shares. Vetr lowered Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 target price for the company. in a research note on Wednesday, August 30th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $37.00 target price on shares of Cisco Systems in a research note on Friday, May 26th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Cisco Systems in a research note on Thursday, August 31st. William Blair reaffirmed an “outperform” rating on shares of Cisco Systems in a research note on Monday, July 3rd. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $38.00 target price on shares of Cisco Systems in a research note on Monday, September 11th. Fourteen research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Cisco Systems has an average rating of “Buy” and a consensus price target of $35.57.

About Cisco Systems

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

Insider Buying and Selling by Quarter for Cisco Systems (NASDAQ:CSCO)

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