Cisco Systems, Inc. (NASDAQ:CSCO) declared a quarterly dividend on Monday, December 11th, RTT News reports. Investors of record on Friday, January 5th will be given a dividend of 0.29 per share by the network equipment provider on Wednesday, January 24th. This represents a $1.16 dividend on an annualized basis and a yield of 3.06%.

Shares of Cisco Systems (NASDAQ:CSCO) opened at $37.96 on Tuesday. Cisco Systems has a 1-year low of $29.80 and a 1-year high of $38.04. The stock has a market capitalization of $185,929.63, a P/E ratio of 17.33, a PEG ratio of 3.40 and a beta of 1.19. The company has a current ratio of 2.87, a quick ratio of 2.81 and a debt-to-equity ratio of 0.39.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The company had revenue of $12.14 billion during the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The business’s revenue was down 1.7% on a year-over-year basis. equities research analysts expect that Cisco Systems will post 2.21 EPS for the current year.

In other news, CEO Charles Robbins sold 121,390 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total transaction of $3,891,763.40. Following the completion of the transaction, the chief executive officer now directly owns 552,694 shares of the company’s stock, valued at $17,719,369.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John T. Chambers sold 250,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $36.50, for a total transaction of $9,125,000.00. Following the transaction, the insider now directly owns 712,736 shares of the company’s stock, valued at $26,014,864. The disclosure for this sale can be found here. Insiders have sold 493,530 shares of company stock worth $16,993,798 in the last three months. 0.05% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Cisco Systems by 2.2% in the second quarter. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider’s stock worth $11,021,378,000 after purchasing an additional 7,411,891 shares during the period. Janus Henderson Group PLC boosted its position in shares of Cisco Systems by 51.1% during the second quarter. Janus Henderson Group PLC now owns 13,528,059 shares of the network equipment provider’s stock worth $423,475,000 after acquiring an additional 4,577,831 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Cisco Systems by 36.1% during the second quarter. Parametric Portfolio Associates LLC now owns 13,415,432 shares of the network equipment provider’s stock worth $419,903,000 after acquiring an additional 3,559,275 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Cisco Systems by 12.1% during the second quarter. Nordea Investment Management AB now owns 31,396,260 shares of the network equipment provider’s stock worth $982,703,000 after acquiring an additional 3,384,768 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Cisco Systems by 11.6% during the second quarter. TIAA CREF Investment Management LLC now owns 27,570,250 shares of the network equipment provider’s stock worth $862,949,000 after acquiring an additional 2,863,474 shares during the last quarter. 75.78% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on the stock. JMP Securities reiterated a “market perform” rating on shares of Cisco Systems in a research report on Friday, August 18th. Stifel Nicolaus set a $34.00 price target on shares of Cisco Systems and gave the company a “hold” rating in a research report on Tuesday, August 15th. Bank of America reiterated a “neutral” rating and issued a $35.00 price target on shares of Cisco Systems in a research report on Friday, August 18th. BidaskClub upgraded shares of Cisco Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Vetr downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 price objective for the company. in a research report on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-one have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $36.90.

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Cisco Systems Company Profile

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).

Dividend History for Cisco Systems (NASDAQ:CSCO)

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