Cisco Systems (NASDAQ:CSCO) Insider Jeetendra Patel Sells 11,248 Shares

Key Points

  • Insider sale: Cisco insider Jeetendra Patel sold 11,248 shares on Feb. 13 at an average price of $76 for total proceeds of $854,848, trimming his stake by 4.10% to 262,776 shares (worth about $19.97M), as disclosed in an SEC filing.
  • Earnings beat: Cisco reported quarterly EPS of $1.04 versus $1.02 expected and revenue of $15.35 billion versus $15.11 billion expected, with revenue up 9.7% year‑over‑year.
  • Dividend increase: Cisco raised its quarterly dividend to $0.42 (annualized $1.68) for a ~2.2% yield, with an ex‑dividend date of April 2 and a payout ratio around 57.5%.

Cisco Systems, Inc. (NASDAQ:CSCO - Get Free Report) insider Jeetendra Patel sold 11,248 shares of the business's stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $76.00, for a total transaction of $854,848.00. Following the completion of the transaction, the insider owned 262,776 shares of the company's stock, valued at $19,970,976. The trade was a 4.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Cisco Systems Stock Performance

NASDAQ:CSCO opened at $76.85 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $303.64 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 2.86 and a beta of 0.87. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $88.18. The stock's 50-day simple moving average is $77.74 and its 200 day simple moving average is $73.27.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.02. The company had revenue of $15.35 billion during the quarter, compared to the consensus estimate of $15.11 billion. Cisco Systems had a net margin of 19.22% and a return on equity of 27.88%. The company's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.94 earnings per share. On average, analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Increases Dividend




The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Thursday, April 2nd will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, April 2nd. This is a positive change from Cisco Systems's previous quarterly dividend of $0.41. Cisco Systems's dividend payout ratio is currently 57.54%.

Hedge Funds Weigh In On Cisco Systems

Several institutional investors have recently added to or reduced their stakes in the stock. Avantax Advisory Services Inc. increased its position in Cisco Systems by 1.1% during the second quarter. Avantax Advisory Services Inc. now owns 420,336 shares of the network equipment provider's stock worth $29,163,000 after buying an additional 4,525 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Cisco Systems by 6.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,189,645 shares of the network equipment provider's stock valued at $218,236,000 after acquiring an additional 205,043 shares during the last quarter. Greystone Financial Group LLC purchased a new stake in Cisco Systems during the 3rd quarter worth about $8,563,000. Jones Financial Companies Lllp raised its stake in Cisco Systems by 8.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 686,469 shares of the network equipment provider's stock valued at $46,165,000 after purchasing an additional 56,057 shares during the last quarter. Finally, Rockland Trust Co. lifted its holdings in Cisco Systems by 213.8% in the 3rd quarter. Rockland Trust Co. now owns 20,497 shares of the network equipment provider's stock valued at $1,402,000 after purchasing an additional 13,966 shares in the last quarter. Institutional investors own 73.33% of the company's stock.

Analyst Upgrades and Downgrades

CSCO has been the topic of several research analyst reports. President Capital cut their target price on shares of Cisco Systems from $90.00 to $88.00 in a research note on Wednesday, December 24th. Citic Securities raised their target price on Cisco Systems from $75.00 to $90.00 in a research note on Monday, November 17th. Erste Group Bank raised Cisco Systems from a "hold" rating to a "buy" rating in a research report on Monday, November 10th. Citigroup increased their price target on Cisco Systems from $85.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, February 12th. Finally, Wells Fargo & Company raised their price objective on Cisco Systems from $83.00 to $95.00 and gave the company an "overweight" rating in a research note on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Cisco Systems has an average rating of "Moderate Buy" and an average target price of $89.55.

Check Out Our Latest Research Report on CSCO

Key Stories Impacting Cisco Systems

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About Cisco Systems

(Get Free Report)

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.

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

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