Cisco Systems, Inc. (NASDAQ:CSCO) COO Sells $153,039.81 in Stock

Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) COO Maria Martinez sold 3,201 shares of the stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $47.81, for a total value of $153,039.81. Following the transaction, the chief operating officer now owns 452,254 shares in the company, valued at approximately $21,622,263.74. The sale was disclosed in a document filed with the SEC, which is available through this link.

Maria Martinez also recently made the following trade(s):

  • On Monday, September 12th, Maria Martinez sold 4,674 shares of Cisco Systems stock. The shares were sold at an average price of $46.40, for a total value of $216,873.60.

Cisco Systems Stock Performance

NASDAQ CSCO opened at $48.57 on Friday. The stock has a market cap of $199.57 billion, a PE ratio of 17.53, a P/E/G ratio of 2.35 and a beta of 1.00. The company has a current ratio of 1.45, a quick ratio of 1.34 and a debt-to-equity ratio of 0.19. Cisco Systems, Inc. has a twelve month low of $38.60 and a twelve month high of $64.29. The stock has a fifty day simple moving average of $43.15 and a 200-day simple moving average of $44.35.

Cisco Systems (NASDAQ:CSCOGet Rating) last released its quarterly earnings results on Wednesday, November 16th. The network equipment provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The business had revenue of $13.63 billion during the quarter, compared to analysts’ expectations of $13.29 billion. Cisco Systems had a return on equity of 31.68% and a net margin of 22.00%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.73 EPS. Equities analysts anticipate that Cisco Systems, Inc. will post 3.17 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Evercore ISI increased their target price on Cisco Systems from $50.00 to $56.00 and gave the company an “outperform” rating in a research report on Thursday, August 18th. Oppenheimer reissued an “outperform” rating and issued a $50.00 price objective on shares of Cisco Systems in a research note on Friday, November 18th. Piper Sandler increased their price objective on Cisco Systems from $43.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, August 18th. Cowen increased their price objective on Cisco Systems from $60.00 to $61.00 and gave the company an “outperform” rating in a research note on Thursday, November 17th. Finally, Rosenblatt Securities reduced their price objective on Cisco Systems from $53.00 to $51.00 and set a “neutral” rating for the company in a research note on Thursday, November 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $53.63.

Hedge Funds Weigh In On Cisco Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of CSCO. Syverson Strege & Co boosted its holdings in Cisco Systems by 68.9% during the 2nd quarter. Syverson Strege & Co now owns 591 shares of the network equipment provider’s stock valued at $25,000 after acquiring an additional 241 shares during the period. Cordant Inc. purchased a new position in shares of Cisco Systems in the 1st quarter valued at about $28,000. Iron Horse Wealth Management LLC boosted its stake in shares of Cisco Systems by 328.1% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 655 shares of the network equipment provider’s stock valued at $28,000 after buying an additional 502 shares during the period. Johnson Midwest Financial LLC boosted its stake in shares of Cisco Systems by 189.7% in the 2nd quarter. Johnson Midwest Financial LLC now owns 678 shares of the network equipment provider’s stock valued at $29,000 after buying an additional 444 shares during the period. Finally, Advanced Research Investment Solutions LLC boosted its stake in shares of Cisco Systems by 564.6% in the 1st quarter. Advanced Research Investment Solutions LLC now owns 545 shares of the network equipment provider’s stock valued at $30,000 after buying an additional 463 shares during the period. 71.71% of the stock is currently owned by hedge funds and other institutional investors.

Cisco Systems Company Profile

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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 that are standalone, controller appliance-based, switch-converged, and Meraki cloud-managed offerings; 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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