Cisco Systems (NASDAQ:CSCO) EVP Oliver Tuszik Sells 680 Shares of Stock

Cisco Systems, Inc. (NASDAQ:CSCO) EVP Oliver Tuszik sold 680 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $110.18, for a total transaction of $74,922.40. Following the transaction, the executive vice president directly owned 163,337 shares in the company, valued at $17,996,470.66. This represents a 0.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Oliver Tuszik also recently made the following trade(s):

• On Friday, August 14th, Oliver Tuszik sold 2,760 shares of Cisco Systems stock. The shares were sold at an average price of $112.46, for a total value of $310,389.60.

Cisco Systems Trading Down 1.8%

Shares of NASDAQ:CSCO opened at $110.06 on Tuesday. The business’s 50 day simple moving average is $113.58 and its 200 day simple moving average is $103.71. Cisco Systems, Inc. has a 1 year low of $66.35 and a 1 year high of $130.37. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.79. The company has a market capitalization of $433.92 billion, a P/E ratio of 32.95, a P/E/G ratio of 2.34 and a beta of 1.00.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.05. The firm had revenue of $17.25 billion during the quarter, compared to analysts’ expectations of $16.84 billion. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%.The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.99 EPS. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. On average, research analysts anticipate that Cisco Systems, Inc. will post 4.43 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Friday, October 2nd will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.68 annualized dividend and a yield of 1.5%. Cisco Systems’s dividend payout ratio is currently 50.30%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CSCO shares. Wall Street Zen lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Saturday. Barclays increased their price target on shares of Cisco Systems from $121.00 to $123.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Weiss Ratings restated a “buy (b)” rating on shares of Cisco Systems in a research report on Wednesday, August 26th. Rosenblatt Securities upped their target price on Cisco Systems from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Finally, KeyCorp raised their target price on Cisco Systems from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $129.68.

Institutional Investors Weigh In On Cisco Systems

Hedge funds have recently modified their holdings of the company. California State Teachers Retirement System grew its stake in shares of Cisco Systems by 11,624.6% in the second quarter. California State Teachers Retirement System now owns 706,130,053 shares of the network equipment provider’s stock worth $82,942,036,000 after acquiring an additional 700,107,427 shares during the last quarter. BlackRock Inc. purchased a new position in Cisco Systems in the 2nd quarter worth about $42,129,647,000. Invesco Ltd. lifted its stake in Cisco Systems by 11.6% during the 4th quarter. Invesco Ltd. now owns 59,836,782 shares of the network equipment provider’s stock valued at $4,609,227,000 after acquiring an additional 6,224,062 shares during the period. Norges Bank bought a new position in Cisco Systems during the 4th quarter valued at about $4,473,272,000. Finally, Auto Owners Insurance Co boosted its holdings in shares of Cisco Systems by 8,718.3% during the 4th quarter. Auto Owners Insurance Co now owns 51,952,421 shares of the network equipment provider’s stock valued at $400,190,000 after acquiring an additional 51,363,281 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that provides networking, cybersecurity, collaboration, observability and other information technology solutions. Its offerings include routers, switches, wireless networking equipment, data center infrastructure, security platforms, unified communications tools and software designed to help organizations connect, manage and protect their digital environments.

Cisco serves businesses, government agencies, educational institutions, telecommunications providers and other organizations worldwide.