Cisco Systems, Inc. (NASDAQ:CSCO) SVP Irving Tan sold 28,000 shares of the stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $48.43, for a total value of $1,356,040.00. Following the transaction, the senior vice president now directly owns 188,853 shares of the company’s stock, valued at approximately $9,146,150.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Irving Tan also recently made the following trade(s):

  • On Friday, September 14th, Irving Tan sold 68,308 shares of Cisco Systems stock. The shares were sold at an average price of $47.38, for a total value of $3,236,433.04.

Cisco Systems stock traded down $0.98 during mid-day trading on Friday, hitting $47.41. The company’s stock had a trading volume of 1,456,042 shares, compared to its average volume of 23,957,402. The firm has a market capitalization of $228.11 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 2.77 and a beta of 1.15. Cisco Systems, Inc. has a 1 year low of $37.26 and a 1 year high of $49.47. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.05 and a current ratio of 2.11.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, November 14th. The network equipment provider reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.03. The company had revenue of $13.07 billion during the quarter, compared to analyst estimates of $12.86 billion. Cisco Systems had a return on equity of 25.58% and a net margin of 2.52%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 earnings per share. Analysts forecast that Cisco Systems, Inc. will post 2.7 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Friday, January 4th will be given a $0.33 dividend. The ex-dividend date is Thursday, January 3rd. This represents a $1.32 annualized dividend and a yield of 2.78%. Cisco Systems’s payout ratio is 56.41%.

A number of institutional investors have recently modified their holdings of CSCO. Bank of New York Mellon Corp grew its position in Cisco Systems by 193,168.7% in the third quarter. Bank of New York Mellon Corp now owns 104,741,949 shares of the network equipment provider’s stock worth $5,095,693,000 after acquiring an additional 104,687,754 shares during the period. Morgan Stanley grew its position in Cisco Systems by 15.9% in the second quarter. Morgan Stanley now owns 50,957,358 shares of the network equipment provider’s stock worth $2,192,694,000 after acquiring an additional 7,009,359 shares during the period. Charles Schwab Investment Advisory Inc. purchased a new position in Cisco Systems in the second quarter worth approximately $279,790,000. Summit Trail Advisors LLC boosted its position in shares of Cisco Systems by 4,313.3% during the first quarter. Summit Trail Advisors LLC now owns 4,814,373 shares of the network equipment provider’s stock worth $4,814,000 after buying an additional 4,705,284 shares during the period. Finally, OppenheimerFunds Inc. boosted its position in shares of Cisco Systems by 61.0% during the first quarter. OppenheimerFunds Inc. now owns 9,183,708 shares of the network equipment provider’s stock worth $393,888,000 after buying an additional 3,479,165 shares during the period. Institutional investors own 69.52% of the company’s stock.

A number of equities analysts have commented on the company. Piper Jaffray Companies set a $53.00 target price on Cisco Systems and gave the company an “overweight” rating in a report on Monday, October 1st. Zacks Investment Research cut Cisco Systems from a “buy” rating to a “hold” rating in a report on Friday, October 26th. Credit Suisse Group increased their target price on Cisco Systems from $41.00 to $43.00 and gave the company a “hold” rating in a report on Thursday, August 16th. Robert W. Baird reissued an “outperform” rating and set a $53.00 target price on shares of Cisco Systems in a report on Thursday, November 29th. Finally, BMO Capital Markets increased their target price on Cisco Systems from $43.00 to $48.00 and gave the company a “market perform” rating in a report on Thursday, August 16th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $50.26.

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About Cisco Systems

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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