Cisco Systems (NASDAQ:CSCO) CEO Charles Robbins Sells 203,838 Shares of Stock

Cisco Systems, Inc. (NASDAQ:CSCO) CEO Charles Robbins sold 203,838 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $77.82, for a total value of $15,862,673.16. Following the transaction, the chief executive officer directly owned 1,102,747 shares of the company’s stock, valued at approximately $85,815,771.54. This trade represents a 15.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Charles Robbins also recently made the following trade(s):

• On Tuesday, November 18th, Charles Robbins sold 116,734 shares of Cisco Systems stock. The shares were sold at an average price of $77.30, for a total transaction of $9,023,538.20.
• On Monday, November 17th, Charles Robbins sold 281,860 shares of Cisco Systems stock. The stock was sold at an average price of $78.35, for a total transaction of $22,083,731.00.

Cisco Systems Stock Down 0.5%

Cisco Systems stock opened at $77.37 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a 1-year low of $52.11 and a 1-year high of $79.50. The company has a fifty day simple moving average of $70.29 and a 200 day simple moving average of $67.83. The company has a market cap of $304.89 billion, a P/E ratio of 29.53, a price-to-earnings-growth ratio of 3.00 and a beta of 0.95.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 EPS for the quarter, topping the consensus estimate of $0.98 by $0.02. The firm had revenue of $14.88 billion for the quarter, compared to analysts’ expectations of $14.77 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 EPS. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS. Q2 2026 guidance at 1.010-1.030 EPS. Research analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $1.64 annualized dividend and a yield of 2.1%. Cisco Systems’s dividend payout ratio is 61.65%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Morgan Stanley boosted their price target on Cisco Systems from $77.00 to $82.00 and gave the stock an “overweight” rating in a research report on Thursday, November 13th. Barclays boosted their target price on shares of Cisco Systems from $71.00 to $76.00 and gave the stock an “equal weight” rating in a report on Thursday, November 13th. Argus upped their price target on shares of Cisco Systems from $80.00 to $100.00 in a research report on Thursday, November 13th. BNP Paribas Exane lifted their price objective on shares of Cisco Systems from $76.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, November 13th. Finally, Melius Research boosted their price objective on shares of Cisco Systems from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Seventeen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $84.14.

Hedge Funds Weigh In On Cisco Systems

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Cisco Systems by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 393,989,568 shares of the network equipment provider’s stock valued at $27,334,996,000 after buying an additional 5,039,714 shares during the last quarter. State Street Corp lifted its position in Cisco Systems by 0.6% during the second quarter. State Street Corp now owns 194,695,250 shares of the network equipment provider’s stock worth $13,507,956,000 after acquiring an additional 1,067,872 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Cisco Systems by 1.2% during the second quarter. Geode Capital Management LLC now owns 99,252,395 shares of the network equipment provider’s stock worth $6,864,058,000 after acquiring an additional 1,157,704 shares during the period. Norges Bank acquired a new position in shares of Cisco Systems in the second quarter valued at approximately $3,816,825,000. Finally, Invesco Ltd. grew its position in shares of Cisco Systems by 10.5% in the third quarter. Invesco Ltd. now owns 53,612,720 shares of the network equipment provider’s stock valued at $3,668,182,000 after purchasing an additional 5,081,469 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

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 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 and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.