Cisco Systems (NASDAQ:CSCO) CEO Charles Robbins Sells 281,860 Shares

Cisco Systems, Inc. (NASDAQ:CSCO) CEO Charles Robbins sold 281,860 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $78.35, for a total value of $22,083,731.00. Following the sale, the chief executive officer owned 820,887 shares of the company’s stock, valued at approximately $64,316,496.45. This trade represents a 25.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Tuesday, November 18th, Charles Robbins sold 116,734 shares of Cisco Systems stock. The stock was sold at an average price of $77.30, for a total value of $9,023,538.20.
• On Friday, November 14th, Charles Robbins sold 203,838 shares of Cisco Systems stock. The shares were sold at an average price of $77.82, for a total transaction of $15,862,673.16.

Cisco Systems Stock Performance

Shares of CSCO traded down $0.41 on Tuesday, reaching $77.37. The company’s stock had a trading volume of 26,018,839 shares, compared to its average volume of 21,124,307. The stock’s 50 day simple moving average is $70.08 and its two-hundred day simple moving average is $67.70. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The stock has a market capitalization of $304.89 billion, a P/E ratio of 29.53, a PEG ratio of 3.00 and a beta of 0.95. Cisco Systems, Inc. has a 12-month low of $52.11 and a 12-month high of $79.50.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.02. The business had revenue of $14.88 billion for the quarter, compared to the consensus estimate of $14.77 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $0.91 earnings per share. 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 forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently commented on CSCO. JPMorgan Chase & Co. raised their price objective on Cisco Systems from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 13th. William Blair upgraded shares of Cisco Systems to a “hold” rating in a research note on Thursday, August 14th. Morgan Stanley lifted their price target on shares of Cisco Systems from $77.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday, November 13th. BNP Paribas Exane increased their price objective on shares of Cisco Systems from $76.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, November 13th. Finally, Rosenblatt Securities upped their target price on shares of Cisco Systems from $87.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Seventeen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $84.14.

Institutional Trading of Cisco Systems

Several hedge funds and other institutional investors have recently bought and sold shares of CSCO. Bare Financial Services Inc increased its position in Cisco Systems by 531.0% during the second quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider’s stock valued at $25,000 after acquiring an additional 308 shares during the last quarter. Marquette Asset Management LLC purchased a new position in shares of Cisco Systems during the 3rd quarter worth about $25,000. Legacy Investment Solutions LLC purchased a new stake in Cisco Systems in the second quarter worth about $28,000. Lowe Wealth Advisors LLC increased its position in Cisco Systems by 96.2% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 408 shares of the network equipment provider’s stock valued at $28,000 after purchasing an additional 200 shares during the period. Finally, Financial Connections Group Inc. boosted its stake in shares of Cisco Systems by 89.4% during the second quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock valued at $28,000 after purchasing an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

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.