Insider Selling: Cisco Systems (NASDAQ:CSCO) EVP Sells $316,438.21 in Stock

Cisco Systems, Inc. (NASDAQ:CSCOGet Free Report) EVP Oliver Tuszik sold 2,761 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $114.61, for a total value of $316,438.21. Following the sale, the executive vice president directly owned 180,877 shares in the company, valued at $20,730,312.97. The trade was a 1.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Wednesday, March 18th, Oliver Tuszik sold 3,132 shares of Cisco Systems stock. The shares were sold at an average price of $79.74, for a total value of $249,745.68.

Cisco Systems Stock Up 3.4%

Shares of NASDAQ:CSCO opened at $118.20 on Friday. Cisco Systems, Inc. has a 1 year low of $62.30 and a 1 year high of $119.39. The business has a 50 day simple moving average of $88.49 and a two-hundred day simple moving average of $81.25. The firm has a market capitalization of $465.88 billion, a PE ratio of 38.38, a price-to-earnings-growth ratio of 3.47 and a beta of 0.92. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.92 and a quick ratio of 0.81.

Cisco Systems (NASDAQ:CSCOGet Free Report) last announced its quarterly earnings results on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.03. The firm had revenue of $15.84 billion during the quarter, compared to analyst estimates of $15.56 billion. Cisco Systems had a return on equity of 28.44% and a net margin of 20.14%.Cisco Systems’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 earnings per share. Cisco Systems has set its Q4 2026 guidance at 1.160-1.180 EPS and its FY 2026 guidance at 4.270-4.290 EPS. On average, equities analysts predict that Cisco Systems, Inc. will post 3.44 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Monday, July 6th will be issued a dividend of $0.42 per share. The ex-dividend date is Monday, July 6th. This represents a $1.68 dividend on an annualized basis and a yield of 1.4%. Cisco Systems’s dividend payout ratio is currently 54.55%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CSCO. Barclays upped their price target on Cisco Systems from $76.00 to $121.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 14th. Wells Fargo & Company upped their price target on Cisco Systems from $95.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. DZ Bank raised Cisco Systems to a “strong-buy” rating in a research report on Friday, February 13th. HSBC raised Cisco Systems from a “hold” rating to a “buy” rating and upped their price target for the stock from $77.00 to $137.00 in a research report on Friday, May 15th. Finally, Truist Financial began coverage on Cisco Systems in a research report on Tuesday, March 31st. They set a “buy” rating and a $94.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $118.14.

View Our Latest Stock Analysis on Cisco Systems

Institutional Investors Weigh In On Cisco Systems

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Cisco Systems by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 398,943,293 shares of the network equipment provider’s stock worth $30,730,602,000 after acquiring an additional 4,049,893 shares in the last quarter. State Street Corp lifted its stake in Cisco Systems by 0.5% in the 4th quarter. State Street Corp now owns 195,521,161 shares of the network equipment provider’s stock valued at $15,060,995,000 after buying an additional 1,057,962 shares in the last quarter. Morgan Stanley lifted its stake in Cisco Systems by 0.3% in the 4th quarter. Morgan Stanley now owns 75,326,258 shares of the network equipment provider’s stock valued at $5,802,382,000 after buying an additional 206,352 shares in the last quarter. Invesco Ltd. lifted its stake in Cisco Systems by 11.6% in 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 buying an additional 6,224,062 shares in the last quarter. Finally, Norges Bank purchased a new position in Cisco Systems in the 4th quarter valued at about $4,473,272,000. 73.33% of the stock is owned by hedge funds and other institutional investors.

Key Cisco Systems News

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About Cisco Systems

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Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.

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Insider Buying and Selling by Quarter for Cisco Systems (NASDAQ:CSCO)

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