Cisco Systems, Inc. (NASDAQ:CSCO) EVP Mark D. Chandler sold 10,733 shares of Cisco Systems stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $50.05, for a total value of $537,186.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Mark D. Chandler also recently made the following trade(s):
- On Monday, August 19th, Mark D. Chandler sold 546 shares of Cisco Systems stock. The stock was sold at an average price of $47.92, for a total value of $26,164.32.
Shares of CSCO traded up $0.10 during trading hours on Friday, reaching $50.03. 10,519,160 shares of the company traded hands, compared to its average volume of 20,880,857. The company’s fifty day moving average price is $50.30 and its two-hundred day moving average price is $53.70. The company has a market capitalization of $212.43 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 2.29 and a beta of 1.26. The company has a quick ratio of 1.46, a current ratio of 1.51 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a 12 month low of $40.25 and a 12 month high of $58.26.
Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, August 14th. The network equipment provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The firm had revenue of $13.43 billion for the quarter, compared to analyst estimates of $13.39 billion. Cisco Systems had a net margin of 22.39% and a return on equity of 32.43%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.70 EPS. On average, analysts expect that Cisco Systems, Inc. will post 3.06 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in CSCO. Evolution Wealth Advisors LLC purchased a new position in Cisco Systems during the 2nd quarter valued at about $33,000. Lowe Wealth Advisors LLC purchased a new position in Cisco Systems during the 2nd quarter valued at about $38,000. Personal Wealth Partners purchased a new position in Cisco Systems during the 2nd quarter valued at about $44,000. Ashburton Jersey Ltd purchased a new position in Cisco Systems during the 2nd quarter valued at about $49,000. Finally, Cohen & Steers Inc. purchased a new position in Cisco Systems during the 4th quarter valued at about $51,000. 72.89% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently issued reports on CSCO. Cowen reduced their price objective on Cisco Systems from $65.00 to $61.00 and set an “outperform” rating for the company in a research report on Thursday, August 15th. Royal Bank of Canada dropped their price objective on Cisco Systems from $64.00 to $53.00 and set an “outperform” rating on the stock in a research note on Thursday, August 15th. BidaskClub lowered Cisco Systems from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 31st. Barclays started coverage on Cisco Systems in a research report on Wednesday, August 7th. They set an “equal weight” rating and a $52.00 target price on the stock. Finally, Robert W. Baird reiterated a “buy” rating and set a $57.00 price target on shares of Cisco Systems in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $56.72.
Cisco Systems Company Profile
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.
Read More: Dividend Reinvestment Plan (DRIP)
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