Cisco Systems, Inc. (NASDAQ:CSCO) EVP Mark D. Chandler sold 10,733 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $50.05, for a total transaction of $537,186.65. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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 transaction of $26,164.32.

Cisco Systems stock traded up $0.10 during trading on Friday, reaching $50.03. The company had a trading volume of 10,519,160 shares, compared to its average volume of 20,880,857. The firm’s 50-day simple moving average is $50.30 and its 200 day simple moving average is $53.70. Cisco Systems, Inc. has a 1-year low of $40.25 and a 1-year high of $58.26. The firm has a market capitalization of $212.43 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 2.29 and a beta of 1.26. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.46 and a current ratio of 1.51.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. Cisco Systems had a net margin of 22.39% and a return on equity of 32.43%. The firm had revenue of $13.43 billion for the quarter, compared to analysts’ expectations of $13.39 billion. During the same quarter last year, the company earned $0.70 EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. Analysts anticipate that Cisco Systems, Inc. will post 3.06 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Evolution Wealth Advisors LLC acquired a new stake in Cisco Systems in the 2nd quarter valued at $33,000. Lowe Wealth Advisors LLC acquired a new stake in Cisco Systems in the 2nd quarter valued at $38,000. Personal Wealth Partners acquired a new stake in Cisco Systems during the 2nd quarter worth $44,000. Ashburton Jersey Ltd acquired a new stake in Cisco Systems during the 2nd quarter worth $49,000. Finally, Cohen & Steers Inc. acquired a new stake in Cisco Systems during the 4th quarter worth $51,000. 72.89% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on the stock. Piper Jaffray Companies raised their price target on shares of Cisco Systems from $52.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, May 16th. Zacks Investment Research raised shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Tuesday, May 21st. KeyCorp reduced their price target on shares of Cisco Systems from $60.00 to $56.00 and set an “overweight” rating for the company in a research report on Thursday, August 15th. Cowen reduced their price target on shares of Cisco Systems from $65.00 to $61.00 and set an “outperform” rating for the company in a research report on Thursday, August 15th. Finally, Barclays initiated coverage on shares of Cisco Systems in a research report on Wednesday, August 7th. They set an “equal weight” rating and a $52.00 price target for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $56.72.

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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