Cisco Systems, Inc. (NASDAQ:CSCO) SVP Irving Tan sold 28,000 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $48.43, for a total transaction of $1,356,040.00. Following the sale, the senior vice president now directly owns 188,853 shares in the company, valued at approximately $9,146,150.79. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Irving Tan also recently made the following trade(s):
- On Friday, September 14th, Irving Tan sold 68,308 shares of Cisco Systems stock. The stock was sold at an average price of $47.38, for a total transaction of $3,236,433.04.
NASDAQ CSCO traded up $1.04 during mid-day trading on Thursday, reaching $48.39. 39,498,675 shares of the stock were exchanged, compared to its average volume of 24,218,488. Cisco Systems, Inc. has a 1 year low of $37.26 and a 1 year high of $49.47. The company has a market capitalization of $228.11 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 2.77 and a beta of 1.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.05 and a current ratio of 2.11.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Friday, January 4th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Thursday, January 3rd. Cisco Systems’s dividend payout ratio (DPR) is presently 56.41%.
CSCO has been the topic of several recent research reports. Piper Jaffray Companies set a $50.00 price objective on shares of Cisco Systems and gave the company a “buy” rating in a report on Tuesday, September 11th. Raymond James upped their price objective on shares of Cisco Systems from $50.00 to $52.00 and gave the company an “outperform” rating in a report on Thursday, November 15th. BidaskClub raised shares of Cisco Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 25th. Loop Capital raised shares of Cisco Systems from a “hold” rating to a “positive” rating and set a $45.00 price objective on the stock in a report on Thursday, November 15th. They noted that the move was a valuation call. Finally, Goldman Sachs Group reaffirmed a “buy” rating and issued a $56.00 price objective on shares of Cisco Systems in a report on Thursday, August 16th. Seven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $50.26.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. LFA Lugano Financial Advisors SA raised its position in Cisco Systems by 220,000.0% during the third quarter. LFA Lugano Financial Advisors SA now owns 2,201 shares of the network equipment provider’s stock worth $107,000 after acquiring an additional 2,200 shares during the period. JJJ Advisors Inc. acquired a new position in Cisco Systems during the second quarter worth $110,000. Camarda Financial Advisors LLC raised its position in Cisco Systems by 546.3% during the third quarter. Camarda Financial Advisors LLC now owns 2,585 shares of the network equipment provider’s stock worth $126,000 after acquiring an additional 2,185 shares during the period. Legacy Advisors LLC raised its position in Cisco Systems by 597.6% during the second quarter. Legacy Advisors LLC now owns 3,432 shares of the network equipment provider’s stock worth $148,000 after acquiring an additional 2,940 shares during the period. Finally, Shamrock Asset Management LLC raised its position in Cisco Systems by 3,623.0% during the third quarter. Shamrock Asset Management LLC now owns 3,723 shares of the network equipment provider’s stock worth $181,000 after acquiring an additional 3,623 shares during the period. 69.52% of the stock is currently owned by hedge funds and other institutional investors.
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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