Cisco Systems, Inc. (NASDAQ:CSCO – Get Rating) SVP Prat Bhatt sold 607 shares of Cisco Systems in a trade that took place on Monday, June 13. The stock was sold at an average price of $43.10, for a total transaction of $26,161.70. Following the transaction, the senior vice president now owns 79,855 shares of the company, valued at $3,441,750.50. The transaction was disclosed in a legal filing with the SEC, accessible via this link.

Prat Bhatt also recently made the following trade(s):

• On Monday, May 23, Prat Bhatt sold 3,700 shares of Cisco Systems. The stock was sold at an average price of $43.34, for a total transaction of $160,358.00.

Cisco Systems stock traded down $0.33 on Tuesday, hitting $42.91. 22,482,875 shares were traded, against an average volume of 23,209,461. The stock has a market capitalization of $177.69 billion, a PE ratio of 15.17, a PEG ratio of 2.23 and a beta of 0.99. The company has a current ratio of 1.49, a quick ratio of 1.40 and a debt ratio of 0.21. Cisco Systems, Inc. has a 12-month low of $41.02 and a 12-month high of $64.29. The company has a fifty-day moving average price of $48.65 and a two-hundred-day moving average price of $54.34.

Cisco Systems (NASDAQ:CSCO – Get Rating) last reported quarterly earnings data on Wednesday, May 18. The networking equipment vendor reported EPS of $0.87 for the quarter, beating consensus analyst estimates of $0.86 by $0.01. Cisco Systems had a net margin of 23.28% and a return on equity of 31.22%. In the same quarter last year, the company earned earnings per share of $0.75. Stock analysts expect Cisco Systems, Inc. to post EPS of 2.99 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 27. Shareholders of record on Wednesday, July 6 will receive a dividend of $0.38 per share. This represents a dividend of $1.52 on an annualized basis and a dividend yield of 3.54%. The ex-dividend date is Tuesday, July 5. Cisco Systems’ current dividend payout ratio is 53.33%.

Cisco Systems said its board of directors approved a stock repurchase plan on Wednesday, Feb. 16 that authorizes the company to repurchase $15.00 billion in stock. This repurchase authorization authorizes the network equipment manufacturer to repurchase up to 6.4% of its shares through purchases on the open market. Stock buyback plans are usually a sign that the company’s board believes its stock is undervalued.

Institutional investors and hedge funds have recently changed their positions in the company. Cordant Inc. acquired a new position in Cisco Systems in the first quarter worth approximately $28,000. Econ Financial Services Corp bought a new position in Cisco Systems in the fourth quarter worth about $29,000. Ulland Investment Advisors LLC acquired a new position in Cisco Systems in the fourth quarter worth approximately $29,000. Advanced Research Investment Solutions LLC increased its position in Cisco Systems by 564.6% in the first quarter. Advanced Research Investment Solutions LLC now owns 545 shares of the networking equipment provider worth $30,000 after buying 463 additional shares in the last quarter. Finally, Sandy Cove Advisors LLC acquired a new position in Cisco Systems in the fourth quarter worth approximately $33,000. 73.18% of the shares are held by institutional investors and hedge funds.

Several equity analysts weighed in on CSCO shares. Oppenheimer lowered his price target on Cisco Systems stock from $60.00 to $50.00 and set an “outperform” rating on the stock in a Thursday, May 19 research report. Morgan Stanley lowered its price target on Cisco Systems shares from $59.00 to $46.00 and set an “equal weight” rating on the stock in a Thursday, May 19 research report. Wells Fargo & Company lowered its price target on Cisco Systems stock from $65.00 to $52.00 and set an “equal weight” rating on the stock in a report Thursday, May 19. Cowen raised his price target on Cisco Systems shares from $61.00 to $66.00 in a Thursday, Feb. 17 report. Finally, Deutsche Bank Aktiengesellschaft lowered its price target on Cisco Systems shares from $59.00 to $51.00 and set a “hold” rating on the stock in a Thursday, May 19 report. One analyst rated the stock with a sell rating, eleven gave the company a hold rating and fourteen gave the company a buy rating. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $55.05.

Cisco Systems Company Profile (Get an evaluation)

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol-based networks and other products related to the communications and information technology industry in the Americas, Europe, Middle East, Africa, in Asia-Pacific, Japan and China. It provides infrastructure platforms, including networking technologies of switching, routing, wireless and data center products designed to work together to deliver networking capabilities and transport and /or store data.

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