Cisco Systems SVP Charles Robbins Sells 1,205 Shares (CSCO)
Cisco Systems (NASDAQ:CSCO) SVP Charles Robbins sold 1,205 shares of Cisco Systems stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $24.49, for a total value of $29,510.45. Following the sale, the senior vice president now directly owns 529,960 shares in the company, valued at approximately $12,978,720. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Cisco Systems (NASDAQ:CSCO) traded up 0.04% during mid-day trading on Tuesday, hitting $24.64. The stock had a trading volume of 20,348,896 shares. Cisco Systems has a 52 week low of $20.22 and a 52 week high of $26.08. The stock’s 50-day moving average is $25.30 and its 200-day moving average is $23.67. The company has a market cap of $126.2 billion and a P/E ratio of 16.53.
Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, August 13th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. The company had revenue of $12.40 million for the quarter, compared to the consensus estimate of $12.14 billion. Analysts expect that Cisco Systems will post $2.16 EPS for the current fiscal year.
A number of analysts have recently weighed in on CSCO shares. Analysts at Zacks reiterated a “neutral” rating on shares of Cisco Systems in a research note on Thursday, August 14th. They now have a $26.00 price target on the stock. Separately, analysts at Sterne Agee raised their price target on shares of Cisco Systems from $26.00 to $28.00 in a research note on Thursday, August 14th. They now have a “buy” rating on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Cisco Systems from $30.00 to $33.00 in a research note on Thursday, August 14th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty have given a buy rating to the company. Cisco Systems presently has an average rating of “Hold” and a consensus target price of $26.60.
Cisco Systems, Inc (NASDAQ:CSCO) designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provide services associated with these products and their use.
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