Cisco Systems, Inc. (NASDAQ:CSCO) was the target of some unusual options trading on Monday. Traders bought 25,835 call options on the stock. This represents an increase of approximately 109% compared to the average volume of 12,344 call options.

Shares of Cisco Systems (NASDAQ:CSCO) opened at 32.60 on Thursday. Cisco Systems has a one year low of $29.12 and a one year high of $34.60. The stock has a market capitalization of $161.43 billion, a price-to-earnings ratio of 17.16 and a beta of 1.19. The firm has a 50-day moving average of $31.72 and a 200 day moving average of $32.41.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 EPS for the quarter, meeting the consensus estimate of $0.61. The company had revenue of $12.13 billion for the quarter, compared to the consensus estimate of $12.07 billion. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.63 EPS. On average, equities research analysts predict that Cisco Systems will post $2.43 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Thursday, October 5th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $1.16 annualized dividend and a yield of 3.56%. Cisco Systems’s payout ratio is 60.73%.

In related news, insider John T. Chambers sold 250,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $31.14, for a total value of $7,785,000.00. Following the transaction, the insider now owns 729,305 shares in the company, valued at $22,710,557.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Karen Walker sold 23,110 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total value of $740,906.60. Following the completion of the transaction, the senior vice president now owns 192,774 shares in the company, valued at approximately $6,180,334.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 485,138 shares of company stock worth $15,347,574. 0.11% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Boston Partners grew its stake in Cisco Systems by 304.2% in the 1st quarter. Boston Partners now owns 30,563,666 shares of the network equipment provider’s stock worth $1,033,052,000 after acquiring an additional 23,002,159 shares in the last quarter. Vanguard Group Inc. grew its stake in Cisco Systems by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider’s stock worth $11,021,378,000 after acquiring an additional 7,411,891 shares in the last quarter. American Century Companies Inc. grew its stake in Cisco Systems by 54.2% in the 2nd quarter. American Century Companies Inc. now owns 14,362,422 shares of the network equipment provider’s stock worth $449,544,000 after acquiring an additional 5,049,326 shares in the last quarter. Janus Henderson Group PLC grew its stake in Cisco Systems by 51.1% in the 2nd quarter. Janus Henderson Group PLC now owns 13,528,059 shares of the network equipment provider’s stock worth $423,475,000 after acquiring an additional 4,577,831 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in Cisco Systems by 36.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 13,415,432 shares of the network equipment provider’s stock worth $419,903,000 after acquiring an additional 3,559,275 shares in the last quarter. Institutional investors own 75.37% of the company’s stock.

Several research firms recently commented on CSCO. Berenberg Bank set a $33.00 price objective on Cisco Systems and gave the company a “hold” rating in a research note on Saturday, July 1st. Sanford C. Bernstein set a $38.00 price objective on Cisco Systems and gave the company a “buy” rating in a research note on Saturday, July 1st. Credit Suisse Group reiterated a “buy” rating on shares of Cisco Systems in a research note on Thursday, August 10th. Stifel Nicolaus set a $34.00 price objective on Cisco Systems and gave the company a “hold” rating in a research note on Tuesday, August 15th. Finally, Vetr downgraded Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 price objective on the stock. in a research note on Wednesday, August 16th. Fourteen research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Cisco Systems has an average rating of “Buy” and an average price target of $35.57.

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Cisco Systems Company Profile

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

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