Cisco Systems, Inc. (NASDAQ:CSCO – Get Rating) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 48,270,000 shares, a growth of 15.3% from the March 31st total of 41,860,000 shares. Based on an average daily volume of 18,600,000 shares, the short-interest ratio is currently 2.6 days. Currently, 1.2% of the company's shares are sold short.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO opened at $47.34 on Tuesday. The company has a quick ratio of 1.30, a current ratio of 1.41 and a debt-to-equity ratio of 0.18. The firm has a 50-day simple moving average of $49.50 and a 200 day simple moving average of $47.95. The company has a market cap of $193.90 billion, a PE ratio of 17.34, a P/E/G ratio of 2.15 and a beta of 1.00. Cisco Systems has a fifty-two week low of $38.60 and a fifty-two week high of $52.56.

Cisco Systems (NASDAQ:CSCO – Get Rating) last released its earnings results on Wednesday, February 15th. The network equipment provider reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $0.12. Cisco Systems had a net margin of 21.26% and a return on equity of 31.19%. The business had revenue of $13.59 billion for the quarter, compared to the consensus estimate of $13.41 billion. During the same period in the previous year, the firm earned $0.77 EPS. The business's revenue for the quarter was up 6.9% on a year-over-year basis. On average, sell-side analysts anticipate that Cisco Systems will post 3.33 EPS for the current year.

Cisco Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 26th. Investors of record on Wednesday, April 5th were issued a dividend of $0.39 per share. This is an increase from Cisco Systems's previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend was Tuesday, April 4th. Cisco Systems's dividend payout ratio is currently 57.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Piper Sandler lifted their target price on shares of Cisco Systems from $49.00 to $53.00 and gave the company a "neutral" rating in a research report on Thursday, February 16th. Tigress Financial reiterated a "buy" rating and set a $73.00 price objective on shares of Cisco Systems in a research note on Friday, March 17th. Loop Capital lifted their target price on Cisco Systems from $65.00 to $66.00 and gave the stock a "buy" rating in a report on Thursday, February 16th. Rosenblatt Securities lifted their target price on Cisco Systems from $51.00 to $53.00 and gave the stock a "neutral" rating in a report on Thursday, February 16th. Finally, UBS Group boosted their price target on Cisco Systems from $48.00 to $51.00 and gave the company a "neutral" rating in a report on Thursday, February 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Cisco Systems presently has an average rating of "Moderate Buy" and a consensus target price of $56.38.

Insider Transactions at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 23,701 shares of the business's stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $50.90, for a total value of $1,206,380.90. Following the transaction, the executive vice president now owns 184,853 shares in the company, valued at approximately $9,409,017.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Prat Bhatt sold 608 shares of the firm's stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $48.74, for a total transaction of $29,633.92. Following the completion of the sale, the senior vice president now owns 50,162 shares in the company, valued at $2,444,895.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Deborah L. Stahlkopf sold 23,701 shares of the stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $50.90, for a total transaction of $1,206,380.90. Following the transaction, the executive vice president now owns 184,853 shares of the company's stock, valued at approximately $9,409,017.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,568 shares of company stock worth $2,376,624. Company insiders own 0.02% of the company's stock.

Institutional Trading of Cisco Systems

Several large investors have recently modified their holdings of CSCO. Retirement Financial Solutions LLC bought a new position in shares of Cisco Systems during the 4th quarter worth about $25,000. Steward Financial Group LLC bought a new position in Cisco Systems during the 4th quarter worth approximately $26,000. My Personal CFO LLC bought a new position in Cisco Systems during the 4th quarter worth approximately $27,000. Fortis Capital Advisors LLC bought a new position in Cisco Systems during the 4th quarter worth approximately $34,000. Finally, Carmel Capital Partners LLC bought a new position in Cisco Systems during the 1st quarter worth approximately $35,000. 71.10% of the stock is owned by institutional investors.

Cisco Systems Company Profile

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Cisco Systems, Inc engages in the design, manufacture, and sale of Internet Protocol-based networking products and services related to the communications and information technology industry. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its products include the following categories: Switches, Routers, Wireless, Network Management Interfaces and Modules, Optical Networking, Access Points, Outdoor and Industrial Access Points, Next-Generation Firewalls, Advanced Malware Protection, VPN Security Clients, Email, and Web Security.

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