G&S Capital LLC decreased its stake in Cisco Systems, Inc. by 1.2% in the first quarter, selling 272 shares and holding 23,304 shares valued at $1,163,000. Other investors like Mcintyre Freedman & Flynn Investment Advisers Inc. and Hyman Charles D. also increased their holdings while Madrona Financial Services LLC and Morton Brown Family Wealth LLC added more shares. Insider trading was evident, with CEO Carlos Robbins selling 26,331 shares at $46.10 each, totaling over $1.2 million. SVP Maria Victoria Wong and Executive Director Carlos Robbins also sold shares recently. The company’s stock performance showed a decrease in market capitalization, with an average trading price of $46.86.
Cisco Systems’ latest earnings report exceeded analysts’ expectations, reporting $0.88 earnings per share and $12.70 billion in revenue. The company’s net margin was 21.88%, and despite a reduction in quarterly revenue, a return on equity of 30.82% was achieved. An upcoming dividend of $0.40 per share was announced, with a yield of 3.41%. Analysts have varied opinions, with Needham & Company LLC maintaining a “hold” rating while Wells Fargo & Company raised their target price. Citigroup and Morgan Stanley initiated coverage with neutral and overweight ratings, respectively, while Barclays upgraded the price target.
Cisco Systems, Inc. is a leading networking equipment vendor, offering products related to the communication and information technology industry globally. Their portfolio consists of switching, routing, wireless, and computing products designed for secure and reliable connectivity in various network environments. For more information on holdings and insider trading activities, visit HoldingsChannel.com. To stay updated on Cisco Systems news and ratings, subscribe to MarketBeat.com’s daily email newsletter.
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