Pallas Capital Advisors LLC Trims Stock Position in Cisco Systems, Inc. $CSCO

Pallas Capital Advisors LLC cut its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 11.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,255 shares of the network equipment provider’s stock after selling 3,244 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Cisco Systems were worth $1,683,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Mpwm Advisory Solutions LLC purchased a new position in shares of Cisco Systems during the fourth quarter worth approximately $26,000. JDM Financial Group LLC boosted its stake in shares of Cisco Systems by 160.4% during the fourth quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider’s stock valued at $29,000 after purchasing an additional 300 shares in the last quarter. Pandora Wealth Inc. bought a new position in shares of Cisco Systems during the first quarter valued at approximately $31,000. Nova Wealth Management Inc. bought a new position in shares of Cisco Systems during the first quarter valued at approximately $31,000. Finally, Fairway Wealth LLC boosted its stake in shares of Cisco Systems by 224.7% during the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider’s stock valued at $36,000 after purchasing an additional 400 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CSCO has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on shares of Cisco Systems from $73.00 to $78.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Deutsche Bank Aktiengesellschaft upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and raised their target price for the company from $65.00 to $73.00 in a research note on Monday, June 16th. Wells Fargo & Company lifted their price objective on shares of Cisco Systems from $75.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th. William Blair raised shares of Cisco Systems to a “hold” rating in a report on Thursday, August 14th. Finally, Barclays raised their target price on shares of Cisco Systems from $66.00 to $71.00 and gave the stock an “equal weight” rating in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.53.

Insider Buying and Selling

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 9,783 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $651,547.80. Following the transaction, the executive vice president directly owned 161,662 shares in the company, valued at $10,766,689.20. The trade was a 5.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Maria Victoria Wong sold 3,162 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $67.28, for a total transaction of $212,739.36. Following the completion of the sale, the senior vice president directly owned 31,468 shares in the company, valued at $2,117,167.04. This trade represents a 9.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,439 shares of company stock worth $4,369,104 over the last ninety days. 0.01% of the stock is currently owned by insiders.

Cisco Systems Stock Performance

CSCO opened at $67.72 on Thursday. The firm has a market capitalization of $267.71 billion, a PE ratio of 25.85, a PEG ratio of 2.81 and a beta of 0.99. Cisco Systems, Inc. has a twelve month low of $50.27 and a twelve month high of $72.55. The firm’s 50-day moving average price is $68.14 and its 200 day moving average price is $64.06. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. The company had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. Cisco Systems’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.87 EPS. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. As a group, sell-side analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems’s payout ratio is presently 62.60%.

About Cisco Systems

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.