Meridian Financial LLC Has $962,000 Stock Holdings in Cisco Systems, Inc. $CSCO

Meridian Financial LLC decreased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,863 shares of the network equipment provider’s stock after selling 595 shares during the quarter. Meridian Financial LLC’s holdings in Cisco Systems were worth $962,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CSCO. Brighton Jones LLC lifted its holdings in Cisco Systems by 49.5% during the 4th quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider’s stock worth $4,392,000 after buying an additional 24,562 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in Cisco Systems by 37.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider’s stock worth $542,000 after buying an additional 2,474 shares in the last quarter. Park Square Financial Group LLC acquired a new position in Cisco Systems during the 4th quarter worth $55,000. BridgePort Financial Solutions LLC acquired a new position in shares of Cisco Systems in the 4th quarter valued at $252,000. Finally, Castle Rock Wealth Management LLC acquired a new position in shares of Cisco Systems in the 4th quarter valued at $212,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Bank of America increased their price target on Cisco Systems from $76.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. Deutsche Bank Aktiengesellschaft raised Cisco Systems from a “hold” rating to a “buy” rating and increased their price target for the company from $65.00 to $73.00 in a research note on Monday, June 16th. Rosenblatt Securities reissued a “buy” rating and issued a $87.00 price target on shares of Cisco Systems in a research note on Thursday, August 14th. JPMorgan Chase & Co. increased their price target on Cisco Systems from $73.00 to $78.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Finally, HSBC reissued a “hold” rating and issued a $69.00 price target on shares of Cisco Systems in a research note on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $74.53.

Cisco Systems Stock Performance

Shares of Cisco Systems stock opened at $67.32 on Thursday. The company has a market capitalization of $266.13 billion, a PE ratio of 25.69, a PEG ratio of 2.84 and a beta of 0.99. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $72.55. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. The stock’s fifty day simple moving average is $68.15 and its 200 day simple moving average is $64.21.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The firm had revenue of $14.67 billion during the quarter, compared to analysts’ expectations of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. On average, research analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

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 dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems’s dividend payout ratio is 62.60%.

Insider Activity

In other news, EVP Oliver Tuszik sold 17,526 shares of the firm’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $67.95, for a total value of $1,190,891.70. Following the completion of the transaction, the executive vice president owned 198,855 shares in the company, valued at $13,512,197.25. This trade represents a 8.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of the firm’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 completion of the transaction, the executive vice president owned 161,662 shares of the company’s stock, valued at $10,766,689.20. The trade was a 5.71% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,965 shares of company stock worth $5,559,996. 0.01% of the stock is currently owned by insiders.

Cisco Systems Profile

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.