Guild Investment Management Exits Position in Cisco Systems (CSCO)

Cisco Systems (CSCO) : Guild Investment Management has sold out all of its stake in Cisco Systems during the most recent quarter, according to the disclosure filed by the company on Apr 20, 2016 with the SEC. The investment management company has sold out 173,639 shares of Cisco Systems which is valued at $4,887,938.

Cisco Systems closed down -0.09 points or -0.32% at $28.15 with 2,31,47,609 shares getting traded on Friday. Post opening the session at $28.3, the shares hit an intraday low of $28.07 and an intraday high of $28.55 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Cornerstone Investment Partners reduced its stake in CSCO by selling 308,312 shares or 5.77% in the most recent quarter. The Hedge Fund company now holds 5,038,462 shares of CSCO which is valued at $141,832,705. Cisco Systems makes up approx 4.49% of Cornerstone Investment Partners’s portfolio.Wendell David Associates Inc boosted its stake in CSCO in the latest quarter, The investment management firm added 1,003 additional shares and now holds a total of 79,048 shares of Cisco Systems which is valued at $2,225,201. Cisco Systems makes up approx 0.43% of Wendell David Associates Inc’s portfolio.Edinburgh Partners Ltd reduced its stake in CSCO by selling 105,131 shares or 3.56% in the most recent quarter. The Hedge Fund company now holds 2,849,151 shares of CSCO which is valued at $80,203,601. Cisco Systems makes up approx 8.80% of Edinburgh Partners Ltd’s portfolio.Jaffetilchin Investment Partners reduced its stake in CSCO by selling 74 shares or 0.47% in the most recent quarter. The Hedge Fund company now holds 15,700 shares of CSCO which is valued at $438,030. Cisco Systems makes up approx 0.14% of Jaffetilchin Investment Partners’s portfolio.Stillwater Investment Management boosted its stake in CSCO in the latest quarter, The investment management firm added 1,670 additional shares and now holds a total of 67,168 shares of Cisco Systems which is valued at $1,855,180. Cisco Systems makes up approx 1.11% of Stillwater Investment Management’s portfolio.

On the company’s financial health, Cisco Systems reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 10, 2016. Analyst had a consensus of $0.54. The company had revenue of $11927.00 million for the quarter, compared to analysts expectations of $11750.05 million. The company’s revenue was down -.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on Cisco Systems. Company shares were Upgraded by JP Morgan on Apr 6, 2016 to ” Neutral”, Firm has raised the Price Target to $ 27.50 from a previous price target of $17 .Company shares were Downgraded by BofA/Merrill on Apr 5, 2016 to ” Neutral”, Firm has raised the Price Target to $ 30 from a previous price target of $27 .RBC Capital Mkts Resumed Cisco Systems on Mar 16, 2016 to “Outperform”, Price Target of the shares are set at $31.

Cisco System Inc. (Cisco) designs and sells lines of products provides services and delivers integrated solutions to develop and connect networks around the world building the Internet. The Company is engaged in designing manufacturing and selling Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provides services associated with these products and their use. The Company operates its business through three segments: The Americas; Europe Middle East and Africa (EMEA) and Asia Pacific Japan and China (APJC). It groups its products and technologies into the various categories such as Switching Next-Generation Network (NGN) Routing Collaboration Service Provider Video Data Center Wireless Security and Other Products. In addition to its product offerings it provides a range of service offerings including technical support services and advanced services.

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