Weaver C. Barksdale Associates buys $967,143 stake in Cisco Systems (CSCO)

Cisco Systems (CSCO) : Weaver C. Barksdale Associates scooped up 2,567 additional shares in Cisco Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 11, 2016. The investment management firm now holds a total of 32,509 shares of Cisco Systems which is valued at $967,143.Cisco Systems makes up approximately 1.64% of Weaver C. Barksdale Associates’s portfolio.

Other Hedge Funds, Including , Hefty Wealth Partners boosted its stake in CSCO in the latest quarter, The investment management firm added 36,223 additional shares and now holds a total of 36,657 shares of Cisco Systems which is valued at $1,090,546. Cisco Systems makes up approx 0.88% of Hefty Wealth Partners’s portfolio. Rosenbaum Jay D. sold out all of its stake in CSCO during the most recent quarter. The investment firm sold 14,650 shares of CSCO which is valued $428,659.Nexus Investment Management boosted its stake in CSCO in the latest quarter, The investment management firm added 3,050 additional shares and now holds a total of 602,040 shares of Cisco Systems which is valued at $17,615,690. Cisco Systems makes up approx 3.31% of Nexus Investment Management’s portfolio.M. Kraus Co boosted its stake in CSCO in the latest quarter, The investment management firm added 5,073 additional shares and now holds a total of 150,700 shares of Cisco Systems which is valued at $4,409,482. Cisco Systems makes up approx 2.58% of M. Kraus Co’s portfolio.

Cisco Systems opened for trading at $29.72 and hit $29.83 on the upside on Wednesday, eventually ending the session at $29.75, with a gain of 0.47% or 0.14 points. The heightened volatility saw the trading volume jump to 1,80,38,066 shares. Company has a market cap of $149,634 M.

On the company’s financial health, Cisco Systems reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 18, 2016. Analyst had a consensus of $0.55. The company had revenue of $12000.00 million for the quarter, compared to analysts expectations of $11951.58 million. The company’s revenue was down -1.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.54 EPS.

Many Wall Street Analysts have commented on Cisco Systems. Cisco Systems was Downgraded by Goldman to ” Neutral” on Jun 15, 2016. Company shares were Reiterated by RBC Capital Mkts on May 19, 2016 to “Outperform”, Firm has raised the Price Target to $ 33 from a previous price target of $31 .Company shares were Reiterated by Wunderlich on May 19, 2016 to “Hold”, Firm has raised the Price Target to $ 27 from a previous price target of $24 .

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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