Cisco Systems (CSCO) : Maple Securities Usa Inc has sold out all of its stake in Cisco Systems during the most recent quarter, according to the disclosure filed by the company on Jul 13, 2016 with the SEC. The investment management company has sold out 37,383 shares of Cisco Systems which is valued at $1,112,144.
Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in CSCO in the latest quarter, The investment management firm added 29,757 additional shares and now holds a total of 950,340 shares of Cisco Systems which is valued at $28,272,615. Cisco Systems makes up approx 0.83% of Capstone Asset Management Co’s portfolio.Beacon Capital Management reduced its stake in CSCO by selling 1,635 shares or 23.29% in the most recent quarter. The Hedge Fund company now holds 5,385 shares of CSCO which is valued at $157,565. Cisco Systems makes up approx 0.01% of Beacon Capital Management’s portfolio. Founders Financial Securities added CSCO to its portfolio by purchasing 77,737 company shares during the most recent quarter which is valued at $2,274,585. Cisco Systems makes up approx 1.03% of Founders Financial Securities’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 $29.75 and hit $29.995 on the upside on Monday, eventually ending the session at $29.91, with a gain of 0.30% or 0.09 points. The heightened volatility saw the trading volume jump to 1,74,84,874 shares. Company has a market cap of $150,439 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.