Eubel Brady Suttman Asset Management Inc Lowers stake in Cisco Systems (CSCO)

Cisco Systems (CSCO) : Eubel Brady Suttman Asset Management Inc reduced its stake in Cisco Systems by 1.12% during the most recent quarter end. The investment management company now holds a total of 406,893 shares of Cisco Systems which is valued at $12,560,787 after selling 4,601 shares in Cisco Systems , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Cisco Systems makes up approximately 4.25% of Eubel Brady Suttman Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Stockman Asset Management reduced its stake in CSCO by selling 943 shares or 0.8% in the most recent quarter. The Hedge Fund company now holds 117,578 shares of CSCO which is valued at $3,629,633. Cisco Systems makes up approx 2.75% of Stockman Asset Management’s portfolio.Meridian Investment Counsel reduced its stake in CSCO by selling 50 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 24,451 shares of CSCO which is valued at $754,802. Cisco Systems makes up approx 0.50% of Meridian Investment Counsel’s portfolio.Her Majesty The Queen In Right Of The Province Of Alberta… boosted its stake in CSCO in the latest quarter, The investment management firm added 528,200 additional shares and now holds a total of 1,182,400 shares of Cisco Systems which is valued at $36,323,328. Cisco Systems makes up approx 0.46% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.Selway Asset Management reduced its stake in CSCO by selling 900 shares or 0.46% in the most recent quarter. The Hedge Fund company now holds 192,825 shares of CSCO which is valued at $5,923,584. Cisco Systems makes up approx 3.63% of Selway Asset Management’s portfolio.Retirement Systems Of Alabama boosted its stake in CSCO in the latest quarter, The investment management firm added 502,678 additional shares and now holds a total of 3,689,203 shares of Cisco Systems which is valued at $113,479,884. Cisco Systems makes up approx 0.64% of Retirement Systems Of Alabama’s portfolio.

Cisco Systems opened for trading at $31.43 and hit $31.7 on the upside on Monday, eventually ending the session at $31.58, with a gain of 0.73% or 0.23 points. The heightened volatility saw the trading volume jump to 2,11,01,729 shares. Company has a market cap of $158,838 M.

On the company’s financial health, Cisco Systems reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 17, 2016. Analyst had a consensus of $0.60. The company had revenue of $12638.00 million for the quarter, compared to analysts expectations of $12571.21 million. The company’s revenue was down -1.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.59 EPS.

Many Wall Street Analysts have commented on Cisco Systems. Company shares were Reiterated by Jefferies on Aug 17, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $30.75 .Company shares were Reiterated by RBC Capital Mkts on Jul 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 35 from a previous price target of $33 .Cisco Systems was Downgraded by Goldman to ” Neutral” on Jun 15, 2016.

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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