Beech Hill Advisors buys $4,036,710 stake in Cisco Systems (CSCO)

Cisco Systems (CSCO) : Beech Hill Advisors scooped up 4,725 additional shares in Cisco Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 143,400 shares of Cisco Systems which is valued at $4,036,710.Cisco Systems makes up approximately 3.13% of Beech Hill Advisors’s portfolio.

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 , Hartford Financial Management boosted its stake in CSCO in the latest quarter, The investment management firm added 154 additional shares and now holds a total of 8,278 shares of Cisco Systems which is valued at $233,026. Cisco Systems makes up approx 0.14% of Hartford Financial Management’s portfolio. Maple Securities Usa Inc sold out all of its stake in CSCO during the most recent quarter. The investment firm sold 37,383 shares of CSCO which is valued $1,042,986.Blue Bell Private Wealth Management boosted its stake in CSCO in the latest quarter, The investment management firm added 2,032 additional shares and now holds a total of 4,439 shares of Cisco Systems which is valued at $123,848. Cisco Systems makes up approx 0.08% of Blue Bell Private Wealth Management’s portfolio.Oakwood Capital Managementca boosted its stake in CSCO in the latest quarter, The investment management firm added 6,490 additional shares and now holds a total of 241,296 shares of Cisco Systems which is valued at $6,732,158. Cisco Systems makes up approx 1.76% of Oakwood Capital Managementca’s portfolio.Partnerre Asset Management Corp reduced its stake in CSCO by selling 200 shares or 0.58% in the most recent quarter. The Hedge Fund company now holds 34,030 shares of CSCO which is valued at $939,909. Cisco Systems makes up approx 0.50% of Partnerre Asset Management Corp’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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