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 Apr 13, 2016 with the SEC. The investment management company has sold out 37,383 shares of Cisco Systems which is valued at $1,042,986.
Cisco Systems opened for trading at $27.9 and hit $28.25 on the upside on Monday, eventually ending the session at $28.19, with a gain of 1.04% or 0.29 points. The heightened volatility saw the trading volume jump to 1,57,62,894 shares. Company has a market cap of $141,855 M.
Other Hedge Funds, Including , Somerset Trust Co reduced its stake in CSCO by selling 522 shares or 0.56% in the most recent quarter. The Hedge Fund company now holds 92,408 shares of CSCO which is valued at $2,578,183. Cisco Systems makes up approx 1.69% of Somerset Trust Co’s portfolio.Capital Asset Advisory Services boosted its stake in CSCO in the latest quarter, The investment management firm added 1,095 additional shares and now holds a total of 49,768 shares of Cisco Systems which is valued at $1,388,527. Cisco Systems makes up approx 1.58% of Capital Asset Advisory Services’s portfolio.Dnb Asset Management As reduced its stake in CSCO by selling 217,726 shares or 4.2% in the most recent quarter. The Hedge Fund company now holds 4,970,253 shares of CSCO which is valued at $138,670,059. Cisco Systems makes up approx 2.86% of Dnb Asset Management As’s portfolio.Creative Planning boosted its stake in CSCO in the latest quarter, The investment management firm added 1,170 additional shares and now holds a total of 396,964 shares of Cisco Systems which is valued at $10,964,146. Cisco Systems makes up approx 0.09% of Creative Planning’s portfolio.Founders Capital Management boosted its stake in CSCO in the latest quarter, The investment management firm added 3,283 additional shares and now holds a total of 79,915 shares of Cisco Systems which is valued at $2,207,252. Cisco Systems makes up approx 1.29% of Founders Capital 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.