Narwhal Capital Management buys $3,702,147 stake in Cisco Systems (CSCO)

Cisco Systems (CSCO) : Narwhal Capital Management scooped up 23,215 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 131,515 shares of Cisco Systems which is valued at $3,702,147.Cisco Systems makes up approximately 1.19% of Narwhal Capital Management’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 , First Quadrant L Pca boosted its stake in CSCO in the latest quarter, The investment management firm added 354,600 additional shares and now holds a total of 1,572,700 shares of Cisco Systems which is valued at $44,271,505. Cisco Systems makes up approx 0.95% of First Quadrant L Pca’s portfolio.Btim Corp. boosted its stake in CSCO in the latest quarter, The investment management firm added 64,235 additional shares and now holds a total of 1,068,524 shares of Cisco Systems which is valued at $30,078,951. Cisco Systems makes up approx 0.52% of Btim Corp.’s portfolio.Van Cleef Asset Managementinc reduced its stake in CSCO by selling 15,500 shares or 17.17% in the most recent quarter. The Hedge Fund company now holds 74,782 shares of CSCO which is valued at $2,105,113. Cisco Systems makes up approx 0.74% of Van Cleef Asset Managementinc’s portfolio.Woodley Farra Manion Portfolio Management Inc boosted its stake in CSCO in the latest quarter, The investment management firm added 32,592 additional shares and now holds a total of 114,441 shares of Cisco Systems which is valued at $3,221,514. Cisco Systems makes up approx 0.53% of Woodley Farra Manion Portfolio Management Inc’s portfolio.Berkshire Asset Managementpa boosted its stake in CSCO in the latest quarter, The investment management firm added 4,970 additional shares and now holds a total of 585,820 shares of Cisco Systems which is valued at $16,344,378. Cisco Systems makes up approx 2.51% of Berkshire Asset Managementpa’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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