Pensionfund Sabic adds Cisco Systems (CSCO) to its portfolio

Cisco Systems (CSCO) : Pensionfund Sabic added new position in Cisco Systems during the most recent quarter end. The investment management firm now holds 120,000 shares of Cisco Systems which is valued at $3.3 Million according to a report filed by the company on Apr 4, 2016 with the SEC.Cisco Systems makes up approximately 1.01% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands added CSCO to its portfolio by purchasing 260,000 company shares during the most recent quarter which is valued at $7.2 Million. Cisco Systems makes up approx 0.98% of Pensionfund Dsm Netherlands’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 Systems closed down -0.07 points or -0.25% at $27.62 with 1,87,62,887 shares getting traded on Monday. Post opening the session at $27.88, the shares hit an intraday low of $27.61 and an intraday high of $28.18 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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