Marble Harbor Investment Counsel buys $11,353,169 stake in Cisco Systems (CSCO)

Cisco Systems (CSCO) : Marble Harbor Investment Counsel scooped up 1,688 additional shares in Cisco Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 427,937 shares of Cisco Systems which is valued at $11,353,169.Cisco Systems makes up approximately 2.87% of Marble Harbor Investment Counsel’s portfolio.

Other Hedge Funds, Including , First Dallas Securities reduced its stake in CSCO by selling 2,553 shares or 13.18% in the most recent quarter. The Hedge Fund company now holds 16,823 shares of CSCO which is valued at $446,314. Cisco Systems makes up approx 0.36% of First Dallas Securities’s portfolio.Wedbush Securities Inc boosted its stake in CSCO in the latest quarter, The investment management firm added 13,685 additional shares and now holds a total of 66,625 shares of Cisco Systems which is valued at $1,767,561. Cisco Systems makes up approx 0.32% of Wedbush Securities Inc’s portfolio.Thompson Davis boosted its stake in CSCO in the latest quarter, The investment management firm added 2,265 additional shares and now holds a total of 20,690 shares of Cisco Systems which is valued at $548,906. Cisco Systems makes up approx 0.82% of Thompson Davis’s portfolio.Lafleur Godfrey reduced its stake in CSCO by selling 5,965 shares or 6.24% in the most recent quarter. The Hedge Fund company now holds 89,576 shares of CSCO which is valued at $2,462,444. Cisco Systems makes up approx 0.75% of Lafleur Godfrey’s portfolio.North Star Investment Management Corp. boosted its stake in CSCO in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 34,524 shares of Cisco Systems which is valued at $949,065. Cisco Systems makes up approx 0.18% of North Star Investment Management Corp.’s portfolio.

Cisco Systems opened for trading at $26.67 and hit $27.1 on the upside on Tuesday, eventually ending the session at $27.03, with a gain of 1.96% or 0.52 points. The heightened volatility saw the trading volume jump to 2,26,42,488 shares. Company has a market cap of $136,018 M.

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.

Leave a Reply

Cisco Systems - Is it time to Sell?

Top Brokerage Firms are advising their investors on Cisco Systems. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.