Rothschild Asset Management Inc buys $64.2 Million stake in Cisco Systems (CSCO)

Cisco Systems (CSCO) : Rothschild Asset Management Inc scooped up 128,215 additional shares in Cisco Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 2,420,711 shares of Cisco Systems which is valued at $64.2 Million.Cisco Systems makes up approximately 1.22% of Rothschild Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Fayez Sarofim Co reduced its stake in CSCO by selling 3,616 shares or 2.31% in the most recent quarter. The Hedge Fund company now holds 152,638 shares of CSCO which is valued at $4 Million. Cisco Systems makes up approx 0.02% of Fayez Sarofim Co’s portfolio.Budros Ruhlin Roe reduced its stake in CSCO by selling 7 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 131,626 shares of CSCO which is valued at $3.5 Million. Cisco Systems makes up approx 1.23% of Budros Ruhlin Roe’s portfolio.Blue Chip Partners boosted its stake in CSCO in the latest quarter, The investment management firm added 5,208 additional shares and now holds a total of 149,978 shares of Cisco Systems which is valued at $4 Million. Cisco Systems makes up approx 1.94% of Blue Chip Partners’s portfolio.Los Angeles Capital Management Equity Research Inc reduced its stake in CSCO by selling 1,985 shares or 0.21% in the most recent quarter. The Hedge Fund company now holds 951,555 shares of CSCO which is valued at $25.2 Million. Cisco Systems makes up approx 0.23% of Los Angeles Capital Management Equity Research Inc’s portfolio.

Cisco Systems opened for trading at $28.58 and hit $29 on the upside on Wednesday, eventually ending the session at $28.92, with a gain of 1.58% or 0.45 points. The heightened volatility saw the trading volume jump to 2,57,29,608 shares. Company has a market cap of $145,529 M.

On the company’s financial health, Cisco Systems reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 18, 2016. Analyst had a consensus of $0.55. The company had revenue of $12000.00 million for the quarter, compared to analysts expectations of $11951.58 million. The company’s revenue was down -1.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.54 EPS.

Many Wall Street Analysts have commented on Cisco Systems. Company shares were Reiterated by RBC Capital Mkts on May 19, 2016 to “Outperform”, Firm has raised the Price Target to $ 33 from a previous price target of $31 .Company shares were Reiterated by Wunderlich on May 19, 2016 to “Hold”, Firm has raised the Price Target to $ 27 from a previous price target of $24 .Company shares were Reiterated by Barclays on May 19, 2016 to “Overweight”, Firm has raised the Price Target to $ 31 from a previous price target of $29 .

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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