Cisco Systems (CSCO) : Notis-mcconarty Edward reduced its stake in Cisco Systems by 0.79% during the most recent quarter end. The investment management company now holds a total of 93,979 shares of Cisco Systems which is valued at $2.7 Million after selling 750 shares in Cisco Systems , the firm said in a disclosure report filed with the SEC on May 27, 2016.Cisco Systems makes up approximately 1.91% of Notis-mcconarty Edward’s portfolio.
Other Hedge Funds, Including , Kidder Stephen W reduced its stake in CSCO by selling 700 shares or 0.6% in the most recent quarter. The Hedge Fund company now holds 115,850 shares of CSCO which is valued at $3.4 Million. Cisco Systems makes up approx 1.35% of Kidder Stephen W’s portfolio.Paloma Partners Management Co boosted its stake in CSCO in the latest quarter, The investment management firm added 122,366 additional shares and now holds a total of 132,957 shares of Cisco Systems which is valued at $3.7 Million. Cisco Systems makes up approx 0.15% of Paloma Partners Management Co’s portfolio.Zions Bancorporation reduced its stake in CSCO by selling 2,051 shares or 3.78% in the most recent quarter. The Hedge Fund company now holds 52,210 shares of CSCO which is valued at $1.5 Million. Cisco Systems makes up approx 0.26% of Zions Bancorporation’s portfolio.Mckinley Carter Wealth Services reduced its stake in CSCO by selling 1,061 shares or 12.39% in the most recent quarter. The Hedge Fund company now holds 7,501 shares of CSCO which is valued at $199,002. Cisco Systems makes up approx 0.11% of Mckinley Carter Wealth Services’s portfolio.Citadel Advisors reduced its stake in CSCO by selling 1,094,239 shares or 93.46% in the most recent quarter. The Hedge Fund company now holds 76,576 shares of CSCO which is valued at $2 Million. Cisco Systems makes up approx 0.01% of Citadel Advisors’s portfolio.
Cisco Systems closed down -0.03 points or -0.10% at $29.07 with 2,15,66,590 shares getting traded on Tuesday. Post opening the session at $28.9, the shares hit an intraday low of $28.82 and an intraday high of $29.35 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.