Cisco Systems (CSCO) : Franklin Street Advisors Inc Nc scooped up 110,114 additional shares in Cisco Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 11, 2016. The investment management firm now holds a total of 349,077 shares of Cisco Systems which is valued at $10,385,041.Cisco Systems makes up approximately 1.91% of Franklin Street Advisors Inc Nc’s portfolio.
Other Hedge Funds, Including , Searle sold out all of its stake in CSCO during the most recent quarter. The investment firm sold 14,782 shares of CSCO which is valued $439,765.Alpha Windward reduced its stake in CSCO by selling 351 shares or 4.95% in the most recent quarter. The Hedge Fund company now holds 6,735 shares of CSCO which is valued at $197,066. Cisco Systems makes up approx 0.14% of Alpha Windward’s portfolio.Hollencrest Securities reduced its stake in CSCO by selling 11,640 shares or 32.83% in the most recent quarter. The Hedge Fund company now holds 23,813 shares of CSCO which is valued at $696,768. Cisco Systems makes up approx 0.11% of Hollencrest Securities’s portfolio.First Premier Bank boosted its stake in CSCO in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 9,494 shares of Cisco Systems which is valued at $277,794. Cisco Systems makes up approx 0.21% of First Premier Bank’s portfolio.Cullinan Associates Inc reduced its stake in CSCO by selling 3,500 shares or 0.94% in the most recent quarter. The Hedge Fund company now holds 370,100 shares of CSCO which is valued at $10,658,880. Cisco Systems makes up approx 0.87% of Cullinan Associates Inc’s portfolio.
Cisco Systems opened for trading at $29.72 and hit $29.83 on the upside on Wednesday, eventually ending the session at $29.75, with a gain of 0.47% or 0.14 points. The heightened volatility saw the trading volume jump to 1,80,38,066 shares. Company has a market cap of $149,634 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. Cisco Systems was Downgraded by Goldman to ” Neutral” on Jun 15, 2016. 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 .
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.