Ameritas Investment Partners buys $8,351,385 stake in Cisco Systems (CSCO)

Cisco Systems (CSCO) : Ameritas Investment Partners scooped up 8,297 additional shares in Cisco Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 270,534 shares of Cisco Systems which is valued at $8,351,385.Cisco Systems makes up approximately 0.54% of Ameritas Investment Partners’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in CSCO by selling 30,228 shares or 12.87% in the most recent quarter. The Hedge Fund company now holds 204,631 shares of CSCO which is valued at $6,316,959. Cisco Systems makes up approx 0.75% of First Mercantile Trust Co’s portfolio.First Eagle Investment Management reduced its stake in CSCO by selling 17,700 shares or 61.25% in the most recent quarter. The Hedge Fund company now holds 11,200 shares of CSCO which is valued at $346,640.Fishman Jay A Ltdmi reduced its stake in CSCO by selling 2,300 shares or 3.87% in the most recent quarter. The Hedge Fund company now holds 57,075 shares of CSCO which is valued at $1,769,896. Cisco Systems makes up approx 0.42% of Fishman Jay A Ltdmi’s portfolio.Calvert Investment Management reduced its stake in CSCO by selling 455,178 shares or 40.34% in the most recent quarter. The Hedge Fund company now holds 673,141 shares of CSCO which is valued at $20,894,297. Cisco Systems makes up approx 1.04% of Calvert Investment Management’s portfolio.Mai Capital Management reduced its stake in CSCO by selling 23,490 shares or 6.39% in the most recent quarter. The Hedge Fund company now holds 344,344 shares of CSCO which is valued at $10,299,329. Cisco Systems makes up approx 0.82% of Mai Capital Management’s portfolio.

Cisco Systems opened for trading at $30.37 and hit $30.65 on the upside on Friday, eventually ending the session at $30.52, with a gain of 0.13% or 0.04 points. The heightened volatility saw the trading volume jump to 2,51,31,345 shares. Company has a market cap of $153,507 M.

On the company’s financial health, Cisco Systems reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 17, 2016. Analyst had a consensus of $0.60. The company had revenue of $12638.00 million for the quarter, compared to analysts expectations of $12571.21 million. The company’s revenue was down -1.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.59 EPS.

Many Wall Street Analysts have commented on Cisco Systems. Company shares were Reiterated by Jefferies on Aug 17, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $30.75 .Company shares were Reiterated by RBC Capital Mkts on Jul 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 35 from a previous price target of $33 .Cisco Systems was Downgraded by Goldman to ” Neutral” on Jun 15, 2016.

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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