Koshinski Asset Management buys $1,110,383 stake in Cisco Systems (CSCO)

Cisco Systems (CSCO) : Koshinski Asset Management scooped up 226 additional shares in Cisco Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 36,792 shares of Cisco Systems which is valued at $1,110,383.Cisco Systems makes up approximately 0.55% of Koshinski Asset Management’s portfolio.

Other Hedge Funds, Including , Stonebridge Capital Management Inc reduced its stake in CSCO by selling 2,000 shares or 0.84% in the most recent quarter. The Hedge Fund company now holds 235,187 shares of CSCO which is valued at $7,097,944. Cisco Systems makes up approx 3.11% of Stonebridge Capital Management Inc’s portfolio.Howland Capital Management reduced its stake in CSCO by selling 13,335 shares or 44.35% in the most recent quarter. The Hedge Fund company now holds 16,734 shares of CSCO which is valued at $504,865. Cisco Systems makes up approx 0.05% of Howland Capital Management’s portfolio.British Columbia Investment Management Corp reduced its stake in CSCO by selling 381,358 shares or 12.3% in the most recent quarter. The Hedge Fund company now holds 2,718,608 shares of CSCO which is valued at $84,385,592. Cisco Systems makes up approx 0.86% of British Columbia Investment Management Corp’s portfolio.Wilsey Asset Management Inc reduced its stake in CSCO by selling 4,103 shares or 1.5% in the most recent quarter. The Hedge Fund company now holds 269,125 shares of CSCO which is valued at $8,469,364. Cisco Systems makes up approx 6.46% of Wilsey Asset Management Inc’s portfolio.Founders Financial Securities reduced its stake in CSCO by selling 47,749 shares or 61.42% in the most recent quarter. The Hedge Fund company now holds 29,988 shares of CSCO which is valued at $943,722. Cisco Systems makes up approx 0.41% of Founders Financial Securities’s portfolio.

Cisco Systems opened for trading at $30.35 and hit $30.55 on the upside on Friday, eventually ending the session at $30.18, with a gain of 0.03% or 0.01 points. The heightened volatility saw the trading volume jump to 2,05,45,127 shares. Company has a market cap of $151,333 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 Deutsche Bank on Sep 14, 2016 to “Buy”, Firm has raised the Price Target to $ 37 from a previous price target of $35 .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 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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