Northwest Investment Counselors buys $2,376,766 stake in Cisco Systems (CSCO)

Cisco Systems (CSCO) : Northwest Investment Counselors scooped up 130 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 78,753 shares of Cisco Systems which is valued at $2,376,766.Cisco Systems makes up approximately 1.25% of Northwest Investment Counselors’s portfolio.

Other Hedge Funds, Including , Cwm reduced its stake in CSCO by selling 5,329 shares or 4.51% in the most recent quarter. The Hedge Fund company now holds 112,785 shares of CSCO which is valued at $3,403,851. Cisco Systems makes up approx 0.24% of Cwm’s portfolio.Patten Patten Inctn boosted its stake in CSCO in the latest quarter, The investment management firm added 21,065 additional shares and now holds a total of 249,983 shares of Cisco Systems which is valued at $7,759,472. Cisco Systems makes up approx 1.01% of Patten Patten Inctn’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.Hollencrest Securities reduced its stake in CSCO by selling 409 shares or 1.72% in the most recent quarter. The Hedge Fund company now holds 23,404 shares of CSCO which is valued at $726,460. Cisco Systems makes up approx 0.11% of Hollencrest Securities’s portfolio.New England Research Management reduced its stake in CSCO by selling 12,250 shares or 21.34% in the most recent quarter. The Hedge Fund company now holds 45,150 shares of CSCO which is valued at $1,426,289. Cisco Systems makes up approx 1.20% of New England Research Management’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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