Cisco Systems (CSCO) : Country Club Trust Company N.a. scooped up 20,188 additional shares in Cisco Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 21, 2016. The investment management firm now holds a total of 569,848 shares of Cisco Systems which is valued at $17,500,032.Cisco Systems makes up approximately 2.47% of Country Club Trust Company N.a.’s portfolio.
Other Hedge Funds, Including , Meristem Llp reduced its stake in CSCO by selling 1,421 shares or 12.13% in the most recent quarter. The Hedge Fund company now holds 10,297 shares of CSCO which is valued at $316,221. Cisco Systems makes up approx 0.14% of Meristem Llp’s portfolio.St. Johns Investment Management Company boosted its stake in CSCO in the latest quarter, The investment management firm added 566 additional shares and now holds a total of 32,583 shares of Cisco Systems which is valued at $998,017. Cisco Systems makes up approx 0.87% of St. Johns Investment Management Company’s portfolio.Sentinel Trust Co Lba reduced its stake in CSCO by selling 17,457 shares or 13.04% in the most recent quarter. The Hedge Fund company now holds 116,427 shares of CSCO which is valued at $3,566,159. Cisco Systems makes up approx 0.50% of Sentinel Trust Co Lba’s portfolio.American Investment Services boosted its stake in CSCO in the latest quarter, The investment management firm added 84,298 additional shares and now holds a total of 91,719 shares of Cisco Systems which is valued at $2,728,640. Cisco Systems makes up approx 1.16% of American Investment Services’s portfolio.Howland Capital Management reduced its stake in CSCO by selling 220 shares or 0.73% in the most recent quarter. The Hedge Fund company now holds 30,069 shares of CSCO which is valued at $879,819. Cisco Systems makes up approx 0.08% of Howland Capital Management’s portfolio.
Cisco Systems closed down -0.24 points or -0.78% at $30.52 with 2,24,30,826 shares getting traded on Thursday. Post opening the session at $30.65, the shares hit an intraday low of $30.37 and an intraday high of $30.74 and the price fluctuated in this range throughout the day.Shares ended Thursday 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. 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.