Cisco Systems (CSCO) : Dimensional Fund Advisors Lp scooped up 3,972,418 additional shares in Cisco Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 39,348,078 shares of Cisco Systems which is valued at $1,220,183,899.Cisco Systems makes up approximately 0.67% of Dimensional Fund Advisors Lp’s portfolio.
Other Hedge Funds, Including , National Planning Corp boosted its stake in CSCO in the latest quarter, The investment management firm added 2,244 additional shares and now holds a total of 51,875 shares of Cisco Systems which is valued at $1,608,644. Cisco Systems makes up approx 0.12% of National Planning Corp’s portfolio.Cadence Bank Na boosted its stake in CSCO in the latest quarter, The investment management firm added 11,884 additional shares and now holds a total of 85,263 shares of Cisco Systems which is valued at $2,646,564. Cisco Systems makes up approx 1.29% of Cadence Bank Na’s portfolio.Lmr Partners Llp boosted its stake in CSCO in the latest quarter, The investment management firm added 90,746 additional shares and now holds a total of 104,489 shares of Cisco Systems which is valued at $3,190,049. Cisco Systems makes up approx 0.48% of Lmr Partners Llp’s portfolio.Boston Advisors boosted its stake in CSCO in the latest quarter, The investment management firm added 378,164 additional shares and now holds a total of 1,019,476 shares of Cisco Systems which is valued at $31,359,082. Cisco Systems makes up approx 0.76% of Boston Advisors’s portfolio.Argus Investors’ Counsel reduced its stake in CSCO by selling 9,000 shares or 5.51% in the most recent quarter. The Hedge Fund company now holds 154,445 shares of CSCO which is valued at $4,750,728. Cisco Systems makes up approx 1.93% of Argus Investors’ Counsel’s portfolio.
Cisco Systems closed down -0.4 points or -1.29% at $30.72 with 5,50,71,218 shares getting traded on Wednesday. Post opening the session at $30.97, the shares hit an intraday low of $30.33 and an intraday high of $30.9701 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.