Farmers Trust Co buys $6,156,649 stake in Cisco Systems (CSCO)

Cisco Systems (CSCO) : Farmers Trust Co scooped up 3,212 additional shares in Cisco Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 20, 2016. The investment management firm now holds a total of 200,477 shares of Cisco Systems which is valued at $6,156,649.Cisco Systems makes up approximately 1.95% of Farmers Trust Co’s portfolio.

Other Hedge Funds, Including , Palo Capital boosted its stake in CSCO in the latest quarter, The investment management firm added 15,179 additional shares and now holds a total of 25,802 shares of Cisco Systems which is valued at $792,379. Cisco Systems makes up approx 0.26% of Palo Capital’s portfolio.First Quadrant L Pca boosted its stake in CSCO in the latest quarter, The investment management firm added 152,000 additional shares and now holds a total of 1,724,700 shares of Cisco Systems which is valued at $52,827,561. Cisco Systems makes up approx 1.12% of First Quadrant L Pca’s portfolio.Acadian Asset Management reduced its stake in CSCO by selling 150,178 shares or 54.33% in the most recent quarter. The Hedge Fund company now holds 126,234 shares of CSCO which is valued at $3,866,547. Cisco Systems makes up approx 0.02% of Acadian Asset Management’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.Bristol John W Co Inc Ny reduced its stake in CSCO by selling 173,129 shares or 5.88% in the most recent quarter. The Hedge Fund company now holds 2,769,485 shares of CSCO which is valued at $82,835,296. Cisco Systems makes up approx 2.25% of Bristol John W Co Inc Ny’s portfolio.

Cisco Systems opened for trading at $30.04 and hit $30.69 on the upside on Wednesday, eventually ending the session at $30.63, with a gain of 2.37% or 0.71 points. The heightened volatility saw the trading volume jump to 5,01,68,804 shares. Company has a market cap of $154,060 M.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Cisco Systems - Is it time to Sell?

Top Brokerage Firms are advising their investors on Cisco Systems. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.