Marble Harbor Investment Counsel Lowers stake in Cisco Systems (CSCO)

Cisco Systems (CSCO) : Marble Harbor Investment Counsel reduced its stake in Cisco Systems by 0.86% during the most recent quarter end. The investment management company now holds a total of 424,262 shares of Cisco Systems which is valued at $13,130,909 after selling 3,675 shares in Cisco Systems , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Cisco Systems makes up approximately 3.15% of Marble Harbor Investment Counsel’s portfolio.

Other Hedge Funds, Including , Compton Capital Management Inc Ri boosted its stake in CSCO in the latest quarter, The investment management firm added 1,245 additional shares and now holds a total of 210,679 shares of Cisco Systems which is valued at $6,520,515. Cisco Systems makes up approx 3.48% of Compton Capital Management Inc Ri’s portfolio.Smith Asset Management Group Lp boosted its stake in CSCO in the latest quarter, The investment management firm added 74,031 additional shares and now holds a total of 913,626 shares of Cisco Systems which is valued at $28,103,136. Cisco Systems makes up approx 0.81% of Smith Asset Management Group Lp’s portfolio.Calamos Advisors boosted its stake in CSCO in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 588,013 shares of Cisco Systems which is valued at $18,087,280. Cisco Systems makes up approx 0.16% of Calamos Advisors’s portfolio.Rothschild Investment Corp Il boosted its stake in CSCO in the latest quarter, The investment management firm added 21,834 additional shares and now holds a total of 321,731 shares of Cisco Systems which is valued at $9,880,359. Cisco Systems makes up approx 1.21% of Rothschild Investment Corp Il’s portfolio.Eqis Capital Management boosted its stake in CSCO in the latest quarter, The investment management firm added 7,693 additional shares and now holds a total of 44,962 shares of Cisco Systems which is valued at $1,344,813. Cisco Systems makes up approx 0.09% of Eqis Capital Management’s portfolio.

Cisco Systems opened for trading at $30.98 and hit $31.24 on the upside on Monday, eventually ending the session at $31.19, with a gain of 1.04% or 0.32 points. The heightened volatility saw the trading volume jump to 2,19,44,655 shares. Company has a market cap of $156,877 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. 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. 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 .

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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