Cisco Systems (CSCO) : Old Dominion Capital Management Inc added new position in Cisco Systems during the most recent quarter end. The investment management firm now holds 10,598 shares of Cisco Systems which is valued at $325,571 , the company said in a statement filed on Aug 2, 2016 with the SEC.Cisco Systems makes up approximately 0.38% of Old Dominion Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Mizuho Trust Banking Ltd. reduced its stake in CSCO by selling 72,652 shares or 0.9% in the most recent quarter. The Hedge Fund company now holds 7,976,319 shares of CSCO which is valued at $245,032,520. Cisco Systems makes up approx 0.73% of Mizuho Trust Banking Ltd.’s portfolio.Dt Investment Partners boosted its stake in CSCO in the latest quarter, The investment management firm added 3,830 additional shares and now holds a total of 29,402 shares of Cisco Systems which is valued at $897,643. Cisco Systems makes up approx 0.24% of Dt Investment Partners’s portfolio.Conning reduced its stake in CSCO by selling 91,137 shares or 7.06% in the most recent quarter. The Hedge Fund company now holds 1,200,140 shares of CSCO which is valued at $36,916,306. Cisco Systems makes up approx 1.53% of Conning’s portfolio.Wealthtrust-arizona boosted its stake in CSCO in the latest quarter, The investment management firm added 6 additional shares and now holds a total of 5,717 shares of Cisco Systems which is valued at $175,569. Cisco Systems makes up approx 0.10% of Wealthtrust-arizona’s portfolio.
Cisco Systems closed down -0.03 points or -0.10% at $31.01 with 1,90,19,941 shares getting traded on Monday. Post opening the session at $31, the shares hit an intraday low of $30.86 and an intraday high of $31.19 and the price fluctuated in this range throughout the day.Shares ended Monday 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. 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.