Cisco Systems (CSCO) : Panagora Asset Management Inc scooped up 70,367 additional shares in Cisco Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 4,952,008 shares of Cisco Systems which is valued at $152,868,487.Cisco Systems makes up approximately 0.72% of Panagora Asset Management Inc’s portfolio.
Other Hedge Funds, Including , Tudor Investment Corp Et Al added CSCO to its portfolio by purchasing 641,544 company shares during the most recent quarter which is valued at $19,804,463. Cisco Systems makes up approx 0.76% of Tudor Investment Corp Et Al’s portfolio.Poplar Forest Capital boosted its stake in CSCO in the latest quarter, The investment management firm added 3,900 additional shares and now holds a total of 15,695 shares of Cisco Systems which is valued at $484,505. Cisco Systems makes up approx 0.04% of Poplar Forest Capital’s portfolio.Transamerica Financial Advisors reduced its stake in CSCO by selling 35,606 shares or 38.88% in the most recent quarter. The Hedge Fund company now holds 55,974 shares of CSCO which is valued at $1,727,917. Cisco Systems makes up approx 0.17% of Transamerica Financial Advisors’s portfolio.Intersect Capital boosted its stake in CSCO in the latest quarter, The investment management firm added 2,187 additional shares and now holds a total of 36,541 shares of Cisco Systems which is valued at $1,130,944. Cisco Systems makes up approx 0.66% of Intersect Capital’s portfolio.Eagle Asset Management Inc boosted its stake in CSCO in the latest quarter, The investment management firm added 189,013 additional shares and now holds a total of 5,101,847 shares of Cisco Systems which is valued at $156,269,574. Cisco Systems makes up approx 1.04% of Eagle Asset Management Inc’s portfolio.
Cisco Systems opened for trading at $31.42 and hit $31.64 on the upside on Thursday, eventually ending the session at $31.58, with a gain of 0.45% or 0.14 points. The heightened volatility saw the trading volume jump to 1,59,80,457 shares. Company has a market cap of $158,838 M.
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.