Bridgecreek Investment Management Lowers stake in Intuitive Surgical (ISRG)

Intuitive Surgical (ISRG) : Bridgecreek Investment Management reduced its stake in Intuitive Surgical by 2.11% during the most recent quarter end. The investment management company now holds a total of 12,060 shares of Intuitive Surgical which is valued at $7.6 Million after selling 260 shares in Intuitive Surgical , the firm said in a disclosure report filed with the SEC on May 13, 2016.Intuitive Surgical makes up approximately 2.43% of Bridgecreek Investment Management’s portfolio.

Other Hedge Funds, Including , Pinebridge Investments boosted its stake in ISRG in the latest quarter, The investment management firm added 1,791 additional shares and now holds a total of 4,236 shares of Intuitive Surgical which is valued at $2.7 Million. Intuitive Surgical makes up approx 0.14% of Pinebridge Investments’s portfolio.First Allied Advisory Services boosted its stake in ISRG in the latest quarter, The investment management firm added 177 additional shares and now holds a total of 605 shares of Intuitive Surgical which is valued at $380,430. Intuitive Surgical makes up approx 0.02% of First Allied Advisory Services’s portfolio.Berkeley Capital Partners reduced its stake in ISRG by selling 199 shares or 14.24% in the most recent quarter. The Hedge Fund company now holds 1,198 shares of ISRG which is valued at $753,314. Intuitive Surgical makes up approx 0.54% of Berkeley Capital Partners’s portfolio.Olstein Capital Management reduced its stake in ISRG by selling 1,600 shares or 14.55% in the most recent quarter. The Hedge Fund company now holds 9,400 shares of ISRG which is valued at $5.9 Million. Intuitive Surgical makes up approx 0.82% of Olstein Capital Management’s portfolio.Swiss National Bank boosted its stake in ISRG in the latest quarter, The investment management firm added 29,600 additional shares and now holds a total of 96,982 shares of Intuitive Surgical which is valued at $60 Million. Intuitive Surgical makes up approx 0.11% of Swiss National Bank’s portfolio.

Intuitive Surgical opened for trading at $638.53 and hit $644.81 on the upside on Wednesday, eventually ending the session at $643.04, with a gain of 0.68% or 4.37 points. The heightened volatility saw the trading volume jump to 2,37,394 shares. Company has a market cap of $24,474 M.

On the company’s financial health, Intuitive Surgical reported $4.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $4.33. The company had revenue of $594.50 million for the quarter, compared to analysts expectations of $591.18 million. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.57 EPS.

Many Wall Street Analysts have commented on Intuitive Surgical. Company shares were Reiterated by RBC Capital Mkts on Apr 20, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 640 from a previous price target of $610 .Company shares were Reiterated by Stifel on Apr 20, 2016 to “Buy”, Firm has raised the Price Target to $ 700 from a previous price target of $640 .Company shares were Reiterated by Piper Jaffray on Apr 20, 2016 to “Neutral”, Firm has raised the Price Target to $ 610 from a previous price target of $550 .

Intuitive Surgical Inc. designs manufactures and markets da Vinci Surgical Systems and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console a patient-side cart and vision system. The da Vinci Surgical System provides its operating surgeons with control range of motion tissue manipulation and three-dimensional (3-D) high-definition (HD) vision. It allows surgeons to work through the small ports enabled by minimally invasive surgery (MIS) procedures. Its da Vinci Surgery utilizes computational robotic and imaging technologies. The Company has four generations of da Vinci Surgical System: the da Vinci Xi Surgical System the da Vinci Si Surgical System the da Vinci S Surgical System and the standard da Vinci Surgical System. The Company focuses on five surgical specialties: urologic surgery gynecologic surgery general surgery cardiothoracic surgery and head and neck surgery.

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