Lazard Asset Management buys $190,279,368 stake in Intuitive Surgical (ISRG)

Intuitive Surgical (ISRG) : Lazard Asset Management scooped up 32,700 additional shares in Intuitive Surgical 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 275,400 shares of Intuitive Surgical which is valued at $190,279,368.Intuitive Surgical makes up approximately 0.43% of Lazard Asset Management’s portfolio.

Other Hedge Funds, Including , Babson Capital Management reduced its stake in ISRG by selling 1,250 shares or 36.59% in the most recent quarter. The Hedge Fund company now holds 2,166 shares of ISRG which is valued at $1,496,533. Intuitive Surgical makes up approx 0.07% of Babson Capital Management’s portfolio.Grantham Mayo Van Otterloo boosted its stake in ISRG in the latest quarter, The investment management firm added 15,595 additional shares and now holds a total of 91,193 shares of Intuitive Surgical which is valued at $63,007,068. Intuitive Surgical makes up approx 0.25% of Grantham Mayo Van Otterloo’s portfolio.Comerica Bank reduced its stake in ISRG by selling 608 shares or 4.66% in the most recent quarter. The Hedge Fund company now holds 12,437 shares of ISRG which is valued at $8,592,972. Intuitive Surgical makes up approx 0.07% of Comerica Bank’s portfolio.Royal London Asset Management Ltd reduced its stake in ISRG by selling 854 shares or 6.41% in the most recent quarter. The Hedge Fund company now holds 12,467 shares of ISRG which is valued at $8,573,930. Intuitive Surgical makes up approx 0.14% of Royal London Asset Management Ltd’s portfolio.Fcm Investmentstx boosted its stake in ISRG in the latest quarter, The investment management firm added 376 additional shares and now holds a total of 10,242 shares of Intuitive Surgical which is valued at $7,060,528. Intuitive Surgical makes up approx 4.07% of Fcm Investmentstx’s portfolio.

Intuitive Surgical closed down -3.05 points or -0.44% at $690.07 with 166,950 shares getting traded on Wednesday. Post opening the session at $690.01, the shares hit an intraday low of $689.06 and an intraday high of $694.905 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Intuitive Surgical reported $5.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.63 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $4.99. The company had revenue of $670.10 million for the quarter, compared to analysts expectations of $642.46 million. The company’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.57 EPS.

Many Wall Street Analysts have commented on Intuitive Surgical. Northland Capital Downgraded Intuitive Surgical on Jul 21, 2016 to ” Under Perform”, Price Target of the shares are set at $600.Company shares were Reiterated by Wedbush on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 755 from a previous price target of $715 .Company shares were Reiterated by Canaccord Genuity on Jul 20, 2016 to “Buy”, Firm has raised the Price Target to $ 750 from a previous price target of $700 .

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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