Cim adds Intuitive Surgical (ISRG) to its portfolio

Intuitive Surgical (ISRG) : Cim added new position in Intuitive Surgical during the most recent quarter end. The investment management firm now holds 14,937 shares of Intuitive Surgical which is valued at $9,532,047 , the company said in a statement filed on Apr 19, 2016 with the SEC.Intuitive Surgical makes up approximately 4.63% of Cim’s portfolio.

Intuitive Surgical closed down -3.76 points or -0.59% at $638.15 with 4,19,602 shares getting traded on Friday. Post opening the session at $631.5, the shares hit an intraday low of $627.9 and an intraday high of $640 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , First Citizens Bank Trust Co boosted its stake in ISRG in the latest quarter, The investment management firm added 1,344 additional shares and now holds a total of 3,018 shares of Intuitive Surgical which is valued at $1,925,937. Intuitive Surgical makes up approx 0.16% of First Citizens Bank Trust Co’s portfolio. Simplex Trading added ISRG to its portfolio by purchasing 7,775 company shares during the most recent quarter which is valued at $4,853,311. Intuitive Surgical makes up approx 0.76% of Simplex Trading’s portfolio.Eagle Asset Management Inc reduced its stake in ISRG by selling 84 shares or 0.28% in the most recent quarter. The Hedge Fund company now holds 30,332 shares of ISRG which is valued at $18,811,906. Intuitive Surgical makes up approx 0.13% of Eagle Asset Management Inc’s portfolio. Eqis Capital Management added ISRG to its portfolio by purchasing 391 company shares during the most recent quarter which is valued at $242,498. Intuitive Surgical makes up approx 0.02% of Eqis Capital Management’s portfolio.Pensionfund Sabic reduced its stake in ISRG by selling 500 shares or 15.15% in the most recent quarter. The Hedge Fund company now holds 2,800 shares of ISRG which is valued at $1,736,560. Intuitive Surgical makes up approx 0.53% of Pensionfund Sabic’s portfolio.

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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