Premier Asset Managment Lowers stake in Intuitive Surgical (ISRG)

Intuitive Surgical (ISRG) : Premier Asset Managment reduced its stake in Intuitive Surgical by 1.44% during the most recent quarter end. The investment management company now holds a total of 27,776 shares of Intuitive Surgical which is valued at $17,725,254 after selling 405 shares in Intuitive Surgical , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Intuitive Surgical makes up approximately 4.50% of Premier Asset Managment’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 , Hellman Jordan Management Co Inc added ISRG to its portfolio by purchasing 1,580 company shares during the most recent quarter which is valued at $1,008,277. Intuitive Surgical makes up approx 2.45% of Hellman Jordan Management Co Inc’s portfolio. Daiwa Sb Investments Ltd. added ISRG to its portfolio by purchasing 2,030 company shares during the most recent quarter which is valued at $1,267,167. Intuitive Surgical makes up approx 0.32% of Daiwa Sb Investments Ltd.’s portfolio.Creative Planning boosted its stake in ISRG in the latest quarter, The investment management firm added 251 additional shares and now holds a total of 6,688 shares of Intuitive Surgical which is valued at $4,147,898. Intuitive Surgical makes up approx 0.03% of Creative Planning’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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