Usa Financial Portformulas Corp adds Intuitive Surgical (ISRG) to its portfolio

Intuitive Surgical (ISRG) : Usa Financial Portformulas Corp added new position in Intuitive Surgical during the most recent quarter end. The investment management firm now holds 23,119 shares of Intuitive Surgical which is valued at $14.5 Million , the company said in a statement filed on May 13, 2016 with the SEC.Intuitive Surgical makes up approximately 4.65% of Usa Financial Portformulas Corp’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in ISRG by selling 1,520 shares or 25.54% in the most recent quarter. The Hedge Fund company now holds 4,432 shares of ISRG which is valued at $2.8 Million. Intuitive Surgical makes up approx 0.04% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Blackrock Group Ltd boosted its stake in ISRG in the latest quarter, The investment management firm added 22,088 additional shares and now holds a total of 296,249 shares of Intuitive Surgical which is valued at $186.3 Million. Intuitive Surgical makes up approx 0.10% of Blackrock Group Ltd’s portfolio.Janney Montgomery Scott boosted its stake in ISRG in the latest quarter, The investment management firm added 519 additional shares and now holds a total of 1,178 shares of Intuitive Surgical which is valued at $740,738. Intuitive Surgical makes up approx 0.02% of Janney Montgomery Scott’s portfolio. Alerus Investment Advisors Corp added ISRG to its portfolio by purchasing 2 company shares during the most recent quarter which is valued at $1,238.Tokio Marine Asset Management Co Ltd boosted its stake in ISRG in the latest quarter, The investment management firm added 103 additional shares and now holds a total of 1,192 shares of Intuitive Surgical which is valued at $737,800. Intuitive Surgical makes up approx 0.07% of Tokio Marine Asset Management Co Ltd’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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