Riverpark Advisors Lowers stake in Intuitive Surgical (ISRG)

Intuitive Surgical (ISRG) : Riverpark Advisors reduced its stake in Intuitive Surgical by 23.66% during the most recent quarter end. The investment management company now holds a total of 4,997 shares of Intuitive Surgical which is valued at $3,436,587 after selling 1,549 shares in Intuitive Surgical , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Intuitive Surgical makes up approximately 1.58% of Riverpark Advisors’s portfolio.

Other Hedge Funds, Including , Yhb Investment Advisors reduced its stake in ISRG by selling 35 shares or 0.97% in the most recent quarter. The Hedge Fund company now holds 3,583 shares of ISRG which is valued at $2,470,013. Intuitive Surgical makes up approx 0.52% of Yhb Investment Advisors’s portfolio.Nisa Investment Advisors boosted its stake in ISRG in the latest quarter, The investment management firm added 2,751 additional shares and now holds a total of 9,466 shares of Intuitive Surgical which is valued at $6,347,332. Intuitive Surgical makes up approx 0.08% of Nisa Investment Advisors’s portfolio.Gateway Investment Advisers boosted its stake in ISRG in the latest quarter, The investment management firm added 38 additional shares and now holds a total of 38,881 shares of Intuitive Surgical which is valued at $26,160,692. Intuitive Surgical makes up approx 0.22% of Gateway Investment Advisers’s portfolio.Lgt Capital Partners Ltd. reduced its stake in ISRG by selling 1,120 shares or 7.66% in the most recent quarter. The Hedge Fund company now holds 13,500 shares of ISRG which is valued at $9,083,340. Intuitive Surgical makes up approx 1.54% of Lgt Capital Partners Ltd.’s portfolio.

Intuitive Surgical opened for trading at $688.39 and hit $696.885 on the upside on Thursday, eventually ending the session at $693.59, with a gain of 0.85% or 5.86 points. The heightened volatility saw the trading volume jump to 2,25,727 shares. Company has a market cap of $26,699 M.

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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