Cim Lowers stake in Intuitive Surgical (ISRG)

Intuitive Surgical (ISRG) : Cim reduced its stake in Intuitive Surgical by 6.11% during the most recent quarter end. The investment management company now holds a total of 14,020 shares of Intuitive Surgical which is valued at $10,023,038 after selling 913 shares in Intuitive Surgical , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Intuitive Surgical makes up approximately 4.78% of Cim’s portfolio.

Other Hedge Funds, Including , National Pension Service boosted its stake in ISRG in the latest quarter, The investment management firm added 2,199 additional shares and now holds a total of 26,826 shares of Intuitive Surgical which is valued at $19,178,176. Intuitive Surgical makes up approx 0.16% of National Pension Service’s portfolio.Atria Investments boosted its stake in ISRG in the latest quarter, The investment management firm added 6 additional shares and now holds a total of 462 shares of Intuitive Surgical which is valued at $328,159. Intuitive Surgical makes up approx 0.03% of Atria Investments’s portfolio.Advisory Services Network boosted its stake in ISRG in the latest quarter, The investment management firm added 53 additional shares and now holds a total of 2,136 shares of Intuitive Surgical which is valued at $1,533,733. Intuitive Surgical makes up approx 0.29% of Advisory Services Network’s portfolio.

Intuitive Surgical opened for trading at $718.58 and hit $718.58 on the upside on Friday, eventually ending the session at $714.91, with a gain of 0.21% or 1.47 points. The heightened volatility saw the trading volume jump to 2,11,909 shares. Company has a market cap of $27,519 M.

On the company’s financial health, Intuitive Surgical reported $6.19 EPS for the quarter, beating the analyst consensus estimate by $ 1.03 according to the earnings call on Oct 18, 2016. Analyst had a consensus of $5.16. The company had revenue of $682.90 million for the quarter, compared to analysts expectations of $651.06 million. The company’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.24 EPS.

Many Wall Street Analysts have commented on Intuitive Surgical. Intuitive Surgical was Initiated by Wells Fargo to “Outperform” on Oct 13, 2016. 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 .

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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