Riverhead Capital Management buys $59,307,191 stake in Intuitive Surgical (ISRG)

Intuitive Surgical (ISRG) : Riverhead Capital Management scooped up 67,873 additional shares in Intuitive Surgical during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 85,838 shares of Intuitive Surgical which is valued at $59,307,191.Intuitive Surgical makes up approximately 0.98% of Riverhead Capital Management’s portfolio.

Other Hedge Funds, Including , Nicholas Investment Partners Lp boosted its stake in ISRG in the latest quarter, The investment management firm added 4,287 additional shares and now holds a total of 10,612 shares of Intuitive Surgical which is valued at $7,332,043. Intuitive Surgical makes up approx 0.63% of Nicholas Investment Partners Lp’s portfolio.Cambridge Investment Research Advisors boosted its stake in ISRG in the latest quarter, The investment management firm added 776 additional shares and now holds a total of 1,482 shares of Intuitive Surgical which is valued at $1,027,515. Intuitive Surgical makes up approx 0.02% of Cambridge Investment Research Advisors’s portfolio. Stonebridge Capital Management Inc sold out all of its stake in ISRG during the most recent quarter. The investment firm sold 450 shares of ISRG which is valued $307,386.Checchi Capital Advisers boosted its stake in ISRG in the latest quarter, The investment management firm added 17 additional shares and now holds a total of 392 shares of Intuitive Surgical which is valued at $270,233. Intuitive Surgical makes up approx 0.07% of Checchi Capital Advisers’s portfolio.Livforsakringsbolaget Skandia Omsesidigt boosted its stake in ISRG in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 3,809 shares of Intuitive Surgical which is valued at $2,554,087. Intuitive Surgical makes up approx 0.11% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio.

Intuitive Surgical opened for trading at $685.48 and hit $690.37 on the upside on Monday, eventually ending the session at $687.55, with a gain of 0.33% or 2.26 points. The heightened volatility saw the trading volume jump to 3,57,653 shares. Company has a market cap of $26,466 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *