Turner Investments Lp decreased its stake in Intuitive Surgical Inc (ISRG) by 55.36% based on its latest 2016Q3 regulatory filing with the SEC. Turner Investments Lp sold 8,010 shares as the company’s stock rose 8.78% with the market. The institutional investor held 6,460 shares of the health care company at the end of 2016Q3, valued at $4.68M, down from 14,470 at the end of the previous reported quarter. Turner Investments Lp who had been investing in Intuitive Surgical Inc for a number of months, seems to be less bullish one the $27.04 billion market cap company. The stock is up 2.07% or $13.72 hitting $675.92, despite the negative news. About 424,387 shares traded hands or 17.58% up from the average. Intuitive Surgical, Inc. (NASDAQ:ISRG) has risen 4.14% since June 7, 2016 and is uptrending. It has underperformed by 3.28% the S&P500.
Turner Investments Lp is a Pennsylvania-based institutional investor with more than $7.20 billion AUM in December, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Turner Investments latest Adv, the fund reported to have 95 full and part-time employees. Among which 31 performing investment advisory and research functions. The institutional investor had more than 100 clients.
Insitutional Activity: The institutional sentiment increased to 1.26 in 2016 Q3. Its up 0.14, from 1.12 in 2016Q2. The ratio is positive, as 33 funds sold all ISRG shares owned while 172 reduced positions. 76 funds bought stakes while 183 increased positions. They now own 34.46 million shares or 5.99% less from 36.66 million shares in 2016Q2. Century Cos reported 439,019 shares or 0.35% of all its holdings. Loring Wolcott & Coolidge Fiduciary Advsr Limited Liability Partnership Ma reported 947 shares or 0.02% of all its holdings. Nomura Asset Management has invested 0.15% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG). British Columbia Inv Mngmt accumulated 0.13% or 17,685 shares. Insight Rech & has 1,697 shares for 0.55% of their US portfolio. First Personal Financial Svcs has invested 0.01% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG). Wall Street Assoc reported 601 shares or 0.15% of all its holdings. Apg Asset Mngmt Nv accumulated 0.07% or 51,326 shares. Capstone Asset Com has 4,240 shares for 0.09% of their US portfolio. Aperio Grp Limited Liability Company last reported 0.1% of its portfolio in the stock. Commonwealth Bancorporation Of Australia holds 0% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG) for 134 shares. Alphamark Advisors Ltd Liability Corp holds 0.02% or 68 shares in its portfolio. Williams Jones & holds 600 shares or 0.01% of its portfolio. Sumitomo Mitsui Tru Incorporated holds 0.15% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG) for 124,554 shares. Alps Advsrs Inc accumulated 628 shares or 0% of the stock.
Insider Transactions: Since July 27, 2016, the stock had 0 buys, and 10 selling transactions for $36.15 million net activity. $9.35M worth of Intuitive Surgical, Inc. (NASDAQ:ISRG) was sold by GUTHART GARY S. Shares for $177,787 were sold by SMITH LONNIE M on Thursday, November 17. MOHR MARSHALL had sold 5,000 shares worth $3.42 million. The insider MELTZER MARK J sold $2.06 million. Myriam Curet sold 4,250 shares worth $2.91 million. Rosa David J. also sold $4.68M worth of Intuitive Surgical, Inc. (NASDAQ:ISRG) shares. LEVY ALAN J sold $2.21M worth of Intuitive Surgical, Inc. (NASDAQ:ISRG) on Thursday, August 4.
Analysts await Intuitive Surgical, Inc. (NASDAQ:ISRG) to report earnings on January, 24 after the close. They expect $5.23 earnings per share, up 0.97% or $0.05 from last year’s $5.18 per share. ISRG’s profit will be $209.22M for 32.31 P/E if the $5.23 EPS becomes a reality. After $5.39 actual earnings per share reported by Intuitive Surgical, Inc. for the previous quarter, Wall Street now forecasts -2.97% negative EPS growth.
More notable recent Intuitive Surgical, Inc. (NASDAQ:ISRG) news were published by: Streetinsider.com which released: “Form 8-K INTUITIVE SURGICAL INC For: Jan 11” on January 11, 2017, also Fool.com with their article: “The 3 Biggest Risks Facing Intuitive Surgical, Inc. in 2017” published on December 30, 2016, Fool.com published: “Will 2017 Be Intuitive Surgical, Inc.’s Best Year Yet?” on December 16, 2016. More interesting news about Intuitive Surgical, Inc. (NASDAQ:ISRG) were released by: Globenewswire.com and their article: “Intuitive Surgical Increases Share Repurchase Program to $3.0 Billion” published on December 13, 2016 as well as Seekingalpha.com‘s news article titled: “Softening The Blow For Intuitive Surgical Longs” with publication date: December 14, 2016.
According to Zacks Investment Research, “Intuitive Surgical, Inc. designs and manufactures the da Vinci Surgical System. The da Vinci Surgical System seamlessly translates the surgeon’s natural hand movements on instrument controls at a console into corresponding micromovements of instruments positioned inside the patient through small puncture incisions, or ports. The products provide the surgeon with the range of motion and fine tissue control previously possible only with open surgery, while simultaneously allowing the surgeon to work through small ports.”
Intuitive Surgical, Inc. (NASDAQ:ISRG) Ratings Coverage
Out of 17 analysts covering Intuitive Surgical Inc (NASDAQ:ISRG), 12 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 71% are positive. Intuitive Surgical Inc has been the topic of 32 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Thursday, November 12 by Citigroup. The firm has “Outperform” rating given on Wednesday, July 20 by Wedbush. The company was maintained on Wednesday, October 19 by RBC Capital Markets. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, July 20. The firm has “Neutral” rating given on Friday, April 1 by BTIG Research. The company was initiated on Thursday, October 13 by Wells Fargo. On Wednesday, July 20 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was maintained by Canaccord Genuity on Wednesday, July 20 with “Buy”. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, January 22. Leerink Swann maintained Intuitive Surgical, Inc. (NASDAQ:ISRG) on Thursday, January 14 with “Outperform” rating.
ISRG Company Profile
Intuitive Surgical, Inc. (Intuitive), incorporated on November 9, 1995, designs, makes 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 a vision system. The da Vinci Surgical System translates a surgeon’s hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports. The da Vinci Surgical System provides its operating surgeons with control, range of motion, tissue manipulation solution 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. The Company’s da Vinci Surgery utilizes computational, robotic and imaging technologies.
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