As Taro Pharmaceutical Inds LTD (TARO) Stock Value Declined, Shareholder Matthews International Capital Management Decreased Its Position by $21.50 Million; Intuitive Surgical Com New (ISRG) Stock Rose While Redmond Asset Management Increased Position by $1.09 Million

April 16, 2018 - By Michael Collier

Intuitive Surgical, Inc. (NASDAQ:ISRG) Logo

Redmond Asset Management Llc increased its stake in Intuitive Surgical Inc Com New (ISRG) by 193.24% based on its latest 2017Q4 regulatory filing with the SEC. Redmond Asset Management Llc bought 3,001 shares as the company’s stock rose 11.58% while stock markets declined. The institutional investor held 4,554 shares of the health care company at the end of 2017Q4, valued at $1.66M, up from 1,553 at the end of the previous reported quarter. Redmond Asset Management Llc who had been investing in Intuitive Surgical Inc Com New for a number of months, seems to be bullish on the $47.41B market cap company. The stock increased 1.14% or $4.71 during the last trading session, reaching $419.34. About 365,279 shares traded. Intuitive Surgical, Inc. (NASDAQ:ISRG) has risen 58.43% since April 16, 2017 and is uptrending. It has outperformed by 46.88% the S&P500.

Matthews International Capital Management Llc decreased its stake in Taro Pharmaceutical Inds Ltd (TARO) by 31.6% based on its latest 2017Q4 regulatory filing with the SEC. Matthews International Capital Management Llc sold 206,700 shares as the company’s stock declined 8.04% with the market. The institutional investor held 447,500 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $46.86 million, down from 654,200 at the end of the previous reported quarter. Matthews International Capital Management Llc who had been investing in Taro Pharmaceutical Inds Ltd for a number of months, seems to be less bullish one the $4.03B market cap company. The stock decreased 0.33% or $0.33 during the last trading session, reaching $100.52. About 52,666 shares traded. Taro Pharmaceutical Industries Ltd. (NYSE:TARO) has declined 17.38% since April 16, 2017 and is downtrending. It has underperformed by 28.93% the S&P500.

Matthews International Capital Management Llc, which manages about $24.94 billion and $2.12 billion US Long portfolio, upped its stake in Bitauto Hldgs Ltd (NYSE:BITA) by 118,000 shares to 244,100 shares, valued at $7.76M in 2017Q4, according to the filing. It also increased its holding in Baozun Inc by 34,100 shares in the quarter, for a total of 1.12 million shares, and has risen its stake in Altaba Inc.

Among 2 analysts covering Taro Pharm (NYSE:TARO), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Taro Pharm had 3 analyst reports since May 23, 2017 according to SRatingsIntel. H.C. Wainwright maintained it with “Buy” rating and $12400 target in Monday, April 2 report. The stock has “Neutral” rating by Credit Suisse on Tuesday, May 23.

Since October 24, 2017, it had 0 insider buys, and 22 sales for $66.94 million activity. $11.82M worth of stock was sold by GUTHART GARY S on Monday, February 5. 1,564 shares valued at $580,535 were sold by Samath Jamie on Tuesday, October 24. The insider RUBASH MARK J sold 1,000 shares worth $430,000. BARRATT CRAIG H had sold 15,000 shares worth $5.57M. The insider SMITH LONNIE M sold $6.71M. MOHR MARSHALL also sold $3.11M worth of Intuitive Surgical, Inc. (NASDAQ:ISRG) shares.

Investors sentiment increased to 12.48 in 2017 Q4. Its up 11.44, from 1.04 in 2017Q3. It increased, as 23 investors sold ISRG shares while 21 reduced holdings. 91 funds opened positions while 458 raised stakes. 191.92 million shares or 430.23% more from 36.20 million shares in 2017Q3 were reported. Jfs Wealth Ltd Liability Corporation invested in 3 shares. Wellington Group Ltd Liability Partnership holds 0.03% or 313,930 shares. Dnb Asset Management As reported 0.08% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG). 72 are held by San Francisco Sentry Investment Group Incorporated (Ca). First Allied Advisory Ser Inc has 0.01% invested in Intuitive Surgical, Inc. (NASDAQ:ISRG). Atlantic Trust Grp Lc accumulated 0.35% or 224,697 shares. Veritable LP holds 0.02% in Intuitive Surgical, Inc. (NASDAQ:ISRG) or 3,076 shares. Parametric Portfolio Ltd Llc invested 0.11% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG). Pitcairn stated it has 0.57% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG). Utd Automobile Association has invested 0.07% in Intuitive Surgical, Inc. (NASDAQ:ISRG). Tcw Grp holds 61,592 shares or 0.18% of its portfolio. Highbridge Cap Mngmt Ltd invested 0% in Intuitive Surgical, Inc. (NASDAQ:ISRG). Nordea Investment Management invested in 0% or 5,621 shares. Williams Jones And Assocs Ltd Liability accumulated 1,842 shares. Us Bancshares De reported 17,773 shares.

Intuitive Surgical, Inc. (NASDAQ:ISRG) Institutional Positions Chart

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