Granite Point Capital Management LP Increased Position in Netease (NTES) by $1.62 Million as Valuation Declined; Tortoise Investment Management Has Lifted Stake in Intuitive Surgical (ISRG) by $302,848

April 17, 2018 - By Nellie Frank

Intuitive Surgical, Inc. (NASDAQ:ISRG) Logo

Warren Lammert increased its stake in Netease Inc (NTES) by 47.96% based on its latest 2017Q4 regulatory filing with the SEC. Granite Point Capital Management Lp bought 4,700 shares as the company’s stock declined 23.21% with the market. The hedge fund run by Warren Lammert held 14,500 shares of the miscellaneous company at the end of 2017Q4, valued at $5.00M, up from 9,800 at the end of the previous reported quarter. Granite Point Capital Management Lp who had been investing in Netease Inc for a number of months, seems to be bullish on the $36.50B market cap company. The stock increased 1.98% or $5.39 during the last trading session, reaching $278.07. About 312,438 shares traded. NetEase, Inc. (NASDAQ:NTES) has declined 2.94% since April 17, 2017 and is downtrending. It has underperformed by 14.49% the S&P500.

Tortoise Investment Management Llc increased its stake in Intuitive Surgical Inc (ISRG) by 204.42% based on its latest 2017Q4 regulatory filing with the SEC. Tortoise Investment Management Llc bought 832 shares as the company’s stock rose 11.58% while stock markets declined. The institutional investor held 1,239 shares of the health care company at the end of 2017Q4, valued at $452,000, up from 407 at the end of the previous reported quarter. Tortoise Investment Management Llc who had been investing in Intuitive Surgical Inc for a number of months, seems to be bullish on the $48.62 billion market cap company. The stock increased 2.78% or $11.62 during the last trading session, reaching $430. About 383,049 shares traded. Intuitive Surgical, Inc. (NASDAQ:ISRG) has risen 58.43% since April 17, 2017 and is uptrending. It has outperformed by 46.88% the S&P500.

Granite Point Capital Management Lp, which manages about $1.02 billion US Long portfolio, decreased its stake in Facebook Inc (NASDAQ:FB) by 7,600 shares to 50,850 shares, valued at $8.97 million in 2017Q4, according to the filing. It also reduced its holding in Zynerba Pharmaceuticals Inc by 100,000 shares in the quarter, leaving it with 100,000 shares, and cut its stake in Himax Technologies Inc (NASDAQ:HIMX).

Among 20 analysts covering NetEase (NASDAQ:NTES), 12 have Buy rating, 5 Sell and 3 Hold. Therefore 60% are positive. NetEase had 45 analyst reports since August 12, 2015 according to SRatingsIntel. Jefferies maintained NetEase, Inc. (NASDAQ:NTES) on Tuesday, January 23 with “Hold” rating. Credit Suisse initiated the shares of NTES in report on Friday, August 19 with “Neutral” rating. Bernstein initiated the stock with “Underperform” rating in Wednesday, January 11 report. The rating was downgraded by Standpoint Research on Wednesday, June 7 to “Sell”. Vetr upgraded the shares of NTES in report on Wednesday, August 12 to “Hold” rating. On Thursday, February 25 the stock rating was downgraded by Credit Agricole to “Underperform”. The firm has “Buy” rating by Bank of America given on Friday, November 17. As per Wednesday, November 25, the company rating was initiated by Goldman Sachs. Brean Capital initiated it with “Buy” rating and $235 target in Monday, July 18 report. The stock of NetEase, Inc. (NASDAQ:NTES) earned “Buy” rating by Jefferies on Monday, November 28.

Since October 24, 2017, it had 0 insider purchases, and 22 selling transactions for $66.94 million activity. 964 shares were sold by Samath Jamie, worth $413,172 on Tuesday, January 30. 7,934 shares valued at $3.34M were sold by Brogna Salvatore on Thursday, March 1. On Tuesday, October 24 the insider SMITH LONNIE M sold $6.71 million. Another trade for 7,724 shares valued at $3.20M was sold by GUTHART GARY S. $2.23M worth of Intuitive Surgical, Inc. (NASDAQ:ISRG) shares were sold by MOHR MARSHALL. $2.86 million worth of Intuitive Surgical, Inc. (NASDAQ:ISRG) shares were sold by BARRATT CRAIG H.

Among 20 analysts covering Intuitive Surgical Inc (NASDAQ:ISRG), 14 have Buy rating, 1 Sell and 5 Hold. Therefore 70% are positive. Intuitive Surgical Inc had 69 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Friday, April 1 by BTIG Research. On Monday, July 10 the stock rating was maintained by Canaccord Genuity with “Hold”. The stock of Intuitive Surgical, Inc. (NASDAQ:ISRG) earned “Neutral” rating by Goldman Sachs on Thursday, June 2. The firm earned “Buy” rating on Tuesday, February 20 by Cantor Fitzgerald. Stifel Nicolaus maintained it with “Buy” rating and $640 target in Friday, January 22 report. Canaccord Genuity maintained the stock with “Buy” rating in Wednesday, July 20 report. Leerink Swann maintained the shares of ISRG in report on Thursday, January 14 with “Outperform” rating. Stifel Nicolaus maintained the shares of ISRG in report on Thursday, January 25 with “Buy” rating. The company was maintained on Sunday, September 6 by Wedbush. As per Tuesday, January 2, the company rating was maintained by Canaccord Genuity.

Tortoise Investment Management Llc, which manages about $469.58 million and $348.59M US Long portfolio, decreased its stake in Aberdeen Asia Pacific Incom (FAX) by 137,348 shares to 1.02M shares, valued at $4.98M in 2017Q4, according to the filing. It also reduced its holding in Vanguard Scottsdale Fds (VCSH) by 5,595 shares in the quarter, leaving it with 152,705 shares, and cut its stake in Ishares Tr (IVV).

Investors sentiment increased to 12.48 in Q4 2017. 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. Pacad Investment Limited holds 0.19% or 2,300 shares in its portfolio. Eagle Asset Inc holds 0.22% or 109,337 shares. Tradewinds Mngmt Ltd Liability accumulated 18 shares. Cetera Advsrs Ltd Liability Corporation invested 0.05% in Intuitive Surgical, Inc. (NASDAQ:ISRG). Moreover, Lpl Financial Limited Company has 0.02% invested in Intuitive Surgical, Inc. (NASDAQ:ISRG). Orbimed Advsr Ltd Liability owns 153,600 shares. Synovus Corporation holds 994 shares or 0.01% of its portfolio. Advisor Prtn Limited Liability holds 2,012 shares. Lmr Prtnrs Llp holds 0.56% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG) for 15,042 shares. Triangle Wealth Mgmt has invested 0.19% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG). Jefferies Grp Limited Liability Corp accumulated 16,766 shares or 0.03% of the stock. Fdx Advisors reported 6,100 shares stake. Gateway Advisers Ltd Company invested in 91,315 shares or 0.28% of the stock. Apg Asset Nv invested in 0.2% or 363,539 shares. 99 were reported by Alphamark Ltd Company.

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

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