Model N (MODN) Holder Rgm Capital Has Decreased Holding as Share Price Rose; Intuitive Surgical (ISRG) Holder Private Bank & Trust Co Lifted Stake

April 24, 2018 - By Ellis Scott

Intuitive Surgical, Inc. (NASDAQ:ISRG) Logo

Gregg J. Powers increased its stake in Intuitive Surgical Inc (ISRG) by 188.91% based on its latest 2017Q4 regulatory filing with the SEC. Private Bank & Trust Co bought 886 shares as the company’s stock rose 11.58% while stock markets declined. The hedge fund run by Gregg J. Powers held 1,355 shares of the health care company at the end of 2017Q4, valued at $494,000, up from 469 at the end of the previous reported quarter. Private Bank & Trust Co who had been investing in Intuitive Surgical Inc for a number of months, seems to be bullish on the $49.32 billion market cap company. The stock decreased 2.80% or $12.52 during the last trading session, reaching $435.32. About 792,806 shares traded. Intuitive Surgical, Inc. (NASDAQ:ISRG) has risen 58.43% since April 24, 2017 and is uptrending. It has outperformed by 46.88% the S&P500.

Robert G. Moses decreased its stake in Model N Inc (MODN) by 49.47% based on its latest 2017Q4 regulatory filing with the SEC. Rgm Capital Llc sold 641,985 shares as the company’s stock rose 12.46% while stock markets declined. The hedge fund run by Robert G. Moses held 655,683 shares of the technology company at the end of 2017Q4, valued at $10.33 million, down from 1.30 million at the end of the previous reported quarter. Rgm Capital Llc who had been investing in Model N Inc for a number of months, seems to be less bullish one the $505.64 million market cap company. The stock decreased 1.72% or $0.3 during the last trading session, reaching $17.15. About 71,896 shares traded. Model N, Inc. (NYSE:MODN) has risen 74.26% since April 24, 2017 and is uptrending. It has outperformed by 62.71% the S&P500.

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 77 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was upgraded by Morgan Stanley on Monday, January 4 to “Overweight”. On Monday, April 16 the stock rating was maintained by J.P. Morgan with “Buy”. As per Friday, January 22, the company rating was maintained by Stifel Nicolaus. Canaccord Genuity maintained it with “Hold” rating and $87000 target in Monday, July 10 report. The rating was maintained by Bank of America on Wednesday, April 20 with “Buy”. Canaccord Genuity maintained Intuitive Surgical, Inc. (NASDAQ:ISRG) rating on Friday, July 21. Canaccord Genuity has “Hold” rating and $100000 target. The company was initiated on Thursday, November 12 by Citigroup. The stock of Intuitive Surgical, Inc. (NASDAQ:ISRG) earned “Hold” rating by RBC Capital Markets on Monday, October 2. Citigroup maintained the shares of ISRG in report on Tuesday, February 6 with “Buy” rating. As per Wednesday, July 20, the company rating was maintained by Citigroup.

Private Bank & Trust Co, which manages about $3.20 billion and $792.05 million US Long portfolio, decreased its stake in Walt Disney Company (NYSE:DIS) by 3,283 shares to 20,048 shares, valued at $2.16 million in 2017Q4, according to the filing. It also reduced its holding in Vanguard (VGK) by 9,390 shares in the quarter, leaving it with 10,610 shares, and cut its stake in Ishares (PFF).

Investors sentiment increased to 12.48 in 2017 Q4. Its up 11.44, from 1.04 in 2017Q3. It is positive, 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. Trustmark State Bank Department invested in 6,421 shares or 0.26% of the stock. Fred Alger Management reported 234,658 shares. Pub Employees Retirement Association Of Colorado invested 0.05% in Intuitive Surgical, Inc. (NASDAQ:ISRG). Joel Isaacson Llc has invested 0.06% in Intuitive Surgical, Inc. (NASDAQ:ISRG). The Rhode Island-based Amica Mutual has invested 0.28% in Intuitive Surgical, Inc. (NASDAQ:ISRG). Agf Invs holds 104,146 shares. Peapack Gladstone Corp invested in 0.02% or 960 shares. Dynamic Advsr Solutions Limited Liability Company reported 2,220 shares. Principal Fincl Gru invested 0.06% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG). Dupont Capital Mngmt reported 6,467 shares. Advisor Limited has invested 0.16% in Intuitive Surgical, Inc. (NASDAQ:ISRG). Peoples Serv Corp stated it has 0.01% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG). Chevy Chase Tru reported 0.28% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG). Confluence Wealth Mgmt Ltd Liability invested in 3,713 shares. Cap One Natl Association reported 0.51% in Intuitive Surgical, Inc. (NASDAQ:ISRG).

Since October 26, 2017, it had 0 insider purchases, and 19 sales for $94.98 million activity. 18,000 Intuitive Surgical, Inc. (NASDAQ:ISRG) shares with value of $7.72 million were sold by SMITH LONNIE M. Shares for $1.11 million were sold by BARRATT CRAIG H. $3.11M worth of Intuitive Surgical, Inc. (NASDAQ:ISRG) shares were sold by MOHR MARSHALL. The insider RUBASH MARK J sold 1,000 shares worth $430,000. MELTZER MARK J had sold 6,000 shares worth $2.52M. $413,172 worth of Intuitive Surgical, Inc. (NASDAQ:ISRG) shares were sold by Samath Jamie.

Investors sentiment decreased to 1.4 in 2017 Q4. Its down 0.22, from 1.62 in 2017Q3. It dived, as 9 investors sold MODN shares while 21 reduced holdings. 14 funds opened positions while 28 raised stakes. 15.28 million shares or 5.89% less from 16.24 million shares in 2017Q3 were reported. Trexquant Lp has invested 0.03% in Model N, Inc. (NYSE:MODN). Ptnrs holds 0.04% or 79,251 shares in its portfolio. Bancorporation Of Mellon Corp accumulated 0% or 112,301 shares. Trigran Invests holds 881,839 shares. Pub Employees Retirement Of Ohio holds 0.01% of its portfolio in Model N, Inc. (NYSE:MODN) for 74,923 shares. Sei holds 38 shares. Emerald Mutual Fund Advisers holds 0.37% or 597,149 shares in its portfolio. Vanguard Grp Inc Inc accumulated 1.04M shares. Gradient Invests Lc stated it has 29,715 shares or 0.03% of all its holdings. Ameritas Partners owns 1,727 shares. 21,291 are owned by Rhumbline Advisers. Nicholas Invest Prns Limited Partnership has 0.12% invested in Model N, Inc. (NYSE:MODN) for 118,898 shares. Deutsche Retail Bank Ag invested in 0% or 277,429 shares. Voya Inv Management Ltd, a Georgia-based fund reported 14,963 shares. Gru One Trading LP has 0% invested in Model N, Inc. (NYSE:MODN) for 13,929 shares.

Analysts await Model N, Inc. (NYSE:MODN) to report earnings on May, 8 after the close. They expect $-0.18 earnings per share, up 47.06% or $0.16 from last year’s $-0.34 per share. After $-0.11 actual earnings per share reported by Model N, Inc. for the previous quarter, Wall Street now forecasts 63.64% negative EPS growth.

Rgm Capital Llc, which manages about $775.24 million and $1.08B US Long portfolio, upped its stake in Luminex Corp (NASDAQ:LMNX) by 45,000 shares to 2.88 million shares, valued at $56.71 million in 2017Q4, according to the filing. It also increased its holding in Verint Systems Inc (NASDAQ:VRNT) by 397,800 shares in the quarter, for a total of 1.95M shares, and has risen its stake in Cornerstone Ondemand Inc (NASDAQ:CSOD).

Among 9 analysts covering Model N Inc (NYSE:MODN), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Model N Inc had 11 analyst reports since February 16, 2016 according to SRatingsIntel. The firm has “Market Perform” rating given on Tuesday, August 9 by JMP Securities. The rating was reinitiated by Dougherty & Company on Tuesday, December 19 with “Buy”. The stock of Model N, Inc. (NYSE:MODN) earned “Buy” rating by JMP Securities on Wednesday, February 7. The firm earned “Hold” rating on Tuesday, December 12 by J.P. Morgan. Craig Hallum downgraded Model N, Inc. (NYSE:MODN) on Tuesday, December 13 to “Hold” rating. As per Wednesday, November 16, the company rating was maintained by Stifel Nicolaus. The company was initiated on Tuesday, February 16 by Craig Hallum. JP Morgan upgraded Model N, Inc. (NYSE:MODN) on Friday, November 11 to “Overweight” rating. Deutsche Bank maintained it with “Buy” rating and $16 target in Tuesday, August 9 report.

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

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