Hedge Funds Are Betting On Intuitive Surgical, Inc. (NASDAQ:ISRG)

Is Intuitive Surgical, Inc. (NASDAQ:ISRG) a buy, sell, or hold? The smart money is getting more bullish. The number of bullish hedge fund positions advanced by 2 recently.

In the 21st century investor’s toolkit, there are many indicators market participants can use to watch their holdings. A couple of the most underrated are hedge fund and insider trading activity. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the elite investment managers can outclass their index-focused peers by a superb margin (see just how much).

Intuitive Surgical, Inc. (NASDAQ:ISRG)Equally as beneficial, positive insider trading sentiment is a second way to parse down the investments you’re interested in. Just as you’d expect, there are lots of motivations for an upper level exec to sell shares of his or her company, but just one, very simple reason why they would behave bullishly. Several academic studies have demonstrated the impressive potential of this method if investors know where to look (learn more here).

With these “truths” under our belt, we’re going to take a glance at the latest action regarding Intuitive Surgical, Inc. (NASDAQ:ISRG).

How have hedgies been trading Intuitive Surgical, Inc. (NASDAQ:ISRG)?

Heading into 2013, a total of 31 of the hedge funds we track were bullish in this stock, a change of 7% from the previous quarter. With hedgies’ sentiment swirling, there exists a few key hedge fund managers who were boosting their stakes significantly.

Of the funds we track, Viking Global, managed by Andreas Halvorsen, holds the most valuable position in Intuitive Surgical, Inc. (NASDAQ:ISRG). Viking Global has a $401 million position in the stock, comprising 2.8% of its 13F portfolio. On Viking Global’s heels is Stephen Mandel of Lone Pine Capital, with a $200 million position; the fund has 1.3% of its 13F portfolio invested in the stock. Other hedgies that hold long positions include Jim Simons’s Renaissance Technologies, and David Stemerman’s Conatus Capital Management.

As one would reasonably expect, specific money managers were leading the bulls’ herd. Lone Pine Capital, managed by Stephen Mandel, assembled the most valuable position in Intuitive Surgical, Inc. (NASDAQ:ISRG). Lone Pine Capital had 200 million invested in the company at the end of the quarter. Anand Parekh’s Alyeska Investment Group also made a $45 million investment in the stock during the quarter. The other funds with new positions in the stock are Pasco Alfaro / Richard Tumure’s Miura Global Management, Jacob Gottlieb’s Visium Asset Management, and Brian Ashford-Russell and Tim Woolley’s Polar Capital.

Insider trading activity in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Bullish insider trading is best served when the primary stock in question has seen transactions within the past six months. Over the latest 180-day time period, Intuitive Surgical, Inc. (NASDAQ:ISRG) has seen zero unique insiders buying, and 8 insider sales (see the details of insider trades here).

With the results exhibited by the aforementioned time-tested strategies, everyday investors should always monitor hedge fund and insider trading sentiment, and Intuitive Surgical, Inc. (NASDAQ:ISRG) is an important part of this process.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Top Reasons For Getting Fired

The 3 Best States to Start an LLC

10 Jobs That Allow You to Travel

7 High-Paying Jobs You Can Do From Home

12 Best Cities to Shop in USA

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!