Sei Investments Co. boosted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 15.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,936 shares of the medical equipment provider’s stock after purchasing an additional 3,960 shares during the quarter. Sei Investments Co.’s holdings in Intuitive Surgical were worth $30,265,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC boosted its holdings in Intuitive Surgical by 19.6% in the second quarter. FMR LLC now owns 2,724,964 shares of the medical equipment provider’s stock valued at $2,548,849,000 after purchasing an additional 447,397 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Intuitive Surgical by 0.8% in the second quarter. Vanguard Group Inc. now owns 2,524,027 shares of the medical equipment provider’s stock valued at $2,360,900,000 after purchasing an additional 20,210 shares in the last quarter. Koch Industries Inc. boosted its holdings in Intuitive Surgical by 202,917.0% in the second quarter. Koch Industries Inc. now owns 1,388,636 shares of the medical equipment provider’s stock valued at $1,387,000 after purchasing an additional 1,387,952 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Intuitive Surgical by 3.3% in the second quarter. Alliancebernstein L.P. now owns 690,780 shares of the medical equipment provider’s stock valued at $646,135,000 after purchasing an additional 21,795 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Intuitive Surgical by 1.6% in the second quarter. American Century Companies Inc. now owns 560,621 shares of the medical equipment provider’s stock valued at $524,388,000 after purchasing an additional 8,629 shares in the last quarter. 31.43% of the stock is owned by hedge funds and other institutional investors.
Intuitive Surgical, Inc. (NASDAQ ISRG) traded down $0.85 during trading on Friday, hitting $389.15. The stock had a trading volume of 686,600 shares, compared to its average volume of 868,065. Intuitive Surgical, Inc. has a twelve month low of $203.57 and a twelve month high of $393.51. The stock has a market capitalization of $43,603.48, a PE ratio of 51.50, a PEG ratio of 5.44 and a beta of 0.47.
Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.78. The firm had revenue of $806.10 million during the quarter, compared to analysts’ expectations of $753.25 million. Intuitive Surgical had a return on equity of 18.20% and a net margin of 30.16%. Intuitive Surgical’s revenue was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.06 earnings per share. equities analysts anticipate that Intuitive Surgical, Inc. will post 7.85 earnings per share for the current fiscal year.
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In other Intuitive Surgical news, SVP Mark J. Meltzer sold 500 shares of the stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $982.90, for a total value of $491,450.00. Following the completion of the transaction, the senior vice president now owns 2,796 shares in the company, valued at $2,748,188.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jamie Samath sold 1,564 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $371.19, for a total value of $580,541.16. The disclosure for this sale can be found here. Insiders sold 36,076 shares of company stock valued at $15,208,381 in the last quarter. 2.20% of the stock is currently owned by company insiders.
A number of equities analysts recently issued reports on ISRG shares. Royal Bank Of Canada upped their price target on Intuitive Surgical from $88.89 to $105.56 and gave the company a “sector perform” rating in a report on Tuesday, July 18th. Vetr downgraded Intuitive Surgical from a “buy” rating to a “hold” rating and set a $112.28 price target for the company. in a report on Thursday, July 20th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $116.67 price target on shares of Intuitive Surgical in a report on Friday, July 21st. Barclays PLC boosted their price objective on Intuitive Surgical from $96.67 to $111.11 and gave the company an “overweight” rating in a research note on Friday, July 21st. They noted that the move was a valuation call. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and issued a $116.67 price objective on shares of Intuitive Surgical in a research note on Friday, July 21st. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $154.72.
Intuitive Surgical Profile
Intuitive Surgical, Inc (Intuitive) designs, manufactures 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.
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