Nisa Investment Advisors LLC boosted its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 196.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,771 shares of the medical equipment provider’s stock after purchasing an additional 20,398 shares during the period. Nisa Investment Advisors LLC’s holdings in Intuitive Surgical were worth $11,230,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in ISRG. American National Bank grew its position in Intuitive Surgical by 200.0% during the 4th quarter. American National Bank now owns 300 shares of the medical equipment provider’s stock worth $109,000 after purchasing an additional 200 shares during the last quarter. ETF Managers Group LLC purchased a new stake in Intuitive Surgical during the 2nd quarter worth approximately $110,000. Harvest Fund Management Co. Ltd purchased a new stake in Intuitive Surgical during the 2nd quarter worth approximately $120,000. Parallel Advisors LLC grew its position in Intuitive Surgical by 195.6% during the 3rd quarter. Parallel Advisors LLC now owns 470 shares of the medical equipment provider’s stock worth $184,000 after purchasing an additional 311 shares during the last quarter. Finally, Lincoln National Corp purchased a new stake in Intuitive Surgical during the 3rd quarter worth approximately $200,000. 32.80% of the stock is currently owned by institutional investors.
In related news, Director Mark J. Rubash sold 6,000 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $395.95, for a total transaction of $2,375,700.00. Following the sale, the director now directly owns 5,453 shares of the company’s stock, valued at $2,159,115.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan J. Levy sold 2,997 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $371.35, for a total transaction of $1,112,935.95. The disclosure for this sale can be found here. Insiders have sold 55,944 shares of company stock worth $21,432,971 over the last three months. 2.20% of the stock is currently owned by insiders.
Several research firms have recently commented on ISRG. Zacks Investment Research raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $418.00 price objective on the stock in a report on Wednesday, October 25th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Intuitive Surgical in a report on Monday, October 16th. Wedbush reaffirmed a “buy” rating on shares of Intuitive Surgical in a report on Tuesday, October 10th. BidaskClub downgraded shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of Intuitive Surgical in a report on Saturday, November 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Intuitive Surgical presently has a consensus rating of “Buy” and an average price target of $357.44.
Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at $419.04 on Friday. Intuitive Surgical, Inc. has a twelve month low of $217.19 and a twelve month high of $426.98. The stock has a market cap of $46,952.59, a price-to-earnings ratio of 55.45, a P/E/G ratio of 5.65 and a beta of 0.47.
Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.78. Intuitive Surgical had a net margin of 30.16% and a return on equity of 18.20%. The firm had revenue of $806.10 million for the quarter, compared to the consensus estimate of $753.25 million. During the same period in the prior year, the firm posted $2.06 earnings per share. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. analysts anticipate that Intuitive Surgical, Inc. will post 7.93 EPS for the current fiscal year.
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About Intuitive Surgical
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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