Stephens Investment Management Group LLC boosted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 200.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 80,631 shares of the medical equipment provider’s stock after acquiring an additional 53,831 shares during the period. Stephens Investment Management Group LLC owned 0.07% of Intuitive Surgical worth $29,425,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of ISRG. First Trust Advisors LP grew its holdings in shares of Intuitive Surgical by 61.4% during the 3rd quarter. First Trust Advisors LP now owns 51,130 shares of the medical equipment provider’s stock worth $53,476,000 after purchasing an additional 19,458 shares in the last quarter. Davis R M Inc. acquired a new stake in Intuitive Surgical in the third quarter valued at about $219,000. Point72 Asset Management L.P. acquired a new stake in Intuitive Surgical in the third quarter valued at about $24,264,000. Cubist Systematic Strategies LLC boosted its stake in Intuitive Surgical by 1,295.9% in the second quarter. Cubist Systematic Strategies LLC now owns 2,052 shares of the medical equipment provider’s stock valued at $1,919,000 after buying an additional 1,905 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in Intuitive Surgical by 206.2% in the fourth quarter. Chevy Chase Trust Holdings Inc. now owns 179,792 shares of the medical equipment provider’s stock valued at $65,613,000 after buying an additional 121,082 shares in the last quarter. 36.79% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Gary S. Guthart sold 28,525 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $414.50, for a total transaction of $11,823,612.50. Following the completion of the transaction, the chief executive officer now directly owns 311,469 shares in the company, valued at $129,103,900.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Salvatore Brogna sold 6,082 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $397.61, for a total value of $2,418,264.02. Following the transaction, the chief operating officer now owns 3,096 shares of the company’s stock, valued at $1,231,000.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 85,016 shares of company stock worth $35,133,026. 2.20% of the stock is currently owned by corporate insiders.
Shares of Intuitive Surgical, Inc. (ISRG) traded up $3.49 during trading on Wednesday, reaching $402.00. The company had a trading volume of 478,600 shares, compared to its average volume of 994,195. The company has a market capitalization of $45,040.00, a price-to-earnings ratio of 71.45, a P/E/G ratio of 4.69 and a beta of 0.50. Intuitive Surgical, Inc. has a 1-year low of $236.84 and a 1-year high of $452.00.
Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Thursday, January 25th. The medical equipment provider reported $2.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $0.27. Intuitive Surgical had a return on equity of 19.93% and a net margin of 21.09%. The firm had revenue of $892.40 million for the quarter, compared to analyst estimates of $866.54 million. During the same period in the previous year, the company posted $2.03 earnings per share. The business’s revenue was up 17.9% on a year-over-year basis. equities analysts forecast that Intuitive Surgical, Inc. will post 7.93 EPS for the current fiscal year.
Several equities analysts have commented on ISRG shares. Barclays restated an “overweight” rating on shares of Intuitive Surgical in a research report on Friday, October 20th. BidaskClub downgraded Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Zacks Investment Research raised Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $437.00 target price for the company in a research note on Tuesday, December 12th. Royal Bank of Canada raised their target price on Intuitive Surgical to $430.00 and gave the stock a “sector perform” rating in a research note on Friday, January 26th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $410.00 target price (up previously from $380.00) on shares of Intuitive Surgical in a research note on Friday, January 26th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $408.48.
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Intuitive Surgical Company 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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