Rhumbline Advisers lifted its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 205.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,074 shares of the medical equipment provider’s stock after buying an additional 139,244 shares during the quarter. Rhumbline Advisers owned approximately 0.18% of Intuitive Surgical worth $75,570,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in Intuitive Surgical by 200.0% in the fourth quarter. CWM LLC now owns 285 shares of the medical equipment provider’s stock worth $104,000 after purchasing an additional 190 shares during the period. American National Bank boosted its holdings in Intuitive Surgical by 200.0% in the fourth 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 period. Spectrum Management Group Inc. boosted its holdings in Intuitive Surgical by 154.2% in the fourth quarter. Spectrum Management Group Inc. now owns 300 shares of the medical equipment provider’s stock worth $109,000 after purchasing an additional 182 shares during the period. Trust Department MB Financial Bank N A boosted its holdings in Intuitive Surgical by 200.0% in the fourth quarter. Trust Department MB Financial Bank N A now owns 345 shares of the medical equipment provider’s stock worth $126,000 after purchasing an additional 230 shares during the period. Finally, Cerebellum GP LLC acquired a new position in Intuitive Surgical in the fourth quarter worth $127,000. 36.79% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Curet Myriam sold 262 shares of Intuitive Surgical stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $431.50, for a total transaction of $113,053.00. Following the sale, the executive vice president now directly owns 2,152 shares in the company, valued at $928,588. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gary S. Guthart sold 28,525 shares of Intuitive Surgical stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $414.50, for a total transaction of $11,823,612.50. Following the sale, the chief executive officer now owns 311,469 shares in the company, valued at $129,103,900.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 85,016 shares of company stock worth $35,133,026. Company insiders own 2.20% of the company’s stock.
Shares of Intuitive Surgical, Inc. (ISRG) opened at $415.98 on Friday. The stock has a market capitalization of $47,003.66, a price-to-earnings ratio of 73.24, a price-to-earnings-growth ratio of 4.93 and a beta of 0.50. Intuitive Surgical, Inc. has a one year low of $237.53 and a one year high of $452.00.
Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, January 25th. The medical equipment provider reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.27. The company had revenue of $892.40 million for the quarter, compared to analysts’ expectations of $866.54 million. Intuitive Surgical had a return on equity of 19.93% and a net margin of 21.09%. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period last year, the business posted $2.03 earnings per share. sell-side analysts expect that Intuitive Surgical, Inc. will post 7.93 EPS for the current fiscal year.
ISRG has been the subject of a number of research reports. Barclays reaffirmed an “overweight” rating on shares of Intuitive Surgical in a report on Friday, October 20th. BidaskClub downgraded shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Zacks Investment Research raised shares of Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $437.00 price objective for the company in a report on Tuesday, December 12th. Royal Bank of Canada lifted their price objective on shares of Intuitive Surgical to $430.00 and gave the stock a “sector perform” rating in a report on Friday, January 26th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $410.00 price objective (up previously from $380.00) on shares of Intuitive Surgical in a report 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 given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price 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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