Suntrust Banks Inc. grew its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 197.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,905 shares of the medical equipment provider’s stock after buying an additional 11,229 shares during the quarter. Suntrust Banks Inc.’s holdings in Intuitive Surgical were worth $6,167,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of ISRG. First Trust Advisors LP grew its stake in shares of Intuitive Surgical by 61.4% in the third 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 during the last quarter. Davis R M Inc. bought a new stake in shares of Intuitive Surgical in the third quarter worth $219,000. Point72 Asset Management L.P. bought a new stake in shares of Intuitive Surgical in the third quarter worth $24,264,000. Chevy Chase Trust Holdings Inc. grew its stake in shares of 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 worth $65,613,000 after purchasing an additional 121,082 shares during the last quarter. Finally, Atria Investments LLC grew its stake in shares of Intuitive Surgical by 189.4% in the fourth quarter. Atria Investments LLC now owns 1,777 shares of the medical equipment provider’s stock worth $648,000 after purchasing an additional 1,163 shares during the last quarter. 61.59% of the stock is currently owned by hedge funds and other institutional investors.
In other Intuitive Surgical news, EVP Curet Myriam sold 262 shares of the company’s stock in a transaction on 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 owns 2,152 shares of the company’s stock, valued at $928,588. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lonnie M. Smith sold 18,000 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $428.68, for a total transaction of $7,716,240.00. Following the sale, the director now directly owns 511,410 shares in the company, valued at approximately $219,231,238.80. The disclosure for this sale can be found here. Insiders have sold 85,877 shares of company stock worth $35,631,764 in the last ninety days. Insiders own 2.20% of the company’s stock.
Several analysts recently weighed in on the stock. BidaskClub raised shares of Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Vetr raised shares of Intuitive Surgical from a “buy” rating to a “strong-buy” rating and set a $443.17 price objective on the stock in a research note on Thursday, February 8th. Citigroup reduced their price objective on shares of Intuitive Surgical to $507.00 and set a “buy” rating on the stock in a research note on Tuesday, February 6th. Morgan Stanley boosted their price objective on shares of Intuitive Surgical from $450.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Finally, Zacks Investment Research cut shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. Intuitive Surgical currently has an average rating of “Buy” and a consensus price target of $408.48.
Shares of Intuitive Surgical, Inc. (NASDAQ ISRG) opened at $427.51 on Friday. The company has a market cap of $48,010.00, a price-to-earnings ratio of 50.18, a price-to-earnings-growth ratio of 5.09 and a beta of 0.50. Intuitive Surgical, Inc. has a 1 year low of $242.26 and a 1 year high of $452.00.
Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, January 25th. The medical equipment provider reported $2.54 EPS for the quarter, beating the Zacks’ consensus estimate of $2.27 by $0.27. The business had revenue of $892.40 million for the quarter, compared to analysts’ expectations of $866.54 million. Intuitive Surgical had a net margin of 21.09% and a return on equity of 19.93%. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.03 earnings per share. equities analysts predict that Intuitive Surgical, Inc. will post 7.85 earnings per share 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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