ETRADE Capital Management LLC acquired a new stake in Intuitive Surgical (NASDAQ:ISRG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 639 shares of the medical equipment provider’s stock, valued at approximately $233,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. CWM LLC raised its position in Intuitive Surgical by 200.0% during the fourth quarter. CWM LLC now owns 285 shares of the medical equipment provider’s stock worth $104,000 after acquiring an additional 190 shares during the last quarter. American National Bank raised its position in shares of Intuitive Surgical by 200.0% in the fourth quarter. American National Bank now owns 300 shares of the medical equipment provider’s stock valued at $109,000 after buying an additional 200 shares during the last quarter. Spectrum Management Group Inc. grew 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 valued at $109,000 after purchasing an additional 182 shares during the period. Trustcore Financial Services LLC purchased a new stake in Intuitive Surgical in the fourth quarter valued at approximately $125,000. Finally, Trust Department MB Financial Bank N A grew its stake in Intuitive Surgical by 200.0% during 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 buying an additional 230 shares during the period. Institutional investors and hedge funds own 87.85% of the company’s stock.
Shares of NASDAQ ISRG traded down $9.57 during midday trading on Friday, reaching $396.55. 614,624 shares of the company traded hands, compared to its average volume of 850,820. Intuitive Surgical has a 12 month low of $251.13 and a 12 month high of $452.00. The stock has a market cap of $45,441.92, a PE ratio of 55.15, a PEG ratio of 4.79 and a beta of 0.57.
Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Thursday, January 25th. The medical equipment provider reported $2.54 EPS for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.27. The firm had revenue of $892.40 million during the quarter, compared to analyst estimates of $866.54 million. Intuitive Surgical had a return on equity of 19.93% and a net margin of 21.09%. The company’s revenue was up 17.9% on a year-over-year basis. During the same period last year, the company earned $2.03 earnings per share. equities analysts forecast that Intuitive Surgical will post 7.85 EPS for the current year.
Several research analysts have recently weighed in on ISRG shares. Citigroup restated a “buy” rating and issued a $531.00 target price on shares of Intuitive Surgical in a research note on Friday, January 26th. Stifel Nicolaus reissued a “buy” rating and set a $480.00 target price (up from $400.00) on shares of Intuitive Surgical in a report on Thursday, January 25th. Vetr upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $434.75 price target for the company in a research report on Monday, January 8th. BidaskClub lowered shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Finally, Zacks Investment Research upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $409.00 target price for the company in a research report on Wednesday, January 3rd. 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 given a strong buy rating to the company. Intuitive Surgical has an average rating of “Buy” and a consensus price target of $413.84.
In other Intuitive Surgical news, SVP Mark J. Meltzer sold 24,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $433.00, for a total value of $10,392,000.00. Following the sale, the senior vice president now owns 34,052 shares in the company, valued at approximately $14,744,516. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Curet Myriam sold 262 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $431.50, for a total value of $113,053.00. Following the completion of the sale, the executive vice president now owns 2,152 shares in the company, valued at approximately $928,588. The disclosure for this sale can be found here. Insiders have sold a total of 102,770 shares of company stock valued at $43,410,836 over the last 90 days. Corporate insiders own 2.20% of the company’s stock.
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Intuitive Surgical Profile
Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. The company's da Vinci surgical System translates a surgeon's natural 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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