Trillium Asset Management LLC reduced its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 24.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 585 shares of the medical equipment provider’s stock after selling 190 shares during the period. Trillium Asset Management LLC’s holdings in Intuitive Surgical were worth $242,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. KBC Group NV boosted its stake in shares of Intuitive Surgical by 39.5% during the 1st quarter. KBC Group NV now owns 40,170 shares of the medical equipment provider’s stock valued at $16,583,000 after buying an additional 11,373 shares during the last quarter. KAMES CAPITAL plc purchased a new position in shares of Intuitive Surgical during the 1st quarter valued at approximately $25,658,000. Private Advisor Group LLC boosted its stake in shares of Intuitive Surgical by 81.4% during the 1st quarter. Private Advisor Group LLC now owns 4,388 shares of the medical equipment provider’s stock valued at $1,811,000 after buying an additional 1,969 shares during the last quarter. Silvant Capital Management LLC purchased a new position in shares of Intuitive Surgical during the 1st quarter valued at approximately $4,624,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Intuitive Surgical by 21.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,556 shares of the medical equipment provider’s stock valued at $1,881,000 after buying an additional 791 shares during the last quarter. Institutional investors own 85.52% of the company’s stock.
ISRG stock opened at $454.82 on Wednesday. The firm has a market capitalization of $52.50 billion, a price-to-earnings ratio of 63.26, a P/E/G ratio of 4.33 and a beta of 0.56. Intuitive Surgical, Inc. has a 1 year low of $292.17 and a 1 year high of $473.79.
Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Tuesday, April 17th. The medical equipment provider reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.37. The company had revenue of $848.00 million for the quarter, compared to analysts’ expectations of $773.20 million. Intuitive Surgical had a return on equity of 20.72% and a net margin of 23.25%. The firm’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same period last year, the business posted $5.09 earnings per share. equities research analysts anticipate that Intuitive Surgical, Inc. will post 8.84 EPS for the current fiscal year.
ISRG has been the subject of several research analyst reports. Vetr cut Intuitive Surgical from a “strong-buy” rating to a “buy” rating and set a $455.31 target price for the company. in a research note on Monday, April 2nd. Zacks Investment Research cut Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Tuesday, March 27th. BidaskClub cut Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 10th. ValuEngine cut Intuitive Surgical from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Finally, Canaccord Genuity raised their price objective on Intuitive Surgical from $410.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, April 18th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $457.59.
In other Intuitive Surgical news, EVP Curet Myriam sold 8,078 shares of the firm’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of $471.56, for a total value of $3,809,261.68. Following the sale, the executive vice president now directly owns 3,595 shares in the company, valued at $1,695,258.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lonnie M. Smith sold 265 shares of the firm’s stock in a transaction on Monday, May 14th. The shares were sold at an average price of $465.13, for a total value of $123,259.45. Following the completion of the sale, the director now owns 466,470 shares in the company, valued at $216,969,191.10. The disclosure for this sale can be found here. Insiders sold 189,916 shares of company stock worth $85,561,416 over the last quarter. 2.20% of the stock is currently owned by company insiders.
About Intuitive Surgical
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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