Lido Advisors LLC raised its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 12.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,513 shares of the medical equipment provider’s stock after acquiring an additional 162 shares during the period. Lido Advisors LLC’s holdings in Intuitive Surgical were worth $868,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. CENTRAL TRUST Co raised its stake in Intuitive Surgical by 26.4% during the 3rd quarter. CENTRAL TRUST Co now owns 460 shares of the medical equipment provider’s stock valued at $264,000 after purchasing an additional 96 shares during the period. Crossmark Global Holdings Inc. raised its stake in Intuitive Surgical by 25.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 14,564 shares of the medical equipment provider’s stock valued at $8,360,000 after purchasing an additional 2,977 shares during the period. Carillon Tower Advisers Inc. raised its stake in Intuitive Surgical by 3.7% during the 3rd quarter. Carillon Tower Advisers Inc. now owns 77,953 shares of the medical equipment provider’s stock valued at $44,745,000 after purchasing an additional 2,754 shares during the period. Signition LP acquired a new stake in Intuitive Surgical during the 2nd quarter valued at $240,000. Finally, United Capital Management of KS Inc. acquired a new stake in Intuitive Surgical during the 3rd quarter valued at $205,000. 84.31% of the stock is currently owned by institutional investors.
ISRG has been the topic of several research analyst reports. Zacks Investment Research cut shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. Piper Jaffray Companies upgraded shares of Intuitive Surgical from a “neutral” rating to an “overweight” rating and set a $600.00 price target on the stock in a report on Tuesday, October 9th. BidaskClub upgraded shares of Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 16th. Canaccord Genuity upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and boosted their price target for the company from $550.00 to $610.00 in a report on Friday, October 19th. They noted that the move was a valuation call. Finally, Wells Fargo & Co boosted their price target on shares of Intuitive Surgical from $575.00 to $635.00 and gave the company an “outperform” rating in a report on Wednesday, September 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the stock. Intuitive Surgical presently has an average rating of “Buy” and a consensus target price of $556.01.
In related news, VP Jamie Samath sold 227 shares of the company’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $541.86, for a total value of $123,002.22. Following the completion of the sale, the vice president now directly owns 138 shares in the company, valued at $74,776.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lonnie M. Smith sold 225 shares of the company’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $540.04, for a total transaction of $121,509.00. Following the completion of the sale, the director now owns 379,175 shares of the company’s stock, valued at $204,769,667. The disclosure for this sale can be found here. Insiders sold 72,491 shares of company stock valued at $37,767,784 over the last quarter. 2.20% of the stock is currently owned by corporate insiders.
Shares of NASDAQ:ISRG opened at $519.09 on Friday. The firm has a market capitalization of $59.25 billion, a P/E ratio of 72.20, a price-to-earnings-growth ratio of 3.75 and a beta of 1.03. Intuitive Surgical, Inc. has a 1 year low of $359.75 and a 1 year high of $581.12.
Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, October 18th. The medical equipment provider reported $2.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.66 by $0.17. The firm had revenue of $920.90 million during the quarter, compared to analysts’ expectations of $916.22 million. Intuitive Surgical had a net margin of 22.31% and a return on equity of 18.79%. Intuitive Surgical’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.77 earnings per share. On average, analysts anticipate that Intuitive Surgical, Inc. will post 9.52 EPS for the current fiscal year.
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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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