Gulf International Bank UK Ltd reduced its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 26,288 shares of the medical equipment provider’s stock after selling 106 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Intuitive Surgical were worth $13,789,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in ISRG. BlackRock Inc. raised its stake in Intuitive Surgical by 1.2% during the first quarter. BlackRock Inc. now owns 8,424,675 shares of the medical equipment provider’s stock valued at $4,806,951,000 after buying an additional 96,860 shares in the last quarter. FMR LLC raised its stake in Intuitive Surgical by 7.3% during the first quarter. FMR LLC now owns 6,807,862 shares of the medical equipment provider’s stock valued at $3,884,429,000 after buying an additional 462,957 shares in the last quarter. Jennison Associates LLC raised its stake in Intuitive Surgical by 37.4% during the first quarter. Jennison Associates LLC now owns 2,679,394 shares of the medical equipment provider’s stock valued at $1,528,809,000 after buying an additional 729,710 shares in the last quarter. Northern Trust Corp raised its stake in Intuitive Surgical by 1.1% during the first quarter. Northern Trust Corp now owns 1,342,116 shares of the medical equipment provider’s stock valued at $765,784,000 after buying an additional 14,460 shares in the last quarter. Finally, Norges Bank acquired a new stake in Intuitive Surgical during the fourth quarter valued at approximately $524,111,000. Hedge funds and other institutional investors own 85.58% of the company’s stock.
ISRG traded down $0.88 during trading hours on Wednesday, hitting $536.91. The company’s stock had a trading volume of 11,215 shares, compared to its average volume of 605,172. Intuitive Surgical, Inc. has a fifty-two week low of $430.24 and a fifty-two week high of $589.32. The stock has a market capitalization of $62.09 billion, a price-to-earnings ratio of 56.69, a PEG ratio of 4.36 and a beta of 1.08. The business’s 50-day moving average is $519.35.
Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, July 18th. The medical equipment provider reported $3.25 EPS for the quarter, beating the consensus estimate of $2.23 by $1.02. Intuitive Surgical had a return on equity of 17.54% and a net margin of 29.95%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the firm earned $2.76 EPS. The firm’s revenue was up 20.9% compared to the same quarter last year. As a group, equities research analysts forecast that Intuitive Surgical, Inc. will post 9.55 earnings per share for the current year.
ISRG has been the topic of several research reports. Morgan Stanley set a $620.00 price objective on Intuitive Surgical and gave the company a “buy” rating in a research note on Friday, July 19th. UBS Group set a $260.00 price target on Boston Beer and gave the stock a “sell” rating in a research report on Friday, July 19th. Piper Jaffray Companies set a $175.00 price target on Wayfair and gave the stock a “buy” rating in a research report on Friday, July 19th. Citigroup upgraded China Petroleum & Chemical from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 14th. Finally, ValuEngine upgraded Valmont Industries from a “sell” rating to a “hold” rating in a research report on Friday, July 12th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $579.92.
In other Intuitive Surgical news, VP Jamie Samath sold 259 shares of the stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $532.14, for a total transaction of $137,824.26. Following the completion of the transaction, the vice president now directly owns 277 shares of the company’s stock, valued at approximately $147,402.78. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lonnie M. Smith sold 227 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $493.39, for a total value of $111,999.53. Following the transaction, the director now directly owns 359,696 shares of the company’s stock, valued at $177,470,409.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,424 shares of company stock worth $12,253,106. 1.70% of the stock is owned by insiders.
Intuitive Surgical Company Profile
Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.
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