Asset Management One Co. Ltd. lifted its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 2.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 63,489 shares of the medical equipment provider’s stock after purchasing an additional 1,230 shares during the quarter. Asset Management One Co. Ltd. owned about 0.06% of Intuitive Surgical worth $66,309,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in ISRG. ETF Managers Group LLC bought a new stake in shares of Intuitive Surgical during the 2nd quarter worth approximately $110,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Intuitive Surgical during the 2nd quarter worth approximately $120,000. Parallel Advisors LLC lifted its stake in shares of Intuitive Surgical by 3.9% during the 2nd quarter. Parallel Advisors LLC now owns 159 shares of the medical equipment provider’s stock worth $149,000 after acquiring an additional 6 shares during the last quarter. Lincoln National Corp bought a new stake in shares of Intuitive Surgical during the 3rd quarter worth approximately $200,000. Finally, MUFG Americas Holdings Corp bought a new stake in shares of Intuitive Surgical during the 3rd quarter worth approximately $208,000. Hedge funds and other institutional investors own 32.81% of the company’s stock.
In other news, COO Salvatore Brogna sold 6,082 shares of Intuitive Surgical stock in a transaction on Friday, December 1st. The stock was sold at an average price of $397.61, for a total value of $2,418,264.02. Following the transaction, the chief operating officer now directly owns 3,096 shares in the company, valued at approximately $1,231,000.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jamie Samath sold 1,564 shares of Intuitive Surgical stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $371.19, for a total value of $580,541.16. The disclosure for this sale can be found here. Insiders sold a total of 55,944 shares of company stock worth $21,432,971 over the last quarter. Company insiders own 2.20% of the company’s stock.
A number of brokerages recently issued reports on ISRG. Morgan Stanley reissued an “overweight” rating on shares of Intuitive Surgical in a research note on Tuesday, September 5th. BidaskClub raised Intuitive Surgical from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Intuitive Surgical in a research report on Saturday, November 18th. Zacks Investment Research raised Intuitive Surgical from a “hold” rating to a “buy” rating and set a $436.00 target price for the company in a research report on Tuesday, November 14th. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of Intuitive Surgical in a research report on Monday, October 16th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Intuitive Surgical currently has a consensus rating of “Buy” and an average target price of $155.78.
Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at $379.04 on Thursday. The firm has a market capitalization of $41,401.66, a price-to-earnings ratio of 48.90, a price-to-earnings-growth ratio of 5.13 and a beta of 0.48. Intuitive Surgical, Inc. has a 1 year low of $203.57 and a 1 year high of $405.05.
Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.78. Intuitive Surgical had a return on equity of 18.20% and a net margin of 30.16%. The business had revenue of $806.10 million for the quarter, compared to the consensus estimate of $753.25 million. During the same period last year, the business posted $2.06 EPS. The business’s revenue was up 18.0% compared to the same quarter last year. equities analysts predict that Intuitive Surgical, Inc. will post 7.85 EPS for the current year.
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Intuitive Surgical Profile
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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