MetLife Investment Advisors LLC Takes Position in Intuitive Surgical, Inc. (ISRG)

MetLife Investment Advisors LLC purchased a new stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 34,669 shares of the medical equipment provider’s stock, valued at approximately $12,652,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. CWM LLC grew its holdings in Intuitive Surgical by 200.0% during the 4th quarter. CWM LLC now owns 285 shares of the medical equipment provider’s stock worth $104,000 after acquiring an additional 190 shares in the last quarter. American National Bank grew its holdings in Intuitive Surgical by 200.0% during the 4th quarter. American National Bank now owns 300 shares of the medical equipment provider’s stock worth $109,000 after acquiring an additional 200 shares in the last quarter. Spectrum Management Group Inc. grew its holdings in Intuitive Surgical by 154.2% during the 4th quarter. Spectrum Management Group Inc. now owns 300 shares of the medical equipment provider’s stock worth $109,000 after acquiring an additional 182 shares in the last quarter. Trustcore Financial Services LLC acquired a new position in Intuitive Surgical during the 4th quarter worth $125,000. Finally, Trust Department MB Financial Bank N A grew its holdings in Intuitive Surgical by 200.0% during the 4th quarter. Trust Department MB Financial Bank N A now owns 345 shares of the medical equipment provider’s stock worth $126,000 after acquiring an additional 230 shares in the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

How to Become a New Pot Stock Millionaire

Several brokerages have weighed in on ISRG. BidaskClub raised shares of Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 11th. Barclays reissued an “overweight” rating and set a $465.00 price objective on shares of Intuitive Surgical in a report on Thursday, January 11th. Vetr raised shares of Intuitive Surgical from a “buy” rating to a “strong-buy” rating and set a $478.64 price objective for the company in a report on Monday. Citigroup decreased their price objective on shares of Intuitive Surgical to $507.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $490.00 price objective on shares of Intuitive Surgical in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Intuitive Surgical currently has an average rating of “Buy” and a consensus target price of $410.57.

In other news, VP Jamie Samath sold 964 shares of Intuitive Surgical stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $428.60, for a total value of $413,170.40. Following the completion of the transaction, the vice president now directly owns 118 shares of the company’s stock, valued at approximately $50,574.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark J. Rubash sold 1,000 shares of Intuitive Surgical stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $420.01, for a total transaction of $420,010.00. Following the completion of the transaction, the director now directly owns 4,453 shares of the company’s stock, valued at $1,870,304.53. The disclosure for this sale can be found here. Insiders sold a total of 102,770 shares of company stock valued at $43,410,836 over the last ninety days. Company insiders own 2.20% of the company’s stock.

Intuitive Surgical, Inc. (NASDAQ ISRG) opened at $426.86 on Tuesday. Intuitive Surgical, Inc. has a fifty-two week low of $247.50 and a fifty-two week high of $452.00. The company has a market cap of $49,279.24, a PE ratio of 75.15, a PEG ratio of 5.19 and a beta of 0.51.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Thursday, January 25th. The medical equipment provider reported $2.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $0.27. Intuitive Surgical had a net margin of 21.09% and a return on equity of 19.93%. The business had revenue of $892.40 million during the quarter, compared to analyst estimates of $866.54 million. During the same period in the previous year, the business posted $2.03 EPS. The company’s quarterly revenue was up 17.9% on a year-over-year basis. research analysts predict that Intuitive Surgical, Inc. will post 7.85 EPS for the current year.

WARNING: This report was first posted by Stock Observer and is the property of of Stock Observer. If you are reading this report on another website, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at https://www.thestockobserver.com/2018/03/20/metlife-investment-advisors-llc-takes-position-in-intuitive-surgical-inc-isrg.html.

About Intuitive Surgical

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.

Want to see what other hedge funds are holding ISRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuitive Surgical, Inc. (NASDAQ:ISRG).

Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

Receive News & Ratings for Intuitive Surgical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuitive Surgical and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply