Employees Retirement System of Texas raised its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG – Free Report) by 558.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,841 shares of the medical equipment provider’s stock after buying an additional 65,179 shares during the period. Employees Retirement System of Texas’ holdings in Intuitive Surgical were worth $43,520,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Holos Integrated Wealth LLC purchased a new stake in shares of Intuitive Surgical in the 4th quarter valued at about $25,000. Newbridge Financial Services Group Inc. lifted its holdings in shares of Intuitive Surgical by 300.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 44 shares of the medical equipment provider’s stock valued at $25,000 after purchasing an additional 33 shares during the last quarter. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Intuitive Surgical in the 3rd quarter valued at about $27,000. Olistico Wealth LLC purchased a new stake in shares of Intuitive Surgical in the 4th quarter valued at about $28,000. Finally, Caitlin John LLC purchased a new stake in shares of Intuitive Surgical in the 3rd quarter valued at about $30,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Intuitive Surgical
In related news, SVP Patricia L. Wadors sold 220 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $499.71, for a total value of $109,936.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Mark Brosius sold 2,362 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $498.68, for a total value of $1,177,882.16. Following the completion of the transaction, the senior vice president owned 3,554 shares in the company, valued at $1,772,308.72. This trade represents a 39.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 5,701 shares of company stock worth $2,783,807 over the last three months. 0.60% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on Intuitive Surgical
Intuitive Surgical Stock Down 0.3%
Shares of ISRG stock opened at $436.64 on Wednesday. The stock has a market capitalization of $154.64 billion, a PE ratio of 52.93, a price-to-earnings-growth ratio of 3.50 and a beta of 1.51. Intuitive Surgical, Inc. has a 52-week low of $417.74 and a 52-week high of $603.88. The stock’s 50-day moving average price is $457.08 and its 200 day moving average price is $508.88.
Intuitive Surgical (NASDAQ:ISRG – Get Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The medical equipment provider reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.42. The firm had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Intuitive Surgical had a return on equity of 15.98% and a net margin of 28.15%.The firm’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.81 EPS. Analysts expect that Intuitive Surgical, Inc. will post 8.57 earnings per share for the current fiscal year.
Intuitive Surgical Profile
Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.
In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.
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