Marks Group Wealth Management Inc lessened its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG – Free Report) by 21.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 7,302 shares of the medical equipment provider’s stock after selling 2,003 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Intuitive Surgical were worth $4,136,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Holos Integrated Wealth LLC acquired a new position in Intuitive Surgical in the 4th quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. increased its stake in 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 buying an additional 33 shares during the period. Olistico Wealth LLC acquired a new position in Intuitive Surgical in the 4th quarter valued at approximately $28,000. Caitlin John LLC acquired a new position in Intuitive Surgical in the 3rd quarter valued at approximately $30,000. Finally, Laurel Wealth Advisors LLC acquired a new position in Intuitive Surgical in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 83.64% of the company’s stock.
Insider Transactions at Intuitive Surgical
In other news, Director Amy L. Ladd sold 119 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $463.50, for a total value of $55,156.50. Following the completion of the sale, the director directly owned 120 shares in the company, valued at approximately $55,620. The trade was a 49.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Gary Loeb sold 400 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $446.95, for a total transaction of $178,780.00. Following the completion of the sale, the executive vice president owned 6,120 shares of the company’s stock, valued at $2,735,334. The trade was a 6.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 6,698 shares of company stock worth $2,859,708. 0.60% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Read Our Latest Report on ISRG
Intuitive Surgical Trading Down 0.8%
Shares of Intuitive Surgical stock opened at $418.58 on Tuesday. The firm has a fifty day simple moving average of $446.24 and a 200-day simple moving average of $499.80. Intuitive Surgical, Inc. has a 1-year low of $396.68 and a 1-year high of $603.88. The stock has a market capitalization of $148.24 billion, a price-to-earnings ratio of 50.74, a PEG ratio of 3.37 and a beta of 1.46.
Intuitive Surgical (NASDAQ:ISRG – Get Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The medical equipment provider reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.42. Intuitive Surgical had a net margin of 28.15% and a return on equity of 15.98%. The business had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the previous year, the company earned $1.81 earnings per share. Intuitive Surgical’s revenue for the quarter was up 23.0% on a year-over-year basis. As a group, research analysts predict that Intuitive Surgical, Inc. will post 8.57 earnings per share for the current 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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