J. Derek Lewis & Associates Inc. bought a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRG – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,231 shares of the medical equipment provider’s stock, valued at approximately $2,963,000. Intuitive Surgical accounts for approximately 0.7% of J. Derek Lewis & Associates Inc.’s investment portfolio, making the stock its 29th largest position.
A number of other hedge funds have also made changes to their positions in ISRG. Holos Integrated Wealth LLC purchased a new stake in Intuitive Surgical in the 4th quarter worth approximately $25,000. Newbridge Financial Services Group Inc. grew its holdings in shares of Intuitive Surgical by 300.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 44 shares of the medical equipment provider’s stock valued at $25,000 after acquiring an additional 33 shares in the last quarter. Olistico Wealth LLC acquired a new position in shares of Intuitive Surgical in the fourth quarter worth $28,000. Caitlin John LLC acquired a new position in shares of Intuitive Surgical in the third quarter worth $30,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in shares of Intuitive Surgical during the fourth quarter worth $31,000. 83.64% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, Director Amy L. Ladd sold 500 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $473.46, for a total value of $236,730.00. Following the sale, the director directly owned 239 shares of the company’s stock, valued at approximately $113,156.94. This trade represents a 67.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Iman Jeddi sold 5,625 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $420.55, for a total value of $2,365,593.75. Following the transaction, the senior vice president directly owned 6,463 shares of the company’s stock, valued at $2,718,014.65. This represents a 46.53% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 7,169 shares of company stock worth $3,059,135 in the last quarter. 0.60% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on Intuitive Surgical
Intuitive Surgical Price Performance
Shares of Intuitive Surgical stock opened at $406.78 on Friday. The stock has a market capitalization of $144.07 billion, a P/E ratio of 49.31, a PEG ratio of 3.31 and a beta of 1.46. The stock has a 50 day moving average price of $438.43 and a two-hundred day moving average price of $490.46. Intuitive Surgical, Inc. has a 12-month low of $396.68 and a 12-month high of $603.88.
Intuitive Surgical (NASDAQ:ISRG – Get Free Report) last released its quarterly earnings results on Tuesday, April 21st. The medical equipment provider reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.42. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.62 billion. Intuitive Surgical had a net margin of 28.15% and a return on equity of 15.98%. The company’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.81 earnings per share. Sell-side analysts anticipate 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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