Arrowstreet Capital Limited Partnership boosted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 240.7% in the 4th quarter, Holdings Channel reports. The firm owned 1,001,564 shares of the medical equipment provider’s stock after buying an additional 707,582 shares during the period. Intuitive Surgical makes up approximately 0.9% of Arrowstreet Capital Limited Partnership’s portfolio, making the stock its 23rd largest holding. Arrowstreet Capital Limited Partnership’s holdings in Intuitive Surgical were worth $365,511,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. First Trust Advisors LP lifted its stake in Intuitive Surgical by 61.4% during the third quarter. First Trust Advisors LP now owns 51,130 shares of the medical equipment provider’s stock valued at $53,476,000 after purchasing an additional 19,458 shares during the last quarter. Davis R M Inc. acquired a new stake in shares of Intuitive Surgical during the third quarter valued at approximately $219,000. Point72 Asset Management L.P. acquired a new stake in shares of Intuitive Surgical during the third quarter valued at approximately $24,264,000. Chevy Chase Trust Holdings Inc. raised its holdings in shares of Intuitive Surgical by 206.2% during the fourth quarter. Chevy Chase Trust Holdings Inc. now owns 179,792 shares of the medical equipment provider’s stock valued at $65,613,000 after acquiring an additional 121,082 shares during the period. Finally, Bender Robert & Associates raised its holdings in shares of Intuitive Surgical by 188.2% during the third quarter. Bender Robert & Associates now owns 38,308 shares of the medical equipment provider’s stock valued at $13,355,000 after acquiring an additional 25,015 shares during the period. 36.79% of the stock is owned by institutional investors and hedge funds.
In other news, VP Jamie Samath sold 959 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $398.46, for a total transaction of $382,123.14. Following the transaction, the vice president now owns 536 shares in the company, valued at approximately $213,574.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gary S. Guthart sold 28,525 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $414.50, for a total transaction of $11,823,612.50. Following the transaction, the chief executive officer now owns 311,469 shares in the company, valued at approximately $129,103,900.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,016 shares of company stock worth $35,133,026. Company insiders own 2.20% of the company’s stock.
ISRG has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $437.00 price target on the stock in a report on Tuesday, December 12th. ValuEngine lowered shares of Intuitive Surgical from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Evercore ISI initiated coverage on shares of Intuitive Surgical in a report on Wednesday, January 3rd. They set an “in-line” rating and a $380.00 price target on the stock. Royal Bank of Canada boosted their price target on shares of Intuitive Surgical to $430.00 and gave the company a “sector perform” rating in a report on Friday, January 26th. Finally, BidaskClub lowered shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $408.48.
Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at $415.98 on Monday. The firm has a market cap of $46,710.00, a P/E ratio of 73.24, a price-to-earnings-growth ratio of 4.90 and a beta of 0.50. Intuitive Surgical, Inc. has a 12 month low of $239.21 and a 12 month high of $452.00.
Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, January 25th. The medical equipment provider reported $2.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $0.27. The firm had revenue of $892.40 million for the quarter, compared to analyst estimates of $866.54 million. Intuitive Surgical had a net margin of 21.09% and a return on equity of 19.93%. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.03 EPS. equities research analysts expect that Intuitive Surgical, Inc. will post 7.93 earnings per share 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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