MUFG Americas Holdings Corp Has $200,000 Holdings in Intuitive Surgical, Inc. (ISRG)

MUFG Americas Holdings Corp raised its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 175.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 549 shares of the medical equipment provider’s stock after purchasing an additional 350 shares during the period. MUFG Americas Holdings Corp’s holdings in Intuitive Surgical were worth $200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Eqis Capital Management Inc. grew its stake in Intuitive Surgical by 17.2% in the third quarter. Eqis Capital Management Inc. now owns 408 shares of the medical equipment provider’s stock valued at $427,000 after purchasing an additional 60 shares during the last quarter. Flagship Harbor Advisors LLC grew its stake in Intuitive Surgical by 14.9% in the fourth quarter. Flagship Harbor Advisors LLC now owns 889 shares of the medical equipment provider’s stock valued at $352,000 after purchasing an additional 115 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Intuitive Surgical by 12.6% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 1,176 shares of the medical equipment provider’s stock valued at $1,230,000 after purchasing an additional 132 shares during the last quarter. Boston Private Wealth LLC grew its stake in Intuitive Surgical by 6.4% in the third quarter. Boston Private Wealth LLC now owns 2,276 shares of the medical equipment provider’s stock valued at $2,380,000 after purchasing an additional 136 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in Intuitive Surgical by 44.1% in the third quarter. Janney Montgomery Scott LLC now owns 461 shares of the medical equipment provider’s stock valued at $482,000 after purchasing an additional 141 shares during the last quarter. Institutional investors own 61.59% of the company’s stock.

ISRG has been the topic of several analyst reports. BidaskClub lowered Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Zacks Investment Research upgraded Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $437.00 target price on the stock in a research note on Tuesday, December 12th. Royal Bank of Canada lifted their target price on Intuitive Surgical to $430.00 and gave the company a “sector perform” rating in a research note on Friday, January 26th. Canaccord Genuity reiterated a “hold” rating and issued a $410.00 target price (up previously from $380.00) on shares of Intuitive Surgical in a research note on Friday, January 26th. They noted that the move was a valuation call. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of Intuitive Surgical in a research note on Saturday, November 18th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $408.48.

In related news, CEO Gary S. Guthart sold 28,525 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $414.50, for a total value of $11,823,612.50. Following the sale, the chief executive officer now owns 311,469 shares in the company, valued at $129,103,900.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Curet Myriam sold 262 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $431.50, for a total value of $113,053.00. Following the completion of the sale, the executive vice president now owns 2,152 shares in the company, valued at approximately $928,588. The disclosure for this sale can be found here. Insiders have sold 79,016 shares of company stock worth $32,750,186 in the last 90 days. Insiders own 2.20% of the company’s stock.

Shares of Intuitive Surgical, Inc. (ISRG) opened at $415.98 on Tuesday. Intuitive Surgical, Inc. has a 52 week low of $239.21 and a 52 week high of $452.00. The firm has a market capitalization of $46,713.93, a PE ratio of 52.92, a PEG ratio of 4.90 and a beta of 0.50.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, January 25th. The medical equipment provider reported $2.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.27. Intuitive Surgical had a return on equity of 19.93% and a net margin of 21.09%. The business had revenue of $892.40 million for the quarter, compared to analyst estimates of $866.54 million. During the same quarter in the previous year, the firm earned $2.03 earnings per share. The company’s revenue was up 17.9% on a year-over-year basis. analysts forecast that Intuitive Surgical, Inc. will post 7.93 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece of content was first posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.thelincolnianonline.com/2018/02/20/mufg-americas-holdings-corp-has-200000-holdings-in-intuitive-surgical-inc-isrg.html.

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.

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