Signaturefd LLC Acquires Shares of 415 Intuitive Surgical (ISRG)

Signaturefd LLC acquired a new position in shares of Intuitive Surgical (NASDAQ:ISRG) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 415 shares of the medical equipment provider’s stock, valued at approximately $171,000.

Other hedge funds also recently modified their holdings of the company. Chevy Chase Trust Holdings Inc. lifted its position in 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 worth $65,613,000 after acquiring an additional 121,082 shares during the last quarter. Atria Investments LLC lifted its position in Intuitive Surgical by 189.4% during the fourth quarter. Atria Investments LLC now owns 1,777 shares of the medical equipment provider’s stock worth $648,000 after acquiring an additional 1,163 shares during the last quarter. Shaker Investments LLC OH lifted its position in Intuitive Surgical by 200.0% during the fourth quarter. Shaker Investments LLC OH now owns 2,100 shares of the medical equipment provider’s stock worth $766,000 after acquiring an additional 1,400 shares during the last quarter. LPL Financial LLC lifted its position in Intuitive Surgical by 309.0% during the fourth quarter. LPL Financial LLC now owns 16,124 shares of the medical equipment provider’s stock worth $5,884,000 after acquiring an additional 12,182 shares during the last quarter. Finally, Castleark Management LLC lifted its position in Intuitive Surgical by 198.3% during the fourth quarter. Castleark Management LLC now owns 21,180 shares of the medical equipment provider’s stock worth $7,729,000 after acquiring an additional 14,080 shares during the last quarter. Hedge funds and other institutional investors own 87.70% of the company’s stock.

In other Intuitive Surgical news, SVP Mark J. Meltzer sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $419.98, for a total transaction of $2,519,880.00. Following the completion of the transaction, the senior vice president now directly owns 11,552 shares in the company, valued at $4,851,608.96. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gary S. Guthart sold 36,642 shares of the business’s stock in a transaction that occurred on Monday, April 30th. The shares were sold at an average price of $446.96, for a total transaction of $16,377,508.32. Following the transaction, the chief executive officer now owns 340,184 shares of the company’s stock, valued at $152,048,640.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 196,777 shares of company stock valued at $88,442,993. Company insiders own 2.20% of the company’s stock.

Several brokerages have issued reports on ISRG. Cantor Fitzgerald raised their price objective on shares of Intuitive Surgical to $510.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 18th. ValuEngine upgraded shares of Intuitive Surgical from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Piper Jaffray reiterated a “hold” rating on shares of Intuitive Surgical in a research report on Friday, January 26th. Royal Bank of Canada set a $460.00 price target on shares of Intuitive Surgical and gave the company a “hold” rating in a research report on Wednesday, April 18th. Finally, Zacks Investment Research downgraded shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $457.59.

Shares of Intuitive Surgical opened at $458.79 on Friday, according to Marketbeat Ratings. Intuitive Surgical has a one year low of $286.78 and a one year high of $473.79. The company has a market cap of $51.88 billion, a price-to-earnings ratio of 63.81, a PEG ratio of 4.28 and a beta of 0.56.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Tuesday, April 17th. The medical equipment provider reported $2.44 EPS for the quarter, beating the consensus estimate of $2.07 by $0.37. Intuitive Surgical had a net margin of 23.25% and a return on equity of 20.72%. The business had revenue of $848.00 million during the quarter, compared to the consensus estimate of $773.20 million. During the same period in the previous year, the business earned $5.09 earnings per share. The company’s revenue was up 25.8% on a year-over-year basis. equities research analysts anticipate that Intuitive Surgical will post 8.84 EPS for the current year.

Intuitive Surgical Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. The company's da Vinci surgical System translates a surgeon's natural 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.

Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

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