Cannell Peter B & Co. Inc. acquired a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 400 shares of the medical equipment provider’s stock, valued at approximately $230,000.
A number of other institutional investors also recently added to or reduced their stakes in ISRG. FMR LLC increased its stake in Intuitive Surgical by 19.2% in the 2nd quarter. FMR LLC now owns 6,629,648 shares of the medical equipment provider’s stock valued at $3,172,155,000 after buying an additional 1,068,107 shares during the period. Morgan Stanley increased its stake in Intuitive Surgical by 88.1% in the 2nd quarter. Morgan Stanley now owns 1,301,299 shares of the medical equipment provider’s stock valued at $622,646,000 after buying an additional 609,465 shares during the period. Cornerstone Wealth Management LLC acquired a new position in shares of Intuitive Surgical during the 2nd quarter worth $341,000. Jennison Associates LLC increased its stake in shares of Intuitive Surgical by 5,005.3% during the 2nd quarter. Jennison Associates LLC now owns 158,825 shares of the medical equipment provider’s stock worth $75,995,000 after purchasing an additional 155,714 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Intuitive Surgical by 87.4% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 218,602 shares of the medical equipment provider’s stock worth $104,597,000 after purchasing an additional 101,983 shares during the last quarter. Hedge funds and other institutional investors own 84.16% of the company’s stock.
In related news, Director Mark J. Rubash sold 350 shares of the firm’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $560.00, for a total value of $196,000.00. Following the transaction, the director now directly owns 4,316 shares in the company, valued at approximately $2,416,960. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lonnie M. Smith sold 225 shares of the firm’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $540.04, for a total transaction of $121,509.00. Following the completion of the transaction, the director now owns 379,175 shares in the company, valued at $204,769,667. The disclosure for this sale can be found here. Insiders sold a total of 47,311 shares of company stock worth $24,144,846 over the last quarter. 2.20% of the stock is currently owned by company insiders.
NASDAQ:ISRG opened at $532.56 on Friday. Intuitive Surgical, Inc. has a 1 year low of $359.75 and a 1 year high of $581.12. The firm has a market capitalization of $62.32 billion, a P/E ratio of 61.31, a PEG ratio of 3.66 and a beta of 1.02.
Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, October 18th. The medical equipment provider reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.17. Intuitive Surgical had a net margin of 22.31% and a return on equity of 18.79%. The business had revenue of $920.90 million for the quarter, compared to analyst estimates of $916.22 million. During the same period last year, the business posted $2.77 EPS. Intuitive Surgical’s revenue was up 14.0% compared to the same quarter last year. Equities analysts anticipate that Intuitive Surgical, Inc. will post 9.52 earnings per share for the current fiscal year.
Several research analysts have recently commented on the stock. Piper Jaffray Companies increased their price target on shares of Intuitive Surgical from $613.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 31st. BTIG Research restated a “hold” rating on shares of Intuitive Surgical in a research note on Sunday, October 21st. Royal Bank of Canada restated a “hold” rating and set a $560.00 price target on shares of Intuitive Surgical in a research note on Friday, October 19th. Raymond James increased their price target on shares of Intuitive Surgical from $620.00 to $630.00 and gave the stock an “outperform” rating in a research note on Friday, October 19th. Finally, Canaccord Genuity upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and increased their price target for the stock from $550.00 to $610.00 in a research note on Friday, October 19th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $554.64.
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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.
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