TD Asset Management Inc. trimmed its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 222,969 shares of the medical equipment provider’s stock after selling 54 shares during the quarter. TD Asset Management Inc. owned 0.19% of Intuitive Surgical worth $116,959,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of ISRG. Thoroughbred Financial Services LLC increased its stake in Intuitive Surgical by 101,543.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 864,982 shares of the medical equipment provider’s stock worth $86,498,000 after purchasing an additional 864,131 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Intuitive Surgical by 37.4% in the 1st quarter. Jennison Associates LLC now owns 2,679,394 shares of the medical equipment provider’s stock valued at $1,528,809,000 after buying an additional 729,710 shares during the last quarter. FMR LLC boosted its holdings in shares of Intuitive Surgical by 7.3% in the 1st quarter. FMR LLC now owns 6,807,862 shares of the medical equipment provider’s stock valued at $3,884,429,000 after buying an additional 462,957 shares during the last quarter. GQG Partners LLC boosted its holdings in shares of Intuitive Surgical by 171.0% in the 1st quarter. GQG Partners LLC now owns 278,946 shares of the medical equipment provider’s stock valued at $158,704,000 after buying an additional 176,007 shares during the last quarter. Finally, GWM Advisors LLC boosted its holdings in shares of Intuitive Surgical by 22,531.8% in the 1st quarter. GWM Advisors LLC now owns 148,691 shares of the medical equipment provider’s stock valued at $4,780,000 after buying an additional 148,034 shares during the last quarter. 86.09% of the stock is owned by institutional investors and hedge funds.
In other Intuitive Surgical news, Director Lonnie M. Smith sold 227 shares of Intuitive Surgical stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $493.39, for a total value of $111,999.53. Following the transaction, the director now owns 359,696 shares in the company, valued at $177,470,409.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Marshall Mohr sold 15,000 shares of Intuitive Surgical stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $526.11, for a total value of $7,891,650.00. Following the completion of the transaction, the vice president now owns 20,135 shares in the company, valued at approximately $10,593,224.85. The disclosure for this sale can be found here. Insiders sold 25,882 shares of company stock worth $13,664,919 in the last 90 days. 1.70% of the stock is owned by company insiders.
Shares of NASDAQ ISRG traded down $4.86 during mid-day trading on Wednesday, reaching $505.03. The company had a trading volume of 154,739 shares, compared to its average volume of 736,576. Intuitive Surgical, Inc. has a one year low of $430.24 and a one year high of $589.32. The firm has a market cap of $59.41 billion, a price-to-earnings ratio of 53.22, a price-to-earnings-growth ratio of 3.83 and a beta of 1.12. The company has a 50-day moving average price of $525.00.
Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, July 18th. The medical equipment provider reported $3.25 EPS for the quarter, topping the Zacks’ consensus estimate of $2.23 by $1.02. Intuitive Surgical had a return on equity of 17.35% and a net margin of 29.95%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the business earned $2.76 earnings per share. Intuitive Surgical’s revenue was up 20.9% on a year-over-year basis. On average, equities analysts anticipate that Intuitive Surgical, Inc. will post 10.15 EPS for the current fiscal year.
Several equities research analysts have recently commented on the company. Morgan Stanley set a $620.00 price objective on Intuitive Surgical and gave the company a “buy” rating in a report on Friday, July 19th. ValuEngine downgraded Intuitive Surgical from a “hold” rating to a “sell” rating in a report on Friday, July 12th. Canaccord Genuity reaffirmed a “buy” rating and set a $610.00 price target (up previously from $575.00) on shares of Intuitive Surgical in a report on Friday, July 19th. Raymond James cut their price target on Intuitive Surgical from $630.00 to $610.00 and set an “outperform” rating for the company in a report on Monday, April 22nd. Finally, BidaskClub raised Intuitive Surgical from a “hold” rating to a “buy” rating in a report on Tuesday, June 11th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. Intuitive Surgical has an average rating of “Hold” and an average target price of $579.92.
About Intuitive Surgical
Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.
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