Capital Asset Advisory Services LLC bought a new position in Intuitive Surgical, Inc. (NASDAQ:ISRG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,205 shares of the medical equipment provider’s stock, valued at approximately $651,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Manchester Financial Inc. purchased a new position in Intuitive Surgical in the second quarter valued at approximately $25,000. Advisory Alpha LLC purchased a new stake in shares of Intuitive Surgical during the first quarter valued at approximately $32,000. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of Intuitive Surgical by 733.3% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 75 shares of the medical equipment provider’s stock valued at $39,000 after purchasing an additional 66 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Intuitive Surgical during the second quarter valued at approximately $47,000. Finally, North Star Investment Management Corp. purchased a new stake in shares of Intuitive Surgical during the third quarter valued at approximately $49,000. 85.87% of the stock is currently owned by institutional investors and hedge funds.
In other news, SVP Reiter Kara Andersen sold 4,120 shares of the business’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $540.00, for a total transaction of $2,224,800.00. Following the completion of the transaction, the senior vice president now owns 7,838 shares of the company’s stock, valued at $4,232,520. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Jamie Samath sold 259 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $532.14, for a total transaction of $137,824.26. Following the transaction, the vice president now directly owns 277 shares of the company’s stock, valued at approximately $147,402.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,869 shares of company stock valued at $13,664,252. 1.70% of the stock is currently owned by corporate insiders.
A number of research firms have recently issued reports on ISRG. Redburn Partners began coverage on shares of Intuitive Surgical in a research note on Friday, September 13th. They set a “buy” rating on the stock. ValuEngine lowered shares of Intuitive Surgical from a “hold” rating to a “sell” rating in a research note on Friday, July 12th. Morgan Stanley set a $620.00 price target on shares of Intuitive Surgical and gave the stock a “buy” rating in a research note on Friday, July 19th. Piper Jaffray Companies lifted their price target on shares of Intuitive Surgical from $610.00 to $633.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Finally, BidaskClub lowered shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $575.33.
Shares of NASDAQ:ISRG traded down $3.63 during midday trading on Thursday, reaching $510.49. The company had a trading volume of 2,302 shares, compared to its average volume of 624,436. The stock’s fifty day moving average price is $515.78 and its 200-day moving average price is $518.98. The stock has a market capitalization of $60.69 billion, a P/E ratio of 53.63, a PEG ratio of 3.87 and a beta of 1.13. Intuitive Surgical, Inc. has a one year low of $430.24 and a one year high of $589.32.
Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, July 18th. The medical equipment provider reported $3.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $1.02. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.03 billion. Intuitive Surgical had a net margin of 29.95% and a return on equity of 17.35%. The business’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.76 earnings per share. As a group, equities analysts anticipate that Intuitive Surgical, Inc. will post 10.12 earnings per share for the current year.
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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