Commonwealth Bank of Australia boosted its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 614.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 921 shares of the medical equipment provider’s stock after acquiring an additional 792 shares during the quarter. Commonwealth Bank of Australia’s holdings in Intuitive Surgical were worth $860,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in Intuitive Surgical by 2,770.9% in the first quarter. BlackRock Inc. now owns 2,846,621 shares of the medical equipment provider’s stock valued at $2,181,851,000 after purchasing an additional 2,747,465 shares during the period. Edgewood Management LLC grew its holdings in Intuitive Surgical by 38.8% in the first quarter. Edgewood Management LLC now owns 919,617 shares of the medical equipment provider’s stock valued at $704,859,000 after purchasing an additional 257,165 shares during the period. Waddell & Reed Financial Inc. grew its holdings in Intuitive Surgical by 77.3% in the first quarter. Waddell & Reed Financial Inc. now owns 417,863 shares of the medical equipment provider’s stock valued at $320,280,000 after purchasing an additional 182,139 shares during the period. Old Mutual Global Investors UK Ltd. grew its holdings in Intuitive Surgical by 1,202,037.5% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 96,171 shares of the medical equipment provider’s stock valued at $89,955,000 after purchasing an additional 96,163 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its holdings in Intuitive Surgical by 497.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 105,845 shares of the medical equipment provider’s stock valued at $81,127,000 after purchasing an additional 88,140 shares during the period. Institutional investors own 94.23% of the company’s stock.
Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at 1038.03 on Friday. The stock has a market cap of $38.56 billion, a P/E ratio of 49.72 and a beta of 0.38. Intuitive Surgical, Inc. has a 12 month low of $610.71 and a 12 month high of $1,054.77. The company’s 50-day moving average price is $984.34 and its 200-day moving average price is $884.74. Shares of Intuitive Surgical are going to split on Friday, October 6th. The 3-1 split was announced on Friday, August 11th. The newly issued shares will be payable to shareholders after the market closes on Thursday, October 5th.
Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, July 20th. The medical equipment provider reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.05. The firm had revenue of $756.20 million for the quarter, compared to analysts’ expectations of $724.51 million. Intuitive Surgical had a return on equity of 15.99% and a net margin of 28.44%. Intuitive Surgical’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.87 EPS. Equities analysts forecast that Intuitive Surgical, Inc. will post $23.92 earnings per share for the current year.
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In other Intuitive Surgical news, VP Jamie Samath sold 242 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $949.01, for a total transaction of $229,660.42. Following the sale, the vice president now owns 23 shares in the company, valued at approximately $21,827.23. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Mark J. Meltzer sold 500 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $1,025.00, for a total value of $512,500.00. Following the sale, the senior vice president now owns 2,796 shares in the company, valued at approximately $2,865,900. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,172 shares of company stock worth $21,923,487. 2.20% of the stock is owned by insiders.
ISRG has been the topic of several research analyst reports. Zacks Investment Research raised Intuitive Surgical from a “hold” rating to a “buy” rating and set a $341.33 price objective on the stock in a report on Wednesday, May 31st. Leerink Swann reissued an “outperform” rating on shares of Intuitive Surgical in a report on Wednesday, July 5th. Barclays PLC raised their price objective on Intuitive Surgical from $290.00 to $333.33 and gave the company an “overweight” rating in a report on Friday, July 21st. They noted that the move was a valuation call. Morgan Stanley reissued an “overweight” rating and issued a $356.67 price objective (up from $316.67) on shares of Intuitive Surgical in a report on Tuesday, July 25th. Finally, Vetr raised Intuitive Surgical from a “hold” rating to a “buy” rating and set a $340.77 price objective on the stock in a report on Monday, August 28th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $366.12.
Intuitive Surgical Company 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.
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