Columbia Partners L L C Investment Management raised its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 3.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 932 shares of the medical equipment provider’s stock after purchasing an additional 34 shares during the period. Columbia Partners L L C Investment Management’s holdings in Intuitive Surgical were worth $871,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Guardian Life Insurance Co. of America increased its position in Intuitive Surgical by 2.2% during the 1st quarter. Guardian Life Insurance Co. of America now owns 142 shares of the medical equipment provider’s stock valued at $109,000 after purchasing an additional 3 shares during the period. D. Scott Neal Inc. purchased a new position in Intuitive Surgical during the 2nd quarter valued at about $120,000. Harvest Fund Management Co. Ltd purchased a new position in Intuitive Surgical during the 2nd quarter valued at about $120,000. Parallel Advisors LLC increased its position in Intuitive Surgical by 10.1% during the 1st quarter. Parallel Advisors LLC now owns 153 shares of the medical equipment provider’s stock valued at $129,000 after purchasing an additional 14 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new position in Intuitive Surgical during the 1st quarter valued at about $190,000. 94.23% of the stock is currently owned by institutional investors and hedge funds.
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A number of research firms have commented on ISRG. Vetr downgraded shares of Intuitive Surgical from a “buy” rating to a “hold” rating and set a $335.50 target price on the stock. in a research report on Wednesday, August 16th. BidaskClub downgraded shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Barclays PLC raised their target price on shares of Intuitive Surgical from $290.00 to $333.33 and gave the company an “overweight” rating in a research report on Friday, July 21st. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. Finally, Canaccord Genuity reissued a “hold” rating and set a $290.00 target price on shares of Intuitive Surgical in a research report on Tuesday, July 11th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $366.12.
In other Intuitive Surgical news, Director Michael A. Friedman sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $945.60, for a total value of $945,600.00. Following the transaction, the director now directly owns 977 shares in the company, valued at $923,851.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary S. Guthart sold 17,975 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $937.27, for a total transaction of $16,847,428.25. Following the completion of the transaction, the chief executive officer now owns 101,798 shares in the company, valued at $95,412,211.46. The disclosure for this sale can be found here. Insiders sold 23,172 shares of company stock worth $21,923,487 over the last quarter. 2.20% of the stock is currently owned by insiders.
Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at 1046.37 on Thursday. The stock has a market cap of $38.87 billion, a P/E ratio of 50.12 and a beta of 0.38. Intuitive Surgical, Inc. has a 52-week low of $610.71 and a 52-week high of $1,054.77. The firm’s 50-day moving average is $990.40 and its 200 day moving average is $891.23. Intuitive Surgical shares are scheduled to split before the market opens 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 quarterly earnings results on Thursday, July 20th. The medical equipment provider reported $1.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.05. The company had revenue of $756.20 million for the quarter, compared to analyst estimates of $724.51 million. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The firm’s revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.87 earnings per share. Analysts forecast that Intuitive Surgical, Inc. will post $23.92 earnings per share for the current fiscal year.
About Intuitive Surgical
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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