Mission Wealth Management LP raised its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 200.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,558 shares of the medical equipment provider’s stock after purchasing an additional 6,372 shares during the quarter. Intuitive Surgical comprises 0.6% of Mission Wealth Management LP’s investment portfolio, making the stock its 29th biggest position. Mission Wealth Management LP’s holdings in Intuitive Surgical were worth $3,488,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of ISRG. BlackRock Inc. raised its stake in shares of Intuitive Surgical by 197.3% in the 4th quarter. BlackRock Inc. now owns 7,949,410 shares of the medical equipment provider’s stock valued at $2,901,058,000 after acquiring an additional 5,275,323 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Intuitive Surgical by 170.0% in the 4th quarter. Bank of New York Mellon Corp now owns 3,646,522 shares of the medical equipment provider’s stock valued at $1,330,761,000 after acquiring an additional 2,295,998 shares during the period. Edgewood Management LLC raised its stake in shares of Intuitive Surgical by 200.7% in the 3rd quarter. Edgewood Management LLC now owns 2,898,113 shares of the medical equipment provider’s stock valued at $1,010,359,000 after acquiring an additional 1,934,382 shares during the period. American Century Companies Inc. raised its stake in shares of Intuitive Surgical by 162.2% in the 4th quarter. American Century Companies Inc. now owns 1,426,348 shares of the medical equipment provider’s stock valued at $520,531,000 after acquiring an additional 882,255 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Intuitive Surgical by 240.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,001,564 shares of the medical equipment provider’s stock valued at $365,511,000 after acquiring an additional 707,582 shares during the period. Institutional investors own 61.59% of the company’s stock.
In other news, Director Mark J. Rubash sold 6,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $395.95, for a total value of $2,375,700.00. Following the completion of the transaction, the director now owns 5,453 shares in the company, valued at approximately $2,159,115.35. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Curet Myriam sold 262 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $431.50, for a total transaction of $113,053.00. Following the completion of the transaction, the executive vice president now owns 2,152 shares of the company’s stock, valued at approximately $928,588. The disclosure for this sale can be found here. In the last 90 days, insiders sold 79,016 shares of company stock valued at $32,750,186. Company insiders own 2.20% of the company’s stock.
Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Thursday, January 25th. The medical equipment provider reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.27. Intuitive Surgical had a net margin of 21.09% and a return on equity of 19.93%. The business had revenue of $892.40 million during the quarter, compared to analysts’ expectations of $866.54 million. During the same quarter in the prior year, the business posted $2.03 EPS. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. analysts anticipate that Intuitive Surgical, Inc. will post 7.93 EPS for the current year.
A number of research firms have recently issued reports on ISRG. BidaskClub downgraded shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 10th. Vetr raised shares of Intuitive Surgical from a “buy” rating to a “strong-buy” rating and set a $443.17 price target on the stock in a research note on Thursday, February 8th. Citigroup reduced their price target on shares of Intuitive Surgical to $507.00 and set a “buy” rating on the stock in a research note on Tuesday, February 6th. Morgan Stanley boosted their price target on shares of Intuitive Surgical from $450.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Finally, Zacks Investment Research downgraded shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $408.48.
COPYRIGHT VIOLATION WARNING: “Intuitive Surgical, Inc. (ISRG) Holdings Boosted by Mission Wealth Management LP” was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this story on another domain, it was stolen and republished in violation of United States & international copyright & trademark laws. The correct version of this story can be accessed at https://www.chaffeybreeze.com/2018/02/20/intuitive-surgical-inc-isrg-holdings-boosted-by-mission-wealth-management-lp.html.
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.
Want to see what other hedge funds are holding ISRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuitive Surgical, Inc. (NASDAQ:ISRG).
Receive News & Ratings for Intuitive Surgical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuitive Surgical and related companies with MarketBeat.com's FREE daily email newsletter.