Trustmark National Bank Trust Department boosted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,669 shares of the medical equipment provider’s stock after buying an additional 20 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Intuitive Surgical were worth $2,496,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of ISRG. Guardian Life Insurance Co. of America grew its position in Intuitive Surgical by 2.2% in the first quarter. Guardian Life Insurance Co. of America now owns 142 shares of the medical equipment provider’s stock worth $109,000 after buying an additional 3 shares during the last quarter. D. Scott Neal Inc. acquired a new position in Intuitive Surgical in the second quarter worth approximately $120,000. Harvest Fund Management Co. Ltd acquired a new position in Intuitive Surgical in the second quarter worth approximately $120,000. Parallel Advisors LLC grew its position in Intuitive Surgical by 10.1% in the first quarter. Parallel Advisors LLC now owns 153 shares of the medical equipment provider’s stock worth $129,000 after buying an additional 14 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in Intuitive Surgical in the first quarter worth approximately $190,000. Hedge funds and other institutional investors own 94.23% of the company’s stock.
Several equities analysts have weighed in on ISRG shares. Bank of America Corporation reiterated a “buy” rating and set a $333.33 price objective on shares of Intuitive Surgical in a research report on Thursday, June 1st. Zacks Investment Research upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $341.33 price objective on the stock in a research report on Wednesday, May 31st. BidaskClub cut shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Stifel Nicolaus reiterated a “buy” rating and set a $366.67 price objective (up from $283.33) on shares of Intuitive Surgical in a research report on Saturday, July 22nd. Finally, Citigroup Inc. reiterated a “buy” rating and set a $359.33 price objective (up from $305.67) on shares of Intuitive Surgical in a research report on Monday, July 24th. 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 stock. The stock has an average rating of “Buy” and a consensus target price of $366.12.
Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) traded up 0.11% during midday trading on Tuesday, hitting $1047.43. 96,509 shares of the company’s stock were exchanged. The company has a 50-day moving average of $987.34 and a 200-day moving average of $889.05. Intuitive Surgical, Inc. has a 52 week low of $610.71 and a 52 week high of $1,054.77. The firm has a market cap of $38.91 billion, a price-to-earnings ratio of 50.17 and a beta of 0.38. Intuitive Surgical’s stock is set to split on Friday, October 6th. The 3-1 split was announced on Friday, August 11th. The newly minted shares will be payable to shareholders after the closing bell on Thursday, October 5th.
Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, July 20th. The medical equipment provider reported $1.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.05. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The company had revenue of $756.20 million during the quarter, compared to the consensus estimate of $724.51 million. During the same quarter in the prior year, the firm earned $1.87 earnings per share. The firm’s revenue was up 12.8% compared to the same quarter last year. Equities research analysts expect that Intuitive Surgical, Inc. will post $23.92 EPS for the current fiscal year.
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In related news, VP Jamie Samath sold 242 shares of the stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $949.01, for a total transaction of $229,660.42. Following the completion of the transaction, the vice president now owns 23 shares in the company, valued at $21,827.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Curet Myriam sold 1,202 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $950.20, for a total transaction of $1,142,140.40. Following the transaction, the senior vice president now owns 1,428 shares of the company’s stock, valued at approximately $1,356,885.60. The disclosure for this sale can be found here. Insiders have sold 23,172 shares of company stock valued at $21,923,487 in the last three months. 2.20% of the stock is owned by insiders.
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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