Macquarie Group Ltd. lessened its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 4.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,051 shares of the medical equipment provider’s stock after selling 600 shares during the period. Macquarie Group Ltd.’s holdings in Intuitive Surgical were worth $14,696,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. ETF Managers Group LLC acquired a new stake in shares of Intuitive Surgical in the 2nd quarter worth about $110,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Intuitive Surgical in the 2nd quarter worth about $120,000. Parallel Advisors LLC increased its holdings in shares of Intuitive Surgical by 3.9% in the 2nd quarter. Parallel Advisors LLC now owns 159 shares of the medical equipment provider’s stock worth $149,000 after acquiring an additional 6 shares during the period. Lincoln National Corp acquired a new stake in shares of Intuitive Surgical in the 3rd quarter worth about $200,000. Finally, Advisors Capital Management LLC acquired a new stake in shares of Intuitive Surgical in the 3rd quarter worth about $209,000. 32.95% of the stock is currently owned by institutional investors and hedge funds.
In other news, SVP Curet Myriam sold 262 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $373.00, for a total transaction of $97,726.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jamie Samath sold 1,564 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $371.19, for a total transaction of $580,541.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,156 shares of company stock valued at $17,324,092. Insiders own 2.20% of the company’s stock.
Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at $398.15 on Monday. Intuitive Surgical, Inc. has a 52 week low of $203.57 and a 52 week high of $400.00. The company has a market cap of $44,611.91, a PE ratio of 52.69, a price-to-earnings-growth ratio of 5.53 and a beta of 0.47.
Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.78. Intuitive Surgical had a net margin of 30.16% and a return on equity of 18.20%. The company had revenue of $806.10 million during the quarter, compared to analyst estimates of $753.25 million. During the same quarter last year, the firm posted $2.06 EPS. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. research analysts anticipate that Intuitive Surgical, Inc. will post 7.85 earnings per share for the current year.
Several equities analysts have commented on ISRG shares. Wedbush reissued a “buy” rating on shares of Intuitive Surgical in a research note on Tuesday, October 10th. Barclays PLC reissued an “overweight” rating on shares of Intuitive Surgical in a research note on Friday, October 20th. Zacks Investment Research cut shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Vetr raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $113.59 target price on the stock in a research note on Monday, August 28th. Finally, BidaskClub cut shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Intuitive Surgical presently has a consensus rating of “Buy” and a consensus target price of $155.78.
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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