Wetherby Asset Management Inc. decreased its stake 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 institutional investor owned 1,620 shares of the medical equipment provider’s stock after selling 64 shares during the period. Wetherby Asset Management Inc.’s holdings in Intuitive Surgical were worth $850,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in ISRG. Dimensional Fund Advisors LP increased its stake in Intuitive Surgical by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 192,383 shares of the medical equipment provider’s stock worth $92,131,000 after acquiring an additional 4,175 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Intuitive Surgical by 4.8% during the 4th quarter. Nordea Investment Management AB now owns 6,569 shares of the medical equipment provider’s stock valued at $3,146,000 after purchasing an additional 300 shares during the last quarter. Washington Trust Bank increased its position in shares of Intuitive Surgical by 192.3% during the 1st quarter. Washington Trust Bank now owns 114 shares of the medical equipment provider’s stock valued at $65,000 after purchasing an additional 75 shares during the last quarter. Huntington National Bank increased its position in shares of Intuitive Surgical by 40.1% during the 1st quarter. Huntington National Bank now owns 5,147 shares of the medical equipment provider’s stock valued at $2,936,000 after purchasing an additional 1,472 shares during the last quarter. Finally, We Are One Seven LLC increased its position in shares of Intuitive Surgical by 322.6% during the 1st quarter. We Are One Seven LLC now owns 1,086 shares of the medical equipment provider’s stock valued at $619,000 after purchasing an additional 829 shares during the last quarter. Institutional investors and hedge funds own 86.22% of the company’s stock.
In related news, Director Lonnie M. Smith sold 227 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $493.39, for a total transaction of $111,999.53. Following the completion of the sale, the director now directly owns 359,696 shares in the company, valued at approximately $177,470,409.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Salvatore Brogna sold 1,172 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $500.60, for a total value of $586,703.20. Following the sale, the chief operating officer now owns 5,933 shares of the company’s stock, valued at $2,970,059.80. The disclosure for this sale can be found here. Insiders have sold a total of 25,882 shares of company stock valued at $13,664,919 over the last 90 days. 1.70% of the stock is currently owned by company insiders.
ISRG stock traded down $3.20 during trading on Wednesday, hitting $500.57. 7,385 shares of the company traded hands, compared to its average volume of 653,311. The firm has a market capitalization of $57.83 billion, a price-to-earnings ratio of 52.75, a PEG ratio of 3.82 and a beta of 1.12. Intuitive Surgical, Inc. has a 1 year low of $430.24 and a 1 year high of $589.32. The stock has a 50-day moving average of $526.47.
Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Thursday, July 18th. The medical equipment provider reported $3.25 earnings per share for the quarter, beating the consensus estimate of $2.23 by $1.02. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Intuitive Surgical had a return on equity of 17.35% and a net margin of 29.95%. Intuitive Surgical’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.76 EPS. On average, equities analysts expect that Intuitive Surgical, Inc. will post 10.15 EPS for the current year.
Several equities analysts have recently commented on ISRG shares. BidaskClub upgraded Intuitive Surgical from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th. Northland Securities set a $375.00 price objective on Intuitive Surgical and gave the company a “sell” rating in a research report on Friday, July 19th. Raymond James reduced their price objective on Intuitive Surgical from $630.00 to $610.00 and set an “outperform” rating on the stock in a research report on Monday, April 22nd. Canaccord Genuity reiterated a “buy” rating and set a $610.00 price objective (up from $575.00) on shares of Intuitive Surgical in a research report on Friday, July 19th. Finally, BTIG Research reiterated a “hold” rating on shares of Intuitive Surgical in a research report on Sunday, April 21st. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $579.92.
Intuitive Surgical Profile
Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.
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