Tredje AP fonden boosted its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 19.7% during the first quarter, HoldingsChannel.com reports. The fund owned 8,405 shares of the medical equipment provider’s stock after buying an additional 1,384 shares during the quarter. Tredje AP fonden’s holdings in Intuitive Surgical were worth $3,476,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. TFG Advisers LLC bought a new position in Intuitive Surgical in the fourth quarter valued at approximately $25,000. Evolution Wealth Advisors LLC lifted its holdings in shares of Intuitive Surgical by 283.3% during the fourth quarter. Evolution Wealth Advisors LLC now owns 46 shares of the medical equipment provider’s stock worth $27,000 after purchasing an additional 34 shares during the period. Virtus ETF Advisers LLC acquired a new position in shares of Intuitive Surgical during the fourth quarter worth $31,000. Princeton Global Asset Management LLC acquired a new position in shares of Intuitive Surgical during the fourth quarter worth $36,000. Finally, 1776 Wealth LLC lifted its holdings in shares of Intuitive Surgical by 72.2% during the first quarter. 1776 Wealth LLC now owns 62 shares of the medical equipment provider’s stock worth $30,000 after purchasing an additional 26 shares during the period. 85.09% of the stock is currently owned by institutional investors and hedge funds.
ISRG traded up $16.85 during midday trading on Friday, hitting $562.80. The company had a trading volume of 550,232 shares, compared to its average volume of 603,355. Intuitive Surgical, Inc. has a 52 week low of $360.50 and a 52 week high of $619.00. The company has a market capitalization of $63.67 billion, a price-to-earnings ratio of 48.48, a PEG ratio of 12.33 and a beta of 0.91. The stock’s 50 day moving average price is $510.90 and its 200 day moving average price is $549.84.
Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, April 16th. The medical equipment provider reported $2.69 EPS for the quarter, topping the consensus estimate of $2.54 by $0.15. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.01 billion. Intuitive Surgical had a net margin of 30.11% and a return on equity of 17.40%. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.61 earnings per share. Sell-side analysts forecast that Intuitive Surgical, Inc. will post 6.78 EPS for the current fiscal year.
Several equities analysts recently issued reports on the stock. Goldman Sachs Group lowered shares of Intuitive Surgical from a “conviction-buy” rating to a “buy” rating in a report on Wednesday, April 1st. Raymond James dropped their target price on shares of Intuitive Surgical from $660.00 to $600.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. BTIG Research restated a “hold” rating on shares of Intuitive Surgical in a report on Friday, April 17th. Morgan Stanley dropped their target price on shares of Intuitive Surgical from $670.00 to $622.00 and set an “overweight” rating on the stock in a report on Friday, March 27th. Finally, ValuEngine upgraded shares of Intuitive Surgical from a “sell” rating to a “hold” rating in a report on Friday, March 13th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $572.50.
In other news, EVP Curet Myriam sold 3,000 shares of the business’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $503.76, for a total transaction of $1,511,280.00. Following the completion of the sale, the executive vice president now directly owns 3,816 shares of the company’s stock, valued at $1,922,348.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jamie Samath sold 286 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $550.00, for a total transaction of $157,300.00. Following the sale, the senior vice president now directly owns 315 shares of the company’s stock, valued at $173,250. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,034 shares of company stock valued at $7,381,613. 1.60% of the stock is currently owned by insiders.
Intuitive Surgical Company 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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