Bank of Nova Scotia boosted its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 2.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 878 shares of the medical equipment provider’s stock after buying an additional 22 shares during the period. Bank of Nova Scotia’s holdings in Intuitive Surgical were worth $673,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the company. Hutchens Investment Management Inc bought a new position in shares of Intuitive Surgical during the first quarter worth about $1,885,000. Point72 Asset Management L.P. boosted its position in shares of Intuitive Surgical by 7.5% in the first quarter. Point72 Asset Management L.P. now owns 34,600 shares of the medical equipment provider’s stock worth $26,520,000 after buying an additional 2,400 shares during the period. Salem Investment Counselors Inc. boosted its position in shares of Intuitive Surgical by 15.6% in the first quarter. Salem Investment Counselors Inc. now owns 740 shares of the medical equipment provider’s stock worth $566,000 after buying an additional 100 shares during the period. Waddell & Reed Financial Inc. boosted its position in shares of Intuitive Surgical by 77.3% in the first quarter. Waddell & Reed Financial Inc. now owns 417,863 shares of the medical equipment provider’s stock worth $320,280,000 after buying an additional 182,139 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Intuitive Surgical by 34.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 402 shares of the medical equipment provider’s stock worth $308,000 after buying an additional 102 shares during the period. Hedge funds and other institutional investors own 96.71% of the company’s stock.
Shares of Intuitive Surgical, Inc. (NASDAQ ISRG) traded down 0.33% during mid-day trading on Friday, hitting $931.07. The company had a trading volume of 324,899 shares. The company has a market capitalization of $34.59 billion, a PE ratio of 44.60 and a beta of 0.39. The company’s 50-day moving average is $939.10 and its 200 day moving average is $821.45. Intuitive Surgical, Inc. has a one year low of $610.71 and a one year high of $974.66.
Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Thursday, July 20th. The medical equipment provider reported $5.95 earnings per share for the quarter, beating the consensus estimate of $5.79 by $0.16. The firm had revenue of $756.20 million for the quarter, compared to analysts’ expectations of $724.51 million. Intuitive Surgical had a return on equity of 15.99% and a net margin of 28.44%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.62 EPS. On average, equities research analysts forecast that Intuitive Surgical, Inc. will post $23.86 EPS for the current fiscal year.
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A number of equities analysts have issued reports on the company. Royal Bank Of Canada restated a “hold” rating and set a $1,000.00 target price on shares of Intuitive Surgical in a report on Friday, July 21st. Stifel Nicolaus lifted their price objective on Intuitive Surgical from $800.00 to $850.00 and gave the company a “buy” rating in a report on Wednesday, April 19th. Canaccord Genuity restated a “buy” rating and issued a $870.00 target price (up previously from $800.00) on shares of Intuitive Surgical in a research note on Wednesday, April 19th. Goldman Sachs Group, Inc. (The) began coverage on Intuitive Surgical in a research note on Tuesday, May 16th. They issued a “buy” rating and a $1,000.00 target price on the stock. Finally, Citigroup Inc. restated a “buy” rating and issued a $1,078.00 target price (up previously from $917.00) on shares of Intuitive Surgical in a research note on Monday, July 24th. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Intuitive Surgical presently has a consensus rating of “Buy” and a consensus target price of $980.03.
In other news, CEO Gary S. Guthart sold 17,975 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $937.27, for a total transaction of $16,847,428.25. Following the transaction, the chief executive officer now directly owns 101,798 shares of the company’s stock, valued at approximately $95,412,211.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $229,660.42. Following the transaction, the vice president now directly owns 23 shares in the company, valued at $21,827.23. The disclosure for this sale can be found here. Insiders have sold a total of 34,065 shares of company stock worth $31,659,090 over the last three months. Insiders own 2.50% of the company’s stock.
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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