National Pension Service boosted its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 10.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,659 shares of the medical equipment provider’s stock after buying an additional 3,147 shares during the period. National Pension Service owned 0.09% of Intuitive Surgical worth $30,389,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of ISRG. Guardian Life Insurance Co. of America raised its position in shares of 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. Acropolis Investment Management LLC purchased a new position in shares of Intuitive Surgical during the first quarter worth $115,000. Parallel Advisors LLC raised its position in shares of 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. Huntington National Bank increased its position in shares of Intuitive Surgical by 14.1% in the first quarter. Huntington National Bank now owns 170 shares of the medical equipment provider’s stock worth $130,000 after buying an additional 21 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Intuitive Surgical during the first quarter worth approximately $190,000. Hedge funds and other institutional investors own 96.84% of the company’s stock.
Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) traded down 0.24% during trading on Tuesday, reaching $934.38. 227,843 shares of the company traded hands. The firm’s 50 day moving average price is $941.54 and its 200-day moving average price is $823.83. The company has a market capitalization of $34.71 billion, a price-to-earnings ratio of 44.75 and a beta of 0.39. Intuitive Surgical, Inc. has a 52 week low of $610.71 and a 52 week high of $974.66.
Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, July 20th. The medical equipment provider reported $5.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.79 by $0.16. 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 period in the previous year, the firm earned $5.62 earnings per share. Intuitive Surgical’s revenue for the quarter was up 12.8% on a year-over-year basis. Equities analysts anticipate that Intuitive Surgical, Inc. will post $23.86 EPS for the current fiscal year.
ISRG has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $911.00 price target for the company in a report on Monday, April 24th. Barclays PLC reaffirmed a “buy” rating and issued a $830.00 price target (up previously from $800.00) on shares of Intuitive Surgical in a report on Wednesday, April 19th. Canaccord Genuity reaffirmed a “buy” rating and issued a $870.00 price target (up previously from $800.00) on shares of Intuitive Surgical in a report on Wednesday, April 19th. Stifel Nicolaus increased their price target on shares of Intuitive Surgical from $800.00 to $850.00 and gave the company a “buy” rating in a report on Wednesday, April 19th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $917.00 price objective (up previously from $820.00) on shares of Intuitive Surgical in a research note on Saturday, April 22nd. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently 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 business’s stock in a transaction on Thursday, July 27th. The shares were 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 $95,412,211.46. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Amal M. Johnson sold 1,000 shares of the business’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $917.27, for a total transaction of $917,270.00. Following the transaction, the director now directly owns 3,787 shares in the company, valued at $3,473,701.49. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,065 shares of company stock valued at $31,659,090. 2.50% of the stock is owned by insiders.
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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