Sand Hill Global Advisors LLC continued to hold its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 534 shares of the medical equipment provider’s stock at the close of the 2nd quarter. Sand Hill Global Advisors LLC’s holdings in Intuitive Surgical were worth $499,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Guardian Life Insurance Co. of America raised its position in Intuitive Surgical by 2.2% during the first quarter. Guardian Life Insurance Co. of America now owns 142 shares of the medical equipment provider’s stock worth $109,000 after acquiring an additional 3 shares in the last quarter. D. Scott Neal Inc. bought a new stake in Intuitive Surgical during the second quarter worth $120,000. Parallel Advisors LLC raised its position in Intuitive Surgical by 10.1% during the first quarter. Parallel Advisors LLC now owns 153 shares of the medical equipment provider’s stock worth $129,000 after acquiring an additional 14 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Intuitive Surgical in the first quarter valued at about $190,000. Finally, Aureus Asset Management LLC bought a new position in shares of Intuitive Surgical in the first quarter valued at about $205,000. 94.23% of the stock is currently owned by hedge funds and other institutional investors.
In related news, SVP Curet Myriam sold 1,202 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $950.20, for a total value of $1,142,140.40. Following the transaction, the senior vice president now directly owns 1,428 shares in the company, valued at $1,356,885.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Jamie Samath sold 242 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $949.01, for a total transaction of $229,660.42. Following the completion of the transaction, the vice president now owns 23 shares in the company, valued at $21,827.23. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,172 shares of company stock worth $21,923,487. Company insiders own 2.20% of the company’s stock.
Shares of Intuitive Surgical, Inc. (NASDAQ ISRG) opened at 1031.52 on Friday. The firm has a market capitalization of $38.32 billion, a P/E ratio of 49.41 and a beta of 0.38. Intuitive Surgical, Inc. has a 52 week low of $610.71 and a 52 week high of $1,054.77. The firm’s 50-day moving average is $990.40 and its 200-day moving average is $891.23. Intuitive Surgical shares are set to split on the morning of Friday, October 6th. The 3-1 split was announced on Friday, August 11th. The newly created shares will be payable to shareholders after the market closes on Thursday, October 5th.
Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results on Thursday, July 20th. The medical equipment provider reported $1.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.05. Intuitive Surgical had a return on equity of 15.99% and a net margin of 28.44%. The firm had revenue of $756.20 million for the quarter, compared to analysts’ expectations of $724.51 million. During the same period in the prior year, the business posted $1.87 earnings per share. The company’s revenue was up 12.8% on a year-over-year basis. Equities analysts anticipate that Intuitive Surgical, Inc. will post $23.92 EPS for the current year.
Several equities analysts have recently weighed in on ISRG shares. Canaccord Genuity lowered shares of Intuitive Surgical from a “buy” rating to a “hold” rating and set a $290.00 price objective on the stock. in a research report on Tuesday, May 30th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Tuesday, May 30th. Bank of America Corporation reissued a “buy” rating and issued a $333.33 price objective on shares of Intuitive Surgical in a research report on Thursday, June 1st. BidaskClub lowered shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, BTIG Research reissued a “hold” rating on shares of Intuitive Surgical in a research report on Thursday, June 15th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Intuitive Surgical presently has a consensus rating of “Buy” and an average price target of $366.12.
Intuitive Surgical Company Profile
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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