First Trust Advisors LP raised its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 31.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 115,987 shares of the medical equipment provider’s stock after acquiring an additional 27,716 shares during the quarter. First Trust Advisors LP owned 0.10% of Intuitive Surgical worth $55,548,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Oregon Public Employees Retirement Fund boosted its position in shares of Intuitive Surgical by 31,963.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,679,377 shares of the medical equipment provider’s stock valued at $31,000 after acquiring an additional 14,633,595 shares during the period. Vanguard Group Inc increased its stake in shares of Intuitive Surgical by 0.4% in the third quarter. Vanguard Group Inc now owns 8,313,421 shares of the medical equipment provider’s stock valued at $4,771,903,000 after buying an additional 29,260 shares in the last quarter. BlackRock Inc. increased its stake in shares of Intuitive Surgical by 2.0% in the third quarter. BlackRock Inc. now owns 7,758,427 shares of the medical equipment provider’s stock valued at $4,453,337,000 after buying an additional 149,491 shares in the last quarter. Capital World Investors increased its stake in shares of Intuitive Surgical by 6.8% in the third quarter. Capital World Investors now owns 2,942,531 shares of the medical equipment provider’s stock valued at $1,689,013,000 after buying an additional 188,476 shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of Intuitive Surgical by 119.5% in the third quarter. Morgan Stanley now owns 2,856,195 shares of the medical equipment provider’s stock valued at $1,639,456,000 after buying an additional 1,554,896 shares in the last quarter. 84.75% of the stock is owned by institutional investors.
In other Intuitive Surgical news, COO Salvatore Brogna sold 2,090 shares of Intuitive Surgical stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $541.88, for a total transaction of $1,132,529.20. Following the completion of the sale, the chief operating officer now owns 2,049 shares of the company’s stock, valued at $1,110,312.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Curet Myriam sold 1,410 shares of Intuitive Surgical stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $546.56, for a total value of $770,649.60. Following the sale, the executive vice president now directly owns 2,417 shares of the company’s stock, valued at approximately $1,321,035.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 70,386 shares of company stock valued at $37,436,871. Corporate insiders own 2.20% of the company’s stock.
Shares of NASDAQ:ISRG opened at $549.87 on Friday. Intuitive Surgical, Inc. has a 52-week low of $393.57 and a 52-week high of $581.12. The company has a market capitalization of $62.93 billion, a price-to-earnings ratio of 57.94, a PEG ratio of 4.16 and a beta of 1.12.
Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Thursday, January 24th. The medical equipment provider reported $2.96 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.07 by ($0.11). The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. Intuitive Surgical had a net margin of 30.29% and a return on equity of 18.11%. Intuitive Surgical’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.54 EPS. On average, equities analysts expect that Intuitive Surgical, Inc. will post 10.07 EPS for the current year.
A number of analysts have recently weighed in on the company. Zacks Investment Research lowered Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. ValuEngine lowered Intuitive Surgical from a “hold” rating to a “sell” rating in a research report on Friday, December 7th. UBS Group started coverage on Intuitive Surgical in a research report on Tuesday, November 27th. They issued a “neutral” rating and a $540.00 price objective for the company. Citigroup lowered their price objective on Intuitive Surgical from $606.00 to $601.00 and set a “buy” rating for the company in a research report on Thursday, November 29th. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $620.00 price objective on shares of Intuitive Surgical in a research report on Friday, January 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the stock. Intuitive Surgical currently has an average rating of “Buy” and a consensus price target of $566.40.
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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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