Two Sigma Advisers LP trimmed its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 97.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,600 shares of the medical equipment provider’s stock after selling 51,787 shares during the period. Two Sigma Advisers LP’s holdings in Intuitive Surgical were worth $766,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund raised its position in shares of Intuitive Surgical by 31,963.6% in the 4th 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. BlackRock Inc. raised its position in shares of Intuitive Surgical by 7.3% in the 4th quarter. BlackRock Inc. now owns 8,327,815 shares of the medical equipment provider’s stock valued at $3,988,358,000 after acquiring an additional 569,388 shares during the period. Vanguard Group Inc raised its position in shares of Intuitive Surgical by 0.4% in the 3rd quarter. Vanguard Group Inc now owns 8,313,421 shares of the medical equipment provider’s stock valued at $4,771,903,000 after acquiring an additional 29,260 shares during the period. Morgan Stanley raised its position in shares of Intuitive Surgical by 119.5% in the 3rd quarter. Morgan Stanley now owns 2,856,195 shares of the medical equipment provider’s stock valued at $1,639,456,000 after acquiring an additional 1,554,896 shares during the period. Finally, Jennison Associates LLC raised its position in shares of Intuitive Surgical by 40.5% in the 4th quarter. Jennison Associates LLC now owns 1,949,684 shares of the medical equipment provider’s stock valued at $933,743,000 after acquiring an additional 562,441 shares during the period. Institutional investors and hedge funds own 84.91% of the company’s stock.
In other news, COO Salvatore Brogna sold 2,090 shares of Intuitive Surgical stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $551.79, for a total value of $1,153,241.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gary S. Guthart sold 28,152 shares of Intuitive Surgical stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $520.47, for a total transaction of $14,652,271.44. Following the completion of the sale, the chief executive officer now owns 379,452 shares in the company, valued at $197,493,382.44. The disclosure for this sale can be found here. Insiders sold 42,284 shares of company stock worth $22,205,382 over the last quarter. 1.70% of the stock is owned by corporate insiders.
NASDAQ ISRG opened at $561.43 on Wednesday. Intuitive Surgical, Inc. has a 12-month low of $420.01 and a 12-month high of $589.32. The company has a market capitalization of $66.54 billion, a PE ratio of 59.16, a price-to-earnings-growth ratio of 4.53 and a beta of 1.10.
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 Zacks’ consensus estimate of $3.07 by ($0.11). Intuitive Surgical had a net margin of 30.29% and a return on equity of 18.11%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the business earned $2.54 earnings per share. Intuitive Surgical’s revenue for the quarter was up 17.3% on a year-over-year basis. Sell-side analysts predict that Intuitive Surgical, Inc. will post 9.9 EPS for the current fiscal year.
ISRG has been the topic of several research analyst reports. Northland Securities restated a “sell” rating and set a $375.00 target price on shares of Intuitive Surgical in a report on Thursday, January 10th. Zacks Investment Research upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $540.00 target price on the stock in a report on Wednesday, December 19th. BidaskClub downgraded shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Royal Bank of Canada set a $560.00 target price on shares of Intuitive Surgical and gave the stock a “hold” rating in a report on Thursday, February 28th. Finally, Raymond James raised their target price on shares of Intuitive Surgical from $600.00 to $630.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company. Intuitive Surgical presently has a consensus rating of “Buy” and a consensus target price of $576.17.
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About Intuitive Surgical
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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