Quantamental Technologies LLC acquired a new position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 603 shares of the medical equipment provider’s stock, valued at approximately $289,000.
Several other institutional investors also recently made changes to their positions in the stock. Moody National Bank Trust Division acquired a new position in Intuitive Surgical during the fourth quarter worth approximately $38,000. Cornerstone Advisors Inc. grew its position in shares of Intuitive Surgical by 32.3% in the third quarter. Cornerstone Advisors Inc. now owns 123 shares of the medical equipment provider’s stock valued at $71,000 after purchasing an additional 30 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new position in shares of Intuitive Surgical in the fourth quarter valued at approximately $75,000. Arrow Financial Corp acquired a new position in shares of Intuitive Surgical in the third quarter valued at approximately $115,000. Finally, JNBA Financial Advisors acquired a new position in shares of Intuitive Surgical in the third quarter valued at approximately $115,000. 84.75% of the stock is owned by institutional investors and hedge funds.
In related news, COO Salvatore Brogna sold 2,090 shares of the firm’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $541.88, for a total value of $1,132,529.20. Following the transaction, the chief operating officer now owns 2,049 shares of the company’s stock, valued at approximately $1,110,312.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Jamie Samath sold 227 shares of the firm’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $541.86, for a total transaction of $123,002.22. Following the completion of the transaction, the vice president now directly owns 138 shares in the company, valued at approximately $74,776.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,386 shares of company stock valued at $37,436,871. 2.20% of the stock is currently owned by company insiders.
NASDAQ ISRG opened at $549.87 on Friday. The firm has a market capitalization of $62.76 billion, a P/E ratio of 57.94, a P/E/G ratio of 4.15 and a beta of 1.12. Intuitive Surgical, Inc. has a twelve month low of $393.57 and a twelve month high of $581.12.
Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, January 24th. The medical equipment provider reported $2.96 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.07 by ($0.11). The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. Intuitive Surgical had a return on equity of 18.11% and a net margin of 30.29%. The business’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.54 earnings per share. Equities analysts anticipate that Intuitive Surgical, Inc. will post 10.07 EPS for the current fiscal year.
Several equities analysts have recently commented on the company. Zacks Investment Research downgraded Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Thursday, December 6th. ValuEngine upgraded Intuitive Surgical from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. One research 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. The company presently has a consensus rating of “Buy” and a consensus price target of $566.40.
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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