Gulf International Bank UK Ltd increased its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,394 shares of the medical equipment provider’s stock after purchasing an additional 59 shares during the period. Gulf International Bank UK Ltd’s holdings in Intuitive Surgical were worth $15,059,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund grew its stake in Intuitive Surgical by 31,963.6% during 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 in the last quarter. Stone House Investment Management LLC purchased a new position in shares of Intuitive Surgical in the 1st quarter worth $31,000. Laurel Wealth Advisors LLC purchased a new position in shares of Intuitive Surgical in the 4th quarter worth $32,000. Athena Capital Advisors LLC purchased a new position in shares of Intuitive Surgical in the 4th quarter worth $33,000. Finally, Financial Advantage Inc. purchased a new position in shares of Intuitive Surgical in the 4th quarter worth $36,000. Hedge funds and other institutional investors own 84.91% of the company’s stock.
In related news, EVP Curet Myriam sold 1,410 shares of Intuitive Surgical stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $546.56, for a total transaction of $770,649.60. Following the completion of the sale, the executive vice president now owns 2,417 shares in the company, valued at approximately $1,321,035.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Salvatore Brogna sold 2,090 shares of Intuitive Surgical stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $551.79, for a total transaction of $1,153,241.10. The disclosure for this sale can be found here. Insiders sold a total of 42,284 shares of company stock valued at $22,205,382 in the last 90 days. Company insiders own 1.70% of the company’s stock.
A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of Intuitive Surgical from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. Cantor Fitzgerald set a $620.00 price objective on shares of Intuitive Surgical and gave the stock a “buy” rating in a research note on Thursday, April 4th. Deutsche Bank assumed coverage on shares of Intuitive Surgical in a research note on Monday, April 1st. They issued a “buy” rating and a $630.00 price objective for the company. Raymond James lifted their price objective on shares of Intuitive Surgical from $600.00 to $630.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Finally, BidaskClub cut shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Intuitive Surgical currently has a consensus rating of “Buy” and a consensus target price of $576.17.
Shares of Intuitive Surgical stock traded up $6.05 during trading on Thursday, hitting $531.05. The stock had a trading volume of 939,024 shares, compared to its average volume of 687,870. The firm has a market capitalization of $61.84 billion, a PE ratio of 55.96, a price-to-earnings-growth ratio of 4.53 and a beta of 1.10. Intuitive Surgical, Inc. has a 12 month low of $429.04 and a 12 month high of $589.32.
Intuitive Surgical (NASDAQ:ISRG) last released its earnings results 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 firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. Intuitive Surgical had a return on equity of 18.11% and a net margin of 30.29%. Intuitive Surgical’s revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.54 EPS. Equities analysts forecast that Intuitive Surgical, Inc. will post 9.9 EPS for the current year.
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Intuitive Surgical Company 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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