Bessemer Group Inc. boosted its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 230.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 760 shares of the medical equipment provider’s stock after buying an additional 530 shares during the period. Bessemer Group Inc.’s holdings in Intuitive Surgical were worth $711,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the stock. Nisa Investment Advisors LLC increased its stake in Intuitive Surgical by 5.8% in the first quarter. Nisa Investment Advisors LLC now owns 10,990 shares of the medical equipment provider’s stock valued at $8,424,000 after buying an additional 602 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in Intuitive Surgical during the first quarter valued at $1,384,000. Huntington National Bank increased its stake in Intuitive Surgical by 14.1% in the first quarter. Huntington National Bank now owns 170 shares of the medical equipment provider’s stock valued at $130,000 after buying an additional 21 shares during the last quarter. Rothschild Investment Corp IL increased its stake in Intuitive Surgical by 1.8% in the first quarter. Rothschild Investment Corp IL now owns 1,660 shares of the medical equipment provider’s stock valued at $1,272,000 after buying an additional 30 shares during the last quarter. Finally, Cambridge Advisors Inc. purchased a new stake in Intuitive Surgical during the first quarter valued at $209,000. Institutional investors and hedge funds own 96.08% of the company’s stock.
Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at 973.10 on Friday. The company has a 50-day moving average price of $945.15 and a 200-day moving average price of $842.09. Intuitive Surgical, Inc. has a 12-month low of $610.71 and a 12-month high of $993.00. The firm has a market cap of $36.15 billion, a PE ratio of 46.61 and a beta of 0.39. Intuitive Surgical’s stock is set to split on the morning of Thursday, August 31st. The 3-1 split was announced on Friday, August 11th. The newly issued shares will be issued to shareholders after the market closes on Wednesday, August 30th.
Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Thursday, July 20th. The medical equipment provider reported $5.95 EPS for the quarter, beating the Zacks’ consensus estimate of $5.79 by $0.16. The firm had revenue of $756.20 million during the quarter, compared to the consensus estimate of $724.51 million. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the firm earned $5.62 earnings per share. On average, equities analysts predict that Intuitive Surgical, Inc. will post $23.92 earnings per share for the current year.
ISRG has been the topic of several research analyst reports. BTIG Research reiterated a “hold” rating on shares of Intuitive Surgical in a research note on Thursday, April 20th. Zacks Investment Research downgraded Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Thursday, April 20th. Citigroup Inc. reiterated a “buy” rating and set a $917.00 price target (up previously from $820.00) on shares of Intuitive Surgical in a research note on Saturday, April 22nd. Leerink Swann reiterated an “outperform” rating and set a $850.00 price target (up previously from $840.00) on shares of Intuitive Surgical in a research note on Saturday, April 22nd. Finally, Wedbush boosted their price target on Intuitive Surgical from $835.00 to $875.00 and gave the company an “outperform” rating in a research note on Monday, April 24th. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Intuitive Surgical has an average rating of “Buy” and a consensus price target of $980.61.
In related news, VP Jamie Samath sold 242 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $949.01, for a total value of $229,660.42. Following the completion of the sale, the vice president now owns 23 shares in the company, valued at $21,827.23. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Curet Myriam sold 1,202 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $950.20, for a total transaction of $1,142,140.40. Following the completion of the sale, the senior vice president now owns 1,428 shares of the company’s stock, valued at approximately $1,356,885.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,065 shares of company stock valued at $31,659,090. 2.50% of the stock is owned by insiders.
About Intuitive Surgical
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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