Aberdeen Asset Management PLC UK reduced its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 4.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,750 shares of the medical equipment provider’s stock after selling 706 shares during the period. Aberdeen Asset Management PLC UK’s holdings in Intuitive Surgical were worth $15,667,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in ISRG. BlackRock Inc. raised its stake in shares of Intuitive Surgical by 2,770.9% in the first quarter. BlackRock Inc. now owns 2,846,621 shares of the medical equipment provider’s stock valued at $2,181,851,000 after acquiring an additional 2,747,465 shares in the last quarter. Edgewood Management LLC raised its stake in shares of Intuitive Surgical by 38.8% in the first quarter. Edgewood Management LLC now owns 919,617 shares of the medical equipment provider’s stock valued at $704,859,000 after acquiring an additional 257,165 shares in the last quarter. Waddell & Reed Financial Inc. raised its stake in shares of Intuitive Surgical by 77.3% in the first quarter. Waddell & Reed Financial Inc. now owns 417,863 shares of the medical equipment provider’s stock valued at $320,280,000 after acquiring an additional 182,139 shares in the last quarter. Old Mutual Global Investors UK Ltd. raised its stake in shares of Intuitive Surgical by 1,202,037.5% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 96,171 shares of the medical equipment provider’s stock valued at $89,955,000 after acquiring an additional 96,163 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Intuitive Surgical by 497.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 105,845 shares of the medical equipment provider’s stock valued at $81,127,000 after acquiring an additional 88,140 shares in the last quarter. Institutional investors and hedge funds own 94.23% of the company’s stock.
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ISRG has been the topic of several analyst reports. Bank of America Corporation reiterated a “buy” rating and issued a $333.33 price objective on shares of Intuitive Surgical in a research note on Thursday, June 1st. Zacks Investment Research upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and set a $341.33 price objective on the stock in a research note on Wednesday, May 31st. BidaskClub cut Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) initiated coverage on Intuitive Surgical in a research note on Tuesday, May 16th. They issued a “buy” rating and a $333.33 price objective on the stock. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $366.67 price objective (up from $283.33) on shares of Intuitive Surgical in a research note on Saturday, July 22nd. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Intuitive Surgical has a consensus rating of “Buy” and a consensus price target of $366.12.
Intuitive Surgical, Inc. (ISRG) opened at 1045.48 on Tuesday. The firm’s 50 day moving average price is $970.87 and its 200 day moving average price is $876.81. Intuitive Surgical, Inc. has a one year low of $610.71 and a one year high of $1,054.77. The stock has a market cap of $38.84 billion, a price-to-earnings ratio of 50.08 and a beta of 0.38. Shares of Intuitive Surgical are scheduled to split on the morning of Friday, October 6th. The 3-1 split was announced on Friday, August 11th. The newly minted shares will be payable to shareholders after the market closes on Thursday, October 5th.
Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Thursday, July 20th. The medical equipment provider reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.05. The business had revenue of $756.20 million for the quarter, compared to analyst estimates of $724.51 million. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.87 EPS. Equities analysts forecast that Intuitive Surgical, Inc. will post $23.92 earnings per share for the current year.
In related news, EVP Salvatore Brogna sold 899 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $1,001.90, for a total transaction of $900,708.10. Following the sale, the executive vice president now owns 570 shares in the company, valued at $571,083. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jamie Samath sold 242 shares of the stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $949.01, for a total transaction of $229,660.42. Following the sale, the vice president now owns 23 shares in the company, valued at approximately $21,827.23. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,172 shares of company stock worth $21,923,487. Company insiders own 2.20% of the company’s stock.
Intuitive Surgical Company Profile
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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