Intuitive Surgical, Inc. (ISRG) Stake Maintained by Cypress Capital Group

Cypress Capital Group held its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 285 shares of the medical equipment provider’s stock at the end of the second quarter. Cypress Capital Group’s holdings in Intuitive Surgical were worth $267,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in ISRG. Bellevue Group AG increased its stake in shares of Intuitive Surgical by 143.6% in the 1st quarter. Bellevue Group AG now owns 21,925 shares of the medical equipment provider’s stock valued at $16,805,000 after purchasing an additional 12,925 shares in the last quarter. WINTON GROUP Ltd increased its stake in Intuitive Surgical by 1,139.6% during the 1st quarter. WINTON GROUP Ltd now owns 19,932 shares of the medical equipment provider’s stock worth $14,447,000 after buying an additional 18,324 shares in the last quarter. Fayez Sarofim & Co increased its stake in Intuitive Surgical by 12.6% during the 1st quarter. Fayez Sarofim & Co now owns 51,481 shares of the medical equipment provider’s stock worth $39,459,000 after buying an additional 5,749 shares in the last quarter. Legal & General Group Plc increased its stake in Intuitive Surgical by 4.8% during the 1st quarter. Legal & General Group Plc now owns 196,239 shares of the medical equipment provider’s stock worth $150,415,000 after buying an additional 9,039 shares in the last quarter. Finally, Utah Retirement Systems increased its stake in Intuitive Surgical by 1.4% during the 1st quarter. Utah Retirement Systems now owns 7,027 shares of the medical equipment provider’s stock worth $5,386,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 94.23% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://sportsperspectives.com/2017/10/13/intuitive-surgical-inc-isrg-stake-maintained-by-cypress-capital-group.html.

Shares of Intuitive Surgical, Inc. (NASDAQ ISRG) traded up 0.41% on Friday, hitting $364.00. The stock had a trading volume of 181,164 shares. The stock has a market cap of $40.57 billion, a PE ratio of 52.31 and a beta of 0.39. The company’s 50 day moving average is $345.76 and its 200 day moving average is $309.03. Intuitive Surgical, Inc. has a one year low of $203.57 and a one year high of $1,094.55.

Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, July 20th. The medical equipment provider reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.02. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The firm had revenue of $756.20 million for the quarter, compared to analyst estimates of $724.51 million. During the same quarter last year, the business earned $0.62 earnings per share. Intuitive Surgical’s revenue was up 12.8% compared to the same quarter last year. Equities research analysts predict that Intuitive Surgical, Inc. will post $7.97 EPS for the current fiscal year.

ISRG has been the subject of several research reports. Morgan Stanley reiterated an “overweight” rating on shares of Intuitive Surgical in a research note on Tuesday, September 5th. Wedbush reiterated a “buy” rating on shares of Intuitive Surgical in a research note on Tuesday. Citigroup Inc. reiterated a “buy” rating and set a $119.78 price objective (up from $101.89) on shares of Intuitive Surgical in a research note on Monday, July 24th. Wells Fargo & Company reiterated an “outperform” rating and set a $116.67 price objective (up from $111.11) on shares of Intuitive Surgical in a research note on Wednesday, July 12th. Finally, Cantor Fitzgerald initiated coverage on Intuitive Surgical in a research note on Thursday, June 29th. They set a “neutral” rating and a $111.11 price objective for the company. Five investment 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 company’s stock. Intuitive Surgical has a consensus rating of “Buy” and an average price target of $137.11.

In other Intuitive Surgical news, SVP Mark J. Meltzer sold 500 shares of Intuitive Surgical stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $1,025.00, for a total value of $512,500.00. Following the transaction, the senior vice president now owns 2,796 shares in the company, valued at approximately $2,865,900. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Jamie Samath sold 242 shares of Intuitive Surgical stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $949.01, for a total transaction of $229,660.42. Following the completion of the transaction, 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 have sold 23,172 shares of company stock worth $21,923,487. 2.20% of the stock is owned by company insiders.

Intuitive Surgical 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.

Want to see what other hedge funds are holding ISRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuitive Surgical, Inc. (NASDAQ:ISRG).

Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

Receive News & Ratings for Intuitive Surgical Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuitive Surgical Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply