Intuitive Surgical, Inc. (ISRG) Position Trimmed by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. decreased its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 30.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 509 shares of the medical equipment provider’s stock after selling 226 shares during the quarter. ZWJ Investment Counsel Inc. owned approximately 454.26% of Intuitive Surgical worth $532,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Alps Advisors Inc. increased its position in Intuitive Surgical by 0.3% during the second quarter. Alps Advisors Inc. now owns 647 shares of the medical equipment provider’s stock worth $605,000 after buying an additional 2 shares during the period. Chilton Investment Co. LLC increased its position in Intuitive Surgical by 0.4% during the second quarter. Chilton Investment Co. LLC now owns 502 shares of the medical equipment provider’s stock worth $470,000 after buying an additional 2 shares during the period. Wilbanks Smith & Thomas Asset Management LLC increased its position in Intuitive Surgical by 0.5% during the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 370 shares of the medical equipment provider’s stock worth $346,000 after buying an additional 2 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in Intuitive Surgical by 1.4% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 284 shares of the medical equipment provider’s stock worth $266,000 after buying an additional 4 shares during the period. Finally, Wetherby Asset Management Inc. increased its position in Intuitive Surgical by 1.4% during the second quarter. Wetherby Asset Management Inc. now owns 361 shares of the medical equipment provider’s stock worth $338,000 after buying an additional 5 shares during the period. Hedge funds and other institutional investors own 31.43% of the company’s stock.

Shares of Intuitive Surgical, Inc. (ISRG) traded down $1.23 during mid-day trading on Friday, reaching $388.77. The company had a trading volume of 58,907 shares, compared to its average volume of 971,419. Intuitive Surgical, Inc. has a 52-week low of $203.57 and a 52-week high of $393.51. The firm has a market capitalization of $43,960.83, a price-to-earnings ratio of 51.92, a PEG ratio of 5.49 and a beta of 0.47.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.78. Intuitive Surgical had a return on equity of 18.20% and a net margin of 30.16%. The firm had revenue of $806.10 million for the quarter, compared to analyst estimates of $753.25 million. During the same quarter in the prior year, the company posted $2.06 earnings per share. Intuitive Surgical’s quarterly revenue was up 18.0% on a year-over-year basis. research analysts expect that Intuitive Surgical, Inc. will post 7.85 EPS for the current year.

In other Intuitive Surgical news, SVP Mark J. Meltzer sold 500 shares of the business’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $1,025.00, for a total transaction of $512,500.00. Following the sale, the senior vice president now directly owns 2,796 shares in the company, valued at $2,865,900. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Marshall Mohr sold 6,000 shares of the business’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $372.22, for a total value of $2,233,320.00. Following the sale, the chief financial officer now owns 12,316 shares in the company, valued at $4,584,261.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,076 shares of company stock worth $15,208,381. 2.20% of the stock is owned by company insiders.

TRADEMARK VIOLATION WARNING: “Intuitive Surgical, Inc. (ISRG) Position Trimmed by ZWJ Investment Counsel Inc.” was posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this piece can be accessed at https://sportsperspectives.com/2017/11/10/intuitive-surgical-inc-isrg-position-trimmed-by-zwj-investment-counsel-inc.html.

Several research analysts have commented on ISRG shares. Royal Bank Of Canada lifted their price target on Intuitive Surgical from $88.89 to $105.56 and gave the stock a “sector perform” rating in a research report on Tuesday, July 18th. Vetr lowered Intuitive Surgical from a “buy” rating to a “hold” rating and set a $112.28 price target on the stock. in a research report on Thursday, July 20th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $116.67 price target on shares of Intuitive Surgical in a research report on Friday, July 21st. Barclays PLC lifted their price target on Intuitive Surgical from $96.67 to $111.11 and gave the stock an “overweight” rating in a research report on Friday, July 21st. They noted that the move was a valuation call. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $116.67 price target on shares of Intuitive Surgical in a research report on Friday, July 21st. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Intuitive Surgical presently has a consensus rating of “Buy” and an average target price of $154.72.

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.

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