RiverPark Advisors LLC increased its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 200.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,968 shares of the medical equipment provider’s stock after buying an additional 5,312 shares during the period. RiverPark Advisors LLC’s holdings in Intuitive Surgical were worth $2,908,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in ISRG. Raymond James Financial Services Advisors Inc. raised its stake in Intuitive Surgical by 86.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 8,899 shares of the medical equipment provider’s stock valued at $9,307,000 after purchasing an additional 4,135 shares during the last quarter. Dupont Capital Management Corp acquired a new position in shares of Intuitive Surgical in the 3rd quarter valued at $251,000. FDx Advisors Inc. raised its stake in shares of Intuitive Surgical by 176.4% in the 3rd quarter. FDx Advisors Inc. now owns 5,714 shares of the medical equipment provider’s stock valued at $2,278,000 after buying an additional 3,647 shares in the last quarter. Sei Investments Co. raised its stake in shares of Intuitive Surgical by 15.9% in the 3rd quarter. Sei Investments Co. now owns 28,936 shares of the medical equipment provider’s stock valued at $30,265,000 after buying an additional 3,960 shares in the last quarter. Finally, Retirement Systems of Alabama raised its stake in shares of Intuitive Surgical by 1.3% in the 3rd quarter. Retirement Systems of Alabama now owns 18,089 shares of the medical equipment provider’s stock valued at $18,919,000 after buying an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 87.85% of the company’s stock.
In other Intuitive Surgical news, EVP Curet Myriam sold 262 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $431.50, for a total transaction of $113,053.00. Following the sale, the executive vice president now owns 2,152 shares of the company’s stock, valued at approximately $928,588. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Mark J. Meltzer sold 24,000 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $433.00, for a total transaction of $10,392,000.00. Following the sale, the senior vice president now directly owns 34,052 shares in the company, valued at approximately $14,744,516. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,770 shares of company stock worth $43,410,836. Insiders own 2.20% of the company’s stock.
Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, January 25th. The medical equipment provider reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.27. Intuitive Surgical had a net margin of 21.09% and a return on equity of 19.93%. The firm had revenue of $892.40 million for the quarter, compared to analyst estimates of $866.54 million. During the same quarter in the prior year, the firm earned $2.03 EPS. The company’s revenue was up 17.9% on a year-over-year basis. equities analysts anticipate that Intuitive Surgical, Inc. will post 7.85 earnings per share for the current year.
A number of equities analysts have recently issued reports on the stock. ValuEngine cut shares of Intuitive Surgical from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Vetr lowered shares of Intuitive Surgical from a “buy” rating to a “hold” rating and set a $447.93 target price on the stock. in a report on Tuesday, February 27th. BidaskClub raised shares of Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 21st. Citigroup lowered their target price on shares of Intuitive Surgical to $507.00 and set a “buy” rating on the stock in a report on Tuesday, February 6th. Finally, Morgan Stanley upped their target price on shares of Intuitive Surgical from $450.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $408.76.
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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.
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