Driehaus Capital Management LLC lifted its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 180.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,800 shares of the medical equipment provider’s stock after purchasing an additional 2,446 shares during the quarter. Driehaus Capital Management LLC’s holdings in Intuitive Surgical were worth $1,387,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. grew its position in Intuitive Surgical by 197.3% in the fourth quarter. BlackRock Inc. now owns 7,949,410 shares of the medical equipment provider’s stock worth $2,901,058,000 after acquiring an additional 5,275,323 shares in the last quarter. Bank of New York Mellon Corp grew its position in Intuitive Surgical by 170.0% in the fourth quarter. Bank of New York Mellon Corp now owns 3,646,522 shares of the medical equipment provider’s stock worth $1,330,761,000 after acquiring an additional 2,295,998 shares in the last quarter. Edgewood Management LLC grew its position in Intuitive Surgical by 200.7% in the third quarter. Edgewood Management LLC now owns 2,898,113 shares of the medical equipment provider’s stock worth $1,010,359,000 after acquiring an additional 1,934,382 shares in the last quarter. Alliancebernstein L.P. grew its position in Intuitive Surgical by 175.6% in the fourth quarter. Alliancebernstein L.P. now owns 1,692,967 shares of the medical equipment provider’s stock worth $617,831,000 after acquiring an additional 1,078,675 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Intuitive Surgical by 236.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,440,600 shares of the medical equipment provider’s stock worth $525,733,000 after acquiring an additional 1,012,000 shares in the last quarter. 87.85% of the stock is currently owned by hedge funds and other institutional investors.
ISRG has been the subject of several recent research reports. Zacks Investment Research upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and set a $436.00 price target for the company in a research report on Tuesday, November 14th. Goldman Sachs Group reiterated a “buy” rating on shares of Intuitive Surgical in a research report on Saturday, November 18th. BidaskClub lowered Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. ValuEngine lowered Intuitive Surgical from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Finally, Evercore ISI initiated coverage on Intuitive Surgical in a research report on Wednesday, January 3rd. They issued an “in-line” rating and a $380.00 price target for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $408.76.
Intuitive Surgical, Inc. (NASDAQ ISRG) opened at $440.22 on Wednesday. Intuitive Surgical, Inc. has a 12-month low of $242.81 and a 12-month high of $452.00. The stock has a market capitalization of $49,628.61, a P/E ratio of 55.85, a price-to-earnings-growth ratio of 5.23 and a beta of 0.51.
Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Thursday, January 25th. The medical equipment provider reported $2.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $866.54 million. During the same quarter in the previous year, the firm posted $2.03 earnings per share. The company’s revenue was up 17.9% on a year-over-year basis. analysts forecast that Intuitive Surgical, Inc. will post 7.85 earnings per share for the current fiscal year.
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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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