MML Investors Services LLC lifted its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 322.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,939 shares of the medical equipment provider’s stock after purchasing an additional 2,243 shares during the quarter. MML Investors Services LLC’s holdings in Intuitive Surgical were worth $1,073,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Intuitive Surgical in the fourth quarter valued at $18,836,000. AXA raised its stake in shares of Intuitive Surgical by 271.9% in the fourth quarter. AXA now owns 270,985 shares of the medical equipment provider’s stock valued at $98,893,000 after purchasing an additional 198,125 shares in the last quarter. Douglass Winthrop Advisors LLC raised its stake in shares of Intuitive Surgical by 200.0% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 1,500 shares of the medical equipment provider’s stock valued at $547,000 after purchasing an additional 1,000 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of 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 valued at $617,831,000 after purchasing an additional 1,078,675 shares in the last quarter. Finally, Bluestein R H & Co. raised its stake in shares of Intuitive Surgical by 181.0% in the fourth quarter. Bluestein R H & Co. now owns 2,953 shares of the medical equipment provider’s stock valued at $1,078,000 after purchasing an additional 1,902 shares in the last quarter. Institutional investors and hedge funds own 87.85% of the company’s stock.
A number of research analysts recently commented on the company. BidaskClub upgraded Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 11th. Barclays reiterated an “overweight” rating and set a $465.00 price objective on shares of Intuitive Surgical in a research note on Thursday, January 11th. Citigroup dropped their price objective on Intuitive Surgical to $507.00 and set a “buy” rating for the company in a research note on Tuesday, February 6th. Cantor Fitzgerald reiterated a “buy” rating and set a $490.00 price objective on shares of Intuitive Surgical in a research note on Friday, January 26th. Finally, Vetr upgraded Intuitive Surgical from a “buy” rating to a “strong-buy” rating and set a $443.17 price objective for the company in a research note on Thursday, February 8th. One equities 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 assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $408.76.
Shares of 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 firm has a market capitalization of $49,628.61, a price-to-earnings ratio of 55.85, a PEG ratio of 5.23 and a beta of 0.51.
Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, January 25th. The medical equipment provider reported $2.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.27 by $0.27. Intuitive Surgical had a return on equity of 19.93% and a net margin of 21.09%. The company had revenue of $892.40 million during the quarter, compared to analyst estimates of $866.54 million. During the same period last year, the company posted $2.03 earnings per share. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. equities research analysts forecast that Intuitive Surgical, Inc. will post 7.85 EPS for the current fiscal year.
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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.
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