Victory Capital Management Inc. increased its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,295 shares of the medical equipment provider’s stock after buying an additional 430 shares during the quarter. Victory Capital Management Inc. owned 0.07% of Intuitive Surgical worth $44,942,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Arrow Financial Corp purchased a new position in shares of Intuitive Surgical during the third quarter valued at $115,000. JNBA Financial Advisors purchased a new position in shares of Intuitive Surgical during the third quarter valued at $115,000. Optimum Investment Advisors grew its holdings in shares of Intuitive Surgical by 189.9% during the third quarter. Optimum Investment Advisors now owns 229 shares of the medical equipment provider’s stock valued at $131,000 after buying an additional 150 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Intuitive Surgical in the third quarter valued at about $137,000. Finally, Adviser Investments LLC purchased a new position in Intuitive Surgical in the second quarter valued at about $115,000. Institutional investors and hedge funds own 84.16% of the company’s stock.
In other Intuitive Surgical news, EVP David J. Rosa sold 32,500 shares of the business’s stock in a transaction dated Tuesday, October 23rd. The stock was sold at an average price of $500.86, for a total value of $16,277,950.00. Following the completion of the sale, the executive vice president now owns 44,208 shares of the company’s stock, valued at $22,142,018.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Amal M. Johnson sold 1,000 shares of the business’s stock in a transaction dated Tuesday, October 23rd. The stock was sold at an average price of $500.00, for a total value of $500,000.00. Following the completion of the sale, the director now directly owns 9,874 shares of the company’s stock, valued at approximately $4,937,000. The disclosure for this sale can be found here. Insiders sold 47,311 shares of company stock valued at $24,144,846 in the last ninety days. Insiders own 2.20% of the company’s stock.
A number of brokerages have commented on ISRG. Stifel Nicolaus boosted their target price on Intuitive Surgical from $515.00 to $600.00 and gave the company a “buy” rating in a research note on Friday, July 20th. Royal Bank of Canada set a $550.00 target price on Intuitive Surgical and gave the company a “hold” rating in a research note on Friday, July 20th. BTIG Research restated a “hold” rating on shares of Intuitive Surgical in a research note on Sunday, July 22nd. Bank of America boosted their target price on Intuitive Surgical from $510.00 to $600.00 and gave the company a “buy” rating in a research note on Tuesday, July 17th. Finally, Piper Jaffray Companies boosted their target price on Intuitive Surgical from $613.00 to $625.00 and gave the company an “overweight” rating in a research note on Wednesday, October 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $554.64.
Shares of NASDAQ:ISRG opened at $532.56 on Friday. Intuitive Surgical, Inc. has a fifty-two week low of $359.75 and a fifty-two week high of $581.12. The stock has a market capitalization of $62.32 billion, a price-to-earnings ratio of 74.07, a P/E/G ratio of 3.66 and a beta of 1.02.
Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results on Thursday, October 18th. The medical equipment provider reported $2.83 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.17. Intuitive Surgical had a return on equity of 18.79% and a net margin of 22.31%. The company had revenue of $920.90 million during the quarter, compared to analysts’ expectations of $916.22 million. During the same quarter in the previous year, the firm earned $2.77 earnings per share. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. Sell-side analysts expect that Intuitive Surgical, Inc. will post 9.52 EPS for the current fiscal year.
Intuitive Surgical Company Profile
Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. The company's da Vinci surgical System translates a surgeon's natural 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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