O Shaughnessy Asset Management LLC lessened its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 28.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,562 shares of the medical equipment provider’s stock after selling 7,464 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Intuitive Surgical were worth $10,655,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. CENTRAL TRUST Co boosted its holdings in Intuitive Surgical by 26.4% in the 3rd quarter. CENTRAL TRUST Co now owns 460 shares of the medical equipment provider’s stock valued at $264,000 after purchasing an additional 96 shares in the last quarter. Signition LP purchased a new stake in Intuitive Surgical in the 2nd quarter valued at approximately $240,000. United Capital Management of KS Inc. purchased a new stake in Intuitive Surgical in the 3rd quarter valued at approximately $205,000. Toronto Dominion Bank boosted its holdings in Intuitive Surgical by 20.2% in the 2nd quarter. Toronto Dominion Bank now owns 72,733 shares of the medical equipment provider’s stock valued at $34,794,000 after purchasing an additional 12,216 shares in the last quarter. Finally, Summit Global Investments purchased a new stake in Intuitive Surgical in the 2nd quarter valued at approximately $8,442,000. Hedge funds and other institutional investors own 84.16% of the company’s stock.
ISRG stock opened at $532.56 on Friday. Intuitive Surgical, Inc. has a 1 year low of $359.75 and a 1 year high of $581.12. The company has a market capitalization of $62.32 billion, a P/E ratio of 61.31, a P/E/G ratio of 3.66 and a beta of 1.02.
Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, October 18th. The medical equipment provider reported $2.83 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $920.90 million for the quarter, compared to analyst estimates of $916.22 million. During the same quarter in the prior year, the company earned $2.77 EPS. Intuitive Surgical’s revenue was up 14.0% on a year-over-year basis. As a group, equities analysts forecast that Intuitive Surgical, Inc. will post 9.52 earnings per share for the current year.
ISRG has been the topic of several research analyst reports. Cantor Fitzgerald reissued a “buy” rating and set a $620.00 price target on shares of Intuitive Surgical in a research note on Friday, October 19th. Piper Jaffray Companies boosted their price target on Intuitive Surgical from $613.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 31st. JPMorgan Chase & Co. reissued an “overweight” rating and set a $575.00 price target on shares of Intuitive Surgical in a research note on Friday, July 20th. Royal Bank of Canada set a $550.00 price target on Intuitive Surgical and gave the stock a “hold” rating in a research note on Friday, July 20th. Finally, Stifel Nicolaus boosted their price target on Intuitive Surgical from $515.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, July 20th. 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’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $554.64.
In related news, VP Marshall Mohr sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $525.00, for a total value of $3,937,500.00. Following the sale, the vice president now owns 17,321 shares of the company’s stock, valued at approximately $9,093,525. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Lonnie M. Smith sold 225 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $540.04, for a total value of $121,509.00. Following the completion of the sale, the director now directly owns 379,175 shares in the company, valued at approximately $204,769,667. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,311 shares of company stock worth $24,144,846. 2.20% of the stock is owned by corporate insiders.
ILLEGAL ACTIVITY NOTICE: “O Shaughnessy Asset Management LLC Sells 7,464 Shares of Intuitive Surgical, Inc. (ISRG)” was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://www.americanbankingnews.com/2018/11/10/o-shaughnessy-asset-management-llc-sells-7464-shares-of-intuitive-surgical-inc-isrg.html.
About Intuitive Surgical
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.
Recommended Story: Outstanding Shares and The Effect on Share Price
Receive News & Ratings for Intuitive Surgical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuitive Surgical and related companies with MarketBeat.com's FREE daily email newsletter.