First Bank & Trust decreased its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 16.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,792 shares of the medical equipment provider’s stock after selling 365 shares during the period. First Bank & Trust’s holdings in Intuitive Surgical were worth $1,022,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its stake in shares of Intuitive Surgical by 31,963.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,679,377 shares of the medical equipment provider’s stock valued at $31,000 after acquiring an additional 14,633,595 shares during the last quarter. Morgan Stanley boosted its stake in shares of Intuitive Surgical by 119.5% during the third quarter. Morgan Stanley now owns 2,856,195 shares of the medical equipment provider’s stock valued at $1,639,456,000 after acquiring an additional 1,554,896 shares during the last quarter. Norges Bank acquired a new stake in shares of Intuitive Surgical during the fourth quarter valued at $524,111,000. BlackRock Inc. boosted its stake in shares of Intuitive Surgical by 7.3% during the fourth quarter. BlackRock Inc. now owns 8,327,815 shares of the medical equipment provider’s stock valued at $3,988,358,000 after acquiring an additional 569,388 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Intuitive Surgical by 40.5% during the fourth quarter. Jennison Associates LLC now owns 1,949,684 shares of the medical equipment provider’s stock valued at $933,743,000 after acquiring an additional 562,441 shares during the last quarter. 84.91% of the stock is currently owned by institutional investors.
ISRG has been the topic of several recent analyst reports. BidaskClub downgraded Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 30th. Cantor Fitzgerald reiterated a “buy” rating and set a $620.00 target price on shares of Intuitive Surgical in a research report on Friday, January 25th. Stifel Nicolaus reduced their target price on Intuitive Surgical from $600.00 to $570.00 and set a “buy” rating on the stock in a research report on Friday, January 25th. Citigroup reduced their target price on Intuitive Surgical from $601.00 to $560.00 and set a “buy” rating on the stock in a research report on Wednesday, January 2nd. Finally, Zacks Investment Research upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and set a $540.00 target price on the stock in a research report on Wednesday, December 19th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $576.17.
Shares of Intuitive Surgical stock traded down $2.80 during trading hours on Monday, reaching $580.05. The stock had a trading volume of 5,078 shares, compared to its average volume of 550,945. The company has a market cap of $67.44 billion, a price-to-earnings ratio of 61.38, a price-to-earnings-growth ratio of 4.59 and a beta of 1.10. Intuitive Surgical, Inc. has a 1 year low of $411.81 and a 1 year high of $589.32.
Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, January 24th. The medical equipment provider reported $2.96 EPS for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.11). The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Intuitive Surgical had a return on equity of 18.11% and a net margin of 30.29%. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.54 earnings per share. Analysts expect that Intuitive Surgical, Inc. will post 9.9 EPS for the current fiscal year.
In related news, VP Jamie Samath sold 458 shares of the firm’s stock in a transaction dated Tuesday, January 29th. The stock was sold at an average price of $500.03, for a total transaction of $229,013.74. Following the sale, the vice president now directly owns 198 shares in the company, valued at approximately $99,005.94. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Salvatore Brogna sold 2,090 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $551.79, for a total value of $1,153,241.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,284 shares of company stock worth $22,205,382. Company insiders own 1.70% of the company’s stock.
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Intuitive Surgical Company Profile
Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.
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