Toronto Dominion Bank lifted its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 13.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,126 shares of the medical equipment provider’s stock after acquiring an additional 1,623 shares during the period. Toronto Dominion Bank’s holdings in Intuitive Surgical were worth $14,772,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ISRG. Dimensional Fund Advisors LP increased its position in Intuitive Surgical by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 64,691 shares of the medical equipment provider’s stock valued at $49,583,000 after buying an additional 735 shares in the last quarter. Eqis Capital Management Inc. purchased a new stake in Intuitive Surgical during the 2nd quarter valued at about $326,000. Main Street Research LLC purchased a new stake in Intuitive Surgical during the 2nd quarter valued at about $218,000. Aperio Group LLC grew its stake in Intuitive Surgical by 12.1% during the 2nd quarter. Aperio Group LLC now owns 20,962 shares of the medical equipment provider’s stock valued at $19,607,000 after purchasing an additional 2,266 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Intuitive Surgical by 196.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,938 shares of the medical equipment provider’s stock valued at $4,619,000 after purchasing an additional 3,273 shares during the last quarter. 31.30% of the stock is owned by hedge funds and other institutional investors.
ISRG has been the topic of several research analyst reports. Wedbush reiterated a “buy” rating on shares of Intuitive Surgical in a research note on Tuesday, October 10th. Barclays PLC reiterated an “overweight” rating on shares of Intuitive Surgical in a research note on Friday, October 20th. Morgan Stanley reiterated an “overweight” rating and set a $118.89 price target (up previously from $105.56) on shares of Intuitive Surgical in a research note on Tuesday, July 25th. Vetr upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and set a $113.59 target price on the stock in a research note on Monday, August 28th. Finally, Zacks Investment Research upgraded Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $118.56 target price on the stock in a research note on Tuesday, July 25th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Intuitive Surgical presently has a consensus rating of “Buy” and an average target price of $155.78.
In related news, SVP Mark J. Meltzer sold 500 shares of Intuitive Surgical stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $982.90, for a total value of $491,450.00. Following the completion of the transaction, the senior vice president now directly owns 2,796 shares in the company, valued at $2,748,188.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Marshall Mohr sold 6,000 shares of Intuitive Surgical stock in a transaction on Monday, October 30th. The shares were sold at an average price of $372.22, for a total value of $2,233,320.00. Following the completion of the transaction, the chief financial officer now owns 12,316 shares of the company’s stock, valued at $4,584,261.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,076 shares of company stock valued at $15,208,381. Company insiders own 2.20% of the company’s stock.
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Shares of Intuitive Surgical, Inc. (NASDAQ ISRG) traded up $2.97 during trading on Tuesday, reaching $392.12. The company had a trading volume of 846,000 shares, compared to its average volume of 973,879. Intuitive Surgical, Inc. has a 52 week low of $203.57 and a 52 week high of $393.51. The stock has a market capitalization of $43,980.00, a price-to-earnings ratio of 51.50, a price-to-earnings-growth ratio of 5.44 and a beta of 0.46.
Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Thursday, October 19th. The medical equipment provider reported $2.77 EPS for the quarter, topping the consensus estimate of $1.99 by $0.78. Intuitive Surgical had a return on equity of 18.20% and a net margin of 30.16%. The business had revenue of $806.10 million during the quarter, compared to analyst estimates of $753.25 million. During the same period last year, the business posted $2.06 earnings per share. The company’s quarterly revenue was up 18.0% on a year-over-year basis. equities research analysts expect that Intuitive Surgical, Inc. will post 7.85 EPS for the current year.
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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