Caldwell & Orkin Inc. bought a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 255 shares of the medical equipment provider’s stock, valued at approximately $267,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ETF Managers Group LLC bought a new stake in shares of Intuitive Surgical in the 2nd quarter valued at about $110,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Intuitive Surgical in the 2nd quarter valued at about $120,000. Parallel Advisors LLC lifted its stake in shares of Intuitive Surgical by 3.9% in the 2nd quarter. Parallel Advisors LLC now owns 159 shares of the medical equipment provider’s stock valued at $149,000 after acquiring an additional 6 shares during the last quarter. Lincoln National Corp bought a new stake in shares of Intuitive Surgical in the 3rd quarter valued at about $200,000. Finally, Advisors Capital Management LLC bought a new stake in shares of Intuitive Surgical in the 3rd quarter valued at about $209,000. 31.30% of the stock is owned by institutional investors.
In other news, SVP Mark J. Meltzer sold 500 shares of the stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $982.90, for a total transaction of $491,450.00. Following the transaction, the senior vice president now directly owns 2,796 shares of the company’s stock, valued at approximately $2,748,188.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jamie Samath sold 1,564 shares of the stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $371.19, for a total value of $580,541.16. The disclosure for this sale can be found here. Insiders sold a total of 36,656 shares of company stock worth $15,432,702 over the last ninety days. 2.20% of the stock is currently owned by insiders.
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Intuitive Surgical, Inc. (ISRG) traded up $4.45 during mid-day trading on Thursday, reaching $394.15. The company had a trading volume of 301,890 shares, compared to its average volume of 970,296. The company has a market cap of $43,970.00, a PE ratio of 51.74, a PEG ratio of 5.43 and a beta of 0.46. Intuitive Surgical, Inc. has a fifty-two week low of $203.57 and a fifty-two week high of $393.51.
Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.78. The business had revenue of $806.10 million for the quarter, compared to analysts’ expectations of $753.25 million. Intuitive Surgical had a return on equity of 18.20% and a net margin of 30.16%. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.06 EPS. research analysts forecast that Intuitive Surgical, Inc. will post 7.85 EPS for the current fiscal year.
Intuitive Surgical Company Profile
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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