Olstein Capital Management L.P. grew its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 135.3% in the fourth quarter, HoldingsChannel reports. The firm owned 8,000 shares of the medical equipment provider’s stock after buying an additional 4,600 shares during the quarter. Olstein Capital Management L.P.’s holdings in Intuitive Surgical were worth $2,920,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of ISRG. Lord Abbett & CO. LLC increased its holdings in shares of Intuitive Surgical by 55.5% in the 2nd quarter. Lord Abbett & CO. LLC now owns 62,078 shares of the medical equipment provider’s stock worth $58,066,000 after purchasing an additional 22,152 shares in the last quarter. W. E. Donoghue & Co. LLC bought a new stake in shares of Intuitive Surgical in the 2nd quarter worth $2,306,000. Eqis Capital Management Inc. increased its holdings in shares of Intuitive Surgical by 17.2% in the 3rd quarter. Eqis Capital Management Inc. now owns 408 shares of the medical equipment provider’s stock worth $427,000 after purchasing an additional 60 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Intuitive Surgical in the 3rd quarter worth $2,524,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Intuitive Surgical by 152.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 43,496 shares of the medical equipment provider’s stock worth $45,491,000 after purchasing an additional 26,260 shares in the last quarter. 36.79% of the stock is owned by institutional investors and hedge funds.
A number of research firms have commented on ISRG. Cantor Fitzgerald reissued a “buy” rating and issued a $490.00 target price on shares of Intuitive Surgical in a report on Friday, January 26th. Zacks Investment Research lowered Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Piper Jaffray Companies reissued a “hold” rating on shares of Intuitive Surgical in a report on Friday, January 26th. Evercore ISI began coverage on Intuitive Surgical in a report on Wednesday, January 3rd. They issued an “in-line” rating and a $380.00 target price for the company. Finally, BidaskClub raised Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Intuitive Surgical has an average rating of “Buy” and an average price target of $408.48.
Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, January 25th. The medical equipment provider reported $2.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.27 by $0.27. Intuitive Surgical had a return on equity of 19.93% and a net margin of 21.09%. The company had revenue of $892.40 million during the quarter, compared to analyst estimates of $866.54 million. During the same quarter in the previous year, the company posted $2.03 earnings per share. Intuitive Surgical’s revenue was up 17.9% compared to the same quarter last year. equities analysts predict that Intuitive Surgical, Inc. will post 7.93 earnings per share for the current fiscal year.
In related news, EVP Curet Myriam sold 262 shares of Intuitive Surgical stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $431.50, for a total transaction of $113,053.00. Following the transaction, the executive vice president now directly owns 2,152 shares in the company, valued at $928,588. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark J. Meltzer sold 6,000 shares of Intuitive Surgical stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $397.14, for a total value of $2,382,840.00. Following the transaction, the senior vice president now owns 9,888 shares in the company, valued at $3,926,920.32. The disclosure for this sale can be found here. Insiders sold 85,016 shares of company stock valued at $35,133,026 in the last ninety days. 2.20% of the stock is currently owned by corporate insiders.
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.
Want to see what other hedge funds are holding ISRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuitive Surgical, Inc. (NASDAQ:ISRG).
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.