Advisor Group Inc. boosted its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 460.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,076 shares of the medical equipment provider’s stock after purchasing an additional 7,458 shares during the quarter. Advisor Group Inc.’s holdings in Intuitive Surgical were worth $3,312,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. MUFG Americas Holdings Corp purchased a new stake in Intuitive Surgical in the third quarter valued at approximately $208,000. Capital Investment Counsel Inc acquired a new position in Intuitive Surgical during the third quarter valued at approximately $209,000. Coldstream Capital Management Inc. acquired a new position in Intuitive Surgical during the third quarter valued at approximately $214,000. Synovus Financial Corp acquired a new position in Intuitive Surgical during the third quarter valued at approximately $242,000. Finally, Dupont Capital Management Corp acquired a new position in Intuitive Surgical during the third quarter valued at approximately $251,000. Hedge funds and other institutional investors own 87.85% of the company’s stock.
In other news, SVP Mark J. Meltzer sold 24,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $433.00, for a total transaction of $10,392,000.00. Following the transaction, the senior vice president now directly owns 34,052 shares of the company’s stock, valued at $14,744,516. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark J. Rubash sold 1,000 shares of the business’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $420.01, for a total transaction of $420,010.00. Following the transaction, the director now directly owns 4,453 shares in the company, valued at $1,870,304.53. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,770 shares of company stock worth $43,410,836. Corporate insiders own 2.20% of the company’s stock.
Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, January 25th. The medical equipment provider reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.27. Intuitive Surgical had a net margin of 21.09% and a return on equity of 19.93%. The business had revenue of $892.40 million for the quarter, compared to analysts’ expectations of $866.54 million. During the same period in the previous year, the company posted $2.03 earnings per share. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. research analysts anticipate that Intuitive Surgical, Inc. will post 7.85 EPS for the current fiscal year.
ISRG has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $437.00 price target on the stock in a research report on Tuesday, December 12th. ValuEngine cut shares of Intuitive Surgical from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Intuitive Surgical in a research report on Saturday, November 18th. Morgan Stanley lifted their price target on shares of Intuitive Surgical from $450.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Finally, BidaskClub cut shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $408.76.
Intuitive Surgical 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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