Wagner Bowman Management Corp bought a new position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 500 shares of the medical equipment provider’s stock, valued at approximately $287,000.
Other hedge funds have also made changes to their positions in the company. Adviser Investments LLC purchased a new position in Intuitive Surgical during the 2nd quarter worth $115,000. Signet Financial Management LLC purchased a new position in Intuitive Surgical during the 2nd quarter worth $115,000. Arrow Financial Corp purchased a new position in Intuitive Surgical during the 3rd quarter worth $115,000. Optimum Investment Advisors grew its stake in Intuitive Surgical by 189.9% during the 3rd quarter. Optimum Investment Advisors now owns 229 shares of the medical equipment provider’s stock worth $131,000 after buying an additional 150 shares during the last quarter. Finally, Kaizen Advisory LLC grew its stake in Intuitive Surgical by 156.0% during the 2nd quarter. Kaizen Advisory LLC now owns 279 shares of the medical equipment provider’s stock worth $133,000 after buying an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 84.14% of the company’s stock.
Several analysts have weighed in on the company. BTIG Research reiterated a “hold” rating on shares of Intuitive Surgical in a research note on Sunday, October 21st. Royal Bank of Canada reiterated a “hold” rating and set a $560.00 price target on shares of Intuitive Surgical in a research note on Friday, October 19th. Raymond James boosted their price target on Intuitive Surgical from $620.00 to $630.00 and gave the company an “outperform” rating in a research note on Friday, October 19th. Piper Jaffray Companies boosted their price target on Intuitive Surgical to $613.00 and gave the company an “overweight” rating in a research note on Friday, October 19th. Finally, Canaccord Genuity upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and boosted their price target for the company from $550.00 to $610.00 in a research note on Friday, October 19th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $554.01.
Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, October 18th. The medical equipment provider reported $2.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.66 by $0.17. The business had revenue of $920.90 million during the quarter, compared to analysts’ expectations of $916.22 million. Intuitive Surgical had a return on equity of 18.79% and a net margin of 22.31%. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.77 EPS. Analysts expect that Intuitive Surgical, Inc. will post 9.52 EPS for the current fiscal year.
In other news, Director Amal M. Johnson sold 1,000 shares of the business’s stock in a transaction dated Tuesday, October 23rd. The stock was sold at an average price of $500.00, for a total value of $500,000.00. Following the completion of the transaction, the director now owns 9,874 shares of the company’s stock, valued at approximately $4,937,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gary S. Guthart sold 35,672 shares of the business’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $520.24, for a total value of $18,558,001.28. Following the completion of the transaction, the chief executive officer now directly owns 363,542 shares of the company’s stock, valued at approximately $189,129,090.08. The disclosure for this sale can be found here. In the last three months, insiders sold 75,503 shares of company stock valued at $38,771,530. Insiders own 2.20% of the company’s stock.
Intuitive Surgical Profile
Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. The company's da Vinci surgical System translates a surgeon's natural 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.
Further Reading: What does relative strength index mean?
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.