SPC Financial Inc. lifted its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 2.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,830 shares of the medical equipment provider’s stock after purchasing an additional 50 shares during the quarter. SPC Financial Inc.’s holdings in Intuitive Surgical were worth $960,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Buffington Mohr McNeal bought a new stake in shares of Intuitive Surgical in the 1st quarter worth approximately $86,000. Burns J W & Co. Inc. NY lifted its position in Intuitive Surgical by 28.2% in the 2nd quarter. Burns J W & Co. Inc. NY now owns 1,497 shares of the medical equipment provider’s stock valued at $785,000 after acquiring an additional 329 shares in the last quarter. ARK Investment Management LLC lifted its position in Intuitive Surgical by 10.3% in the 2nd quarter. ARK Investment Management LLC now owns 5,434 shares of the medical equipment provider’s stock valued at $2,850,000 after acquiring an additional 508 shares in the last quarter. HCR Wealth Advisors lifted its position in Intuitive Surgical by 19.6% in the 2nd quarter. HCR Wealth Advisors now owns 532 shares of the medical equipment provider’s stock valued at $279,000 after acquiring an additional 87 shares in the last quarter. Finally, Signaturefd LLC lifted its position in Intuitive Surgical by 17.6% in the 1st quarter. Signaturefd LLC now owns 641 shares of the medical equipment provider’s stock valued at $366,000 after acquiring an additional 96 shares in the last quarter. 86.09% of the stock is currently owned by hedge funds and other institutional investors.
ISRG has been the topic of several analyst reports. Canaccord Genuity reaffirmed a “buy” rating and issued a $610.00 price objective (up from $575.00) on shares of Intuitive Surgical in a research report on Friday, July 19th. Zacks Investment Research cut Intuitive Surgical from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. Raymond James lowered their price objective on Intuitive Surgical from $630.00 to $610.00 and set an “outperform” rating on the stock in a research report on Monday, April 22nd. BTIG Research reaffirmed a “hold” rating on shares of Intuitive Surgical in a research report on Sunday, April 21st. Finally, UBS Group set a $560.00 price objective on Intuitive Surgical and gave the company a “hold” rating in a research report on Friday, July 19th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $579.92.
Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Thursday, July 18th. The medical equipment provider reported $3.25 earnings per share for the quarter, beating the consensus estimate of $2.23 by $1.02. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Intuitive Surgical had a return on equity of 17.35% and a net margin of 29.95%. The company’s revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.76 EPS. On average, equities research analysts forecast that Intuitive Surgical, Inc. will post 10.15 EPS for the current year.
In other news, VP Jamie Samath sold 130 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $500.60, for a total transaction of $65,078.00. Following the transaction, the vice president now directly owns 219 shares of the company’s stock, valued at approximately $109,631.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Marshall Mohr sold 15,000 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $526.11, for a total value of $7,891,650.00. Following the transaction, the vice president now directly owns 20,135 shares in the company, valued at $10,593,224.85. The disclosure for this sale can be found here. Insiders have sold a total of 25,655 shares of company stock worth $13,552,920 over the last three months. Insiders own 1.70% of the company’s stock.
About Intuitive Surgical
Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.
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