Toronto Dominion Bank grew its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 40.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 112,983 shares of the medical equipment provider’s stock after acquiring an additional 32,642 shares during the quarter. Toronto Dominion Bank owned about 0.10% of Intuitive Surgical worth $59,254,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the company. ARK Investment Management LLC boosted its position in Intuitive Surgical by 10.3% during the 2nd quarter. ARK Investment Management LLC now owns 5,434 shares of the medical equipment provider’s stock worth $2,850,000 after buying an additional 508 shares during the period. Burns J W & Co. Inc. NY grew its stake in Intuitive Surgical by 28.2% during the second quarter. Burns J W & Co. Inc. NY now owns 1,497 shares of the medical equipment provider’s stock worth $785,000 after purchasing an additional 329 shares during the period. Birinyi Associates Inc. acquired a new position in Intuitive Surgical in the second quarter valued at approximately $787,000. Bluestein R H & Co. boosted its holdings in shares of Intuitive Surgical by 16.7% during the 2nd quarter. Bluestein R H & Co. now owns 33,971 shares of the medical equipment provider’s stock worth $17,819,000 after buying an additional 4,861 shares in the last quarter. Finally, HCR Wealth Advisors boosted its holdings in shares of Intuitive Surgical by 19.6% during the 2nd quarter. HCR Wealth Advisors now owns 532 shares of the medical equipment provider’s stock worth $279,000 after buying an additional 87 shares in the last quarter. Hedge funds and other institutional investors own 85.97% of the company’s stock.
Several brokerages have recently commented on ISRG. Canaccord Genuity restated a “buy” rating and issued a $610.00 target price (up from $575.00) on shares of Intuitive Surgical in a research note on Friday, July 19th. Piper Jaffray Companies upped their price target on Intuitive Surgical from $610.00 to $633.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Citigroup cut their price target on Intuitive Surgical from $611.00 to $575.00 and set a “buy” rating on the stock in a report on Tuesday, May 14th. BidaskClub cut Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Morgan Stanley set a $620.00 price objective on Intuitive Surgical and gave the company a “buy” rating in a report on Friday, July 19th. Three analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $579.92.
Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, July 18th. The medical equipment provider reported $3.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.23 by $1.02. Intuitive Surgical had a net margin of 29.95% and a return on equity of 17.35%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business posted $2.76 EPS. The business’s revenue was up 20.9% compared to the same quarter last year. Equities analysts expect that Intuitive Surgical, Inc. will post 10.12 earnings per share for the current fiscal year.
In other news, EVP Curet Myriam sold 4,974 shares of Intuitive Surgical stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $532.14, for a total transaction of $2,646,864.36. Following the sale, the executive vice president now directly owns 3,851 shares in the company, valued at approximately $2,049,271.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Reiter Kara Andersen sold 4,120 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $540.00, for a total transaction of $2,224,800.00. Following the completion of the transaction, the senior vice president now directly owns 7,838 shares in the company, valued at $4,232,520. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,869 shares of company stock valued at $13,664,252. 1.70% of the stock is currently owned by corporate insiders.
Intuitive Surgical Profile
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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