M&T Bank Corp lifted its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 3.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,821 shares of the medical equipment provider’s stock after acquiring an additional 915 shares during the period. M&T Bank Corp’s holdings in Intuitive Surgical were worth $15,282,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Quadrant Capital Group LLC raised its position in shares of Intuitive Surgical by 43.3% during the fourth quarter. Quadrant Capital Group LLC now owns 331 shares of the medical equipment provider’s stock worth $178,000 after acquiring an additional 100 shares during the last quarter. TFG Advisers LLC purchased a new position in Intuitive Surgical during the fourth quarter worth about $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in Intuitive Surgical by 1,444.4% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 139 shares of the medical equipment provider’s stock worth $68,000 after buying an additional 130 shares in the last quarter. Enterprise Trust & Investment Co boosted its holdings in shares of Intuitive Surgical by 6.0% in the 1st quarter. Enterprise Trust & Investment Co now owns 10,977 shares of the medical equipment provider’s stock worth $5,436,000 after purchasing an additional 625 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Intuitive Surgical by 4.9% in the 1st quarter. State of Alaska Department of Revenue now owns 19,915 shares of the medical equipment provider’s stock worth $9,862,000 after purchasing an additional 924 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.
A number of equities research analysts have recently weighed in on ISRG shares. Cfra lowered Intuitive Surgical from a “hold” rating to a “sell” rating in a research note on Friday, April 17th. Bank of America reissued a “buy” rating and set a $650.00 price target on shares of Intuitive Surgical in a report on Thursday, April 9th. Morgan Stanley raised their price objective on Intuitive Surgical from $602.00 to $735.00 and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Wells Fargo & Co raised their price objective on Intuitive Surgical from $632.00 to $727.00 and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Finally, Oppenheimer reiterated a “sell” rating and issued a $365.00 price target on shares of Intuitive Surgical in a research report on Tuesday, April 28th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $660.67.
NASDAQ:ISRG opened at $685.44 on Friday. Intuitive Surgical, Inc. has a one year low of $360.50 and a one year high of $704.00. The firm has a market cap of $80.44 billion, a price-to-earnings ratio of 72.08, a PEG ratio of 11.96 and a beta of 0.93. The firm’s fifty day moving average is $601.51 and its two-hundred day moving average is $554.82.
Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Tuesday, July 21st. The medical equipment provider reported $1.11 EPS for the quarter, beating the consensus estimate of $0.59 by $0.52. Intuitive Surgical had a net margin of 26.07% and a return on equity of 13.62%. The company had revenue of $852.10 million for the quarter, compared to analyst estimates of $675.15 million. During the same period in the prior year, the company earned $3.25 earnings per share. On average, research analysts predict that Intuitive Surgical, Inc. will post 7.17 EPS for the current year.
Intuitive Surgical Company 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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