SPC Financial Inc. raised its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 37.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,630 shares of the medical equipment provider’s stock after acquiring an additional 440 shares during the period. SPC Financial Inc.’s holdings in Intuitive Surgical were worth $780,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Stratos Wealth Partners LTD. increased its holdings in Intuitive Surgical by 20.4% in the first quarter. Stratos Wealth Partners LTD. now owns 680 shares of the medical equipment provider’s stock worth $281,000 after purchasing an additional 115 shares in the last quarter. US Bancorp DE increased its holdings in shares of Intuitive Surgical by 0.8% during the first quarter. US Bancorp DE now owns 17,914 shares of the medical equipment provider’s stock valued at $7,396,000 after acquiring an additional 141 shares in the last quarter. Peregrine Capital Management LLC grew its holdings in Intuitive Surgical by 0.3% during the second quarter. Peregrine Capital Management LLC now owns 46,812 shares of the medical equipment provider’s stock worth $22,399,000 after buying an additional 144 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Intuitive Surgical by 3.5% during the first quarter. Thrivent Financial for Lutherans now owns 4,676 shares of the medical equipment provider’s stock worth $1,930,000 after buying an additional 159 shares in the last quarter. Finally, Trust Co. of Vermont grew its holdings in Intuitive Surgical by 11.6% during the second quarter. Trust Co. of Vermont now owns 1,543 shares of the medical equipment provider’s stock worth $738,000 after buying an additional 160 shares in the last quarter. 84.98% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Curet Myriam sold 712 shares of Intuitive Surgical stock in a transaction on Tuesday, July 24th. The stock was sold at an average price of $523.46, for a total transaction of $372,703.52. Following the transaction, the executive vice president now directly owns 31,141 shares in the company, valued at $16,301,067.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 owns 363,542 shares in the company, valued at $189,129,090.08. The disclosure for this sale can be found here. Insiders have sold 126,369 shares of company stock worth $64,839,897 over the last quarter. 2.20% of the stock is owned by company insiders.
Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, July 19th. The medical equipment provider reported $2.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.74. Intuitive Surgical had a return on equity of 20.56% and a net margin of 23.20%. The company had revenue of $909.30 million during the quarter, compared to analyst estimates of $877.43 million. During the same quarter in the previous year, the company posted $5.95 earnings per share. Intuitive Surgical’s revenue was up 19.8% compared to the same quarter last year. sell-side analysts expect that Intuitive Surgical, Inc. will post 9.31 earnings per share for the current year.
Several research firms have weighed in on ISRG. Citigroup boosted their price objective on Intuitive Surgical from $561.00 to $592.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. BidaskClub cut Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 31st. Zacks Investment Research upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and set a $582.00 target price on the stock in a research note on Tuesday, July 24th. BTIG Research restated a “hold” rating on shares of Intuitive Surgical in a research note on Sunday, July 22nd. Finally, Northland Securities reiterated a “sell” rating and set a $300.00 price objective on shares of Intuitive Surgical in a research report on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $513.69.
About Intuitive Surgical
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.
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