Westwood Management Corp IL lessened its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 77.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,000 shares of the medical equipment provider’s stock after selling 10,200 shares during the period. Westwood Management Corp IL’s holdings in Intuitive Surgical were worth $1,574,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Buffington Mohr McNeal acquired a new stake in Intuitive Surgical in the 1st quarter valued at about $86,000. Signaturefd LLC raised its holdings 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 during the last quarter. Mn Services Vermogensbeheer B.V. raised its holdings in Intuitive Surgical by 1.6% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 19,588 shares of the medical equipment provider’s stock valued at $11,177,000 after acquiring an additional 300 shares during the last quarter. Washington Trust Bank raised its holdings in Intuitive Surgical by 192.3% in the 1st quarter. Washington Trust Bank now owns 114 shares of the medical equipment provider’s stock valued at $65,000 after acquiring an additional 75 shares during the last quarter. Finally, Covenant Asset Management LLC increased its holdings in shares of Intuitive Surgical by 1.9% during the 1st quarter. Covenant Asset Management LLC now owns 3,982 shares of the medical equipment provider’s stock worth $2,272,000 after buying an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 86.22% of the company’s stock.
ISRG has been the subject of a number of recent analyst reports. Northland Securities set a $375.00 price target on shares of Intuitive Surgical and gave the stock a “sell” rating in a report on Friday, July 19th. Citigroup cut their price target on shares of Intuitive Surgical from $611.00 to $575.00 and set a “buy” rating for the company in a report on Tuesday, May 14th. Piper Jaffray Companies raised their price target on shares of Intuitive Surgical from $610.00 to $633.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Cantor Fitzgerald set a $620.00 price target on shares of Intuitive Surgical and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, ValuEngine downgraded shares of Intuitive Surgical from a “hold” rating to a “sell” rating in a report on Friday, July 12th. Three analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $579.92.
Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Thursday, July 18th. The medical equipment provider reported $3.25 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $1.02. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.03 billion. Intuitive Surgical had a net margin of 29.95% and a return on equity of 17.35%. Intuitive Surgical’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.76 earnings per share. As a group, equities research analysts forecast that Intuitive Surgical, Inc. will post 10.15 EPS for the current year.
In other news, SVP Reiter Kara Andersen sold 4,120 shares of Intuitive Surgical stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $540.00, for a total value of $2,224,800.00. Following the sale, the senior vice president now owns 7,838 shares of the company’s stock, valued at $4,232,520. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Jamie Samath sold 130 shares of Intuitive Surgical stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $500.60, for a total transaction of $65,078.00. Following the completion of the sale, the vice president now directly owns 219 shares in the company, valued at approximately $109,631.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,882 shares of company stock worth $13,664,919. 1.70% of the stock is currently owned by company insiders.
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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