Federated Investors Inc. PA raised its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 30.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,248 shares of the company’s stock after buying an additional 289 shares during the period. Federated Investors Inc. PA’s holdings in Intuitive Surgical were worth $791,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in ISRG. State Street Corp increased its position in shares of Intuitive Surgical by 7.2% in the fourth quarter. State Street Corp now owns 1,635,347 shares of the company’s stock worth $1,037,088,000 after buying an additional 110,302 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of Intuitive Surgical by 2.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,011,384 shares of the company’s stock worth $733,081,000 after buying an additional 21,482 shares during the period. BlackRock Fund Advisors increased its position in shares of Intuitive Surgical by 3.2% in the third quarter. BlackRock Fund Advisors now owns 858,396 shares of the company’s stock worth $622,191,000 after buying an additional 26,426 shares during the period. JPMorgan Chase & Co. increased its position in shares of Intuitive Surgical by 15.8% in the third quarter. JPMorgan Chase & Co. now owns 717,214 shares of the company’s stock worth $521,178,000 after buying an additional 98,054 shares during the period. Finally, Edgewood Management LLC increased its position in shares of Intuitive Surgical by 1.3% in the fourth quarter. Edgewood Management LLC now owns 662,452 shares of the company’s stock worth $420,107,000 after buying an additional 8,240 shares during the period. 91.16% of the stock is owned by hedge funds and other institutional investors.
Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at 750.03 on Tuesday. Intuitive Surgical, Inc. has a 1-year low of $562.60 and a 1-year high of $755.55. The firm has a 50-day moving average price of $722.82 and a 200 day moving average price of $682.63. The company has a market capitalization of $29.09 billion, a P/E ratio of 40.04 and a beta of 0.55.
Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results on Tuesday, January 24th. The company reported $6.09 EPS for the quarter, beating the consensus estimate of $5.99 by $0.10. The firm had revenue of $757 million for the quarter, compared to analyst estimates of $739.65 million. Intuitive Surgical had a return on equity of 14.24% and a net margin of 27.21%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $5.89 earnings per share. On average, equities analysts predict that Intuitive Surgical, Inc. will post $23.49 EPS for the current year.
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A number of brokerages recently issued reports on ISRG. Bank of America Corp set a $800.00 price objective on Intuitive Surgical and gave the company a “buy” rating in a research note on Tuesday, February 14th. Canaccord Genuity reiterated a “buy” rating on shares of Intuitive Surgical in a research note on Wednesday, January 25th. Zacks Investment Research downgraded Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Tuesday, January 17th. Wedbush reiterated an “outperform” rating and set a $800.00 price objective on shares of Intuitive Surgical in a research note on Saturday, January 14th. Finally, Evercore ISI downgraded Intuitive Surgical from a “buy” rating to a “hold” rating and set a $690.00 price objective for the company. in a research note on Wednesday, January 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. Intuitive Surgical currently has a consensus rating of “Buy” and an average price target of $733.43.
In other news, Director Lonnie M. Smith sold 1,000 shares of the firm’s stock in a transaction on Friday, January 27th. The stock was sold at an average price of $684.38, for a total transaction of $684,380.00. Following the transaction, the director now owns 234,971 shares in the company, valued at $160,809,452.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Marshall Mohr sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $700.00, for a total value of $1,400,000.00. Following the transaction, the chief financial officer now owns 3,289 shares in the company, valued at approximately $2,302,300. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,118 shares of company stock worth $25,064,571. Insiders own 3.10% of the company’s stock.
About Intuitive Surgical
Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s 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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