Cadinha & Co. LLC cut its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,845 shares of the medical equipment provider’s stock after selling 178 shares during the period. Intuitive Surgical accounts for about 3.9% of Cadinha & Co. LLC’s holdings, making the stock its 4th largest position. Cadinha & Co. LLC’s holdings in Intuitive Surgical were worth $22,304,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the company. BlackRock Inc. raised its stake in shares of Intuitive Surgical by 2,770.9% in the first quarter. BlackRock Inc. now owns 2,846,621 shares of the medical equipment provider’s stock worth $2,181,851,000 after buying an additional 2,747,465 shares during the last quarter. Edgewood Management LLC raised its stake in shares of Intuitive Surgical by 38.8% in the first quarter. Edgewood Management LLC now owns 919,617 shares of the medical equipment provider’s stock worth $704,859,000 after buying an additional 257,165 shares during the last quarter. Waddell & Reed Financial Inc. raised its stake in shares of Intuitive Surgical by 77.3% in the first quarter. Waddell & Reed Financial Inc. now owns 417,863 shares of the medical equipment provider’s stock worth $320,280,000 after buying an additional 182,139 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Intuitive Surgical by 497.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 105,845 shares of the medical equipment provider’s stock worth $81,127,000 after buying an additional 88,140 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Intuitive Surgical by 3.4% in the first quarter. FMR LLC now owns 2,277,567 shares of the medical equipment provider’s stock worth $1,745,686,000 after buying an additional 75,894 shares during the last quarter. 96.84% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Intuitive Surgical, Inc. (NASDAQ ISRG) opened at 943.45 on Thursday. Intuitive Surgical, Inc. has a one year low of $610.71 and a one year high of $974.66. The company’s 50 day moving average price is $942.17 and its 200 day moving average price is $831.00. The stock has a market capitalization of $35.05 billion, a P/E ratio of 45.19 and a beta of 0.39.
Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Thursday, July 20th. The medical equipment provider reported $5.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.79 by $0.16. The company had revenue of $756.20 million during the quarter, compared to the consensus estimate of $724.51 million. Intuitive Surgical had a return on equity of 15.99% and a net margin of 28.44%. The firm’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.62 EPS. On average, equities analysts expect that Intuitive Surgical, Inc. will post $23.86 earnings per share for the current year.
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A number of analysts have issued reports on ISRG shares. Morgan Stanley set a $950.00 price target on Intuitive Surgical and gave the stock an “overweight” rating in a research note on Monday, May 22nd. Royal Bank Of Canada raised their price target on Intuitive Surgical from $720.00 to $770.00 and gave the stock a “sector perform” rating in a research note on Monday, April 17th. Leerink Swann reissued an “outperform” rating and issued a $850.00 price target (up from $840.00) on shares of Intuitive Surgical in a research note on Saturday, April 22nd. Wells Fargo & Company reissued an “outperform” rating and issued a $1,050.00 price target (up from $1,000.00) on shares of Intuitive Surgical in a research note on Wednesday, July 12th. Finally, Zacks Investment Research lowered Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $980.03.
In other news, EVP Salvatore Brogna sold 1,306 shares of the company’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $915.09, for a total transaction of $1,195,107.54. Following the completion of the sale, the executive vice president now owns 977 shares in the company, valued at approximately $894,042.93. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Amal M. Johnson sold 1,000 shares of the company’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $917.27, for a total value of $917,270.00. Following the sale, the director now owns 3,787 shares of the company’s stock, valued at approximately $3,473,701.49. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,065 shares of company stock valued at $31,659,090. 2.50% of the stock is currently owned by corporate insiders.
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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