California State Teachers Retirement System boosted its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 223.9% in the 4th quarter, HoldingsChannel reports. The fund owned 199,246 shares of the medical equipment provider’s stock after buying an additional 137,722 shares during the period. California State Teachers Retirement System’s holdings in Intuitive Surgical were worth $72,713,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. lifted its position in Intuitive Surgical by 197.3% during the fourth quarter. BlackRock Inc. now owns 7,949,410 shares of the medical equipment provider’s stock valued at $2,901,058,000 after purchasing an additional 5,275,323 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Intuitive Surgical by 170.0% during the fourth quarter. Bank of New York Mellon Corp now owns 3,646,522 shares of the medical equipment provider’s stock valued at $1,330,761,000 after purchasing an additional 2,295,998 shares during the last quarter. Edgewood Management LLC lifted its position in Intuitive Surgical by 200.7% during the third quarter. Edgewood Management LLC now owns 2,898,113 shares of the medical equipment provider’s stock valued at $1,010,359,000 after purchasing an additional 1,934,382 shares during the last quarter. Alliancebernstein L.P. lifted its position in Intuitive Surgical by 175.6% during the fourth quarter. Alliancebernstein L.P. now owns 1,692,967 shares of the medical equipment provider’s stock valued at $617,831,000 after purchasing an additional 1,078,675 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Intuitive Surgical by 236.1% during the fourth quarter. Renaissance Technologies LLC now owns 1,440,600 shares of the medical equipment provider’s stock valued at $525,733,000 after purchasing an additional 1,012,000 shares during the last quarter. 87.85% of the stock is owned by institutional investors.
In other news, Director Mark J. Rubash sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $420.01, for a total value of $420,010.00. Following the completion of the sale, the director now owns 4,453 shares in the company, valued at approximately $1,870,304.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Curet Myriam sold 262 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $431.50, for a total transaction of $113,053.00. Following the completion of the sale, the executive vice president now owns 2,152 shares of the company’s stock, valued at approximately $928,588. The disclosure for this sale can be found here. Insiders sold a total of 102,770 shares of company stock valued at $43,410,836 in the last 90 days. Company insiders own 2.20% of the company’s stock.
Shares of Intuitive Surgical, Inc. (ISRG) opened at $438.95 on Tuesday. The stock has a market cap of $49,630.00, a PE ratio of 51.52, a PEG ratio of 5.25 and a beta of 0.51. Intuitive Surgical, Inc. has a twelve month low of $242.46 and a twelve month high of $452.00.
Intuitive Surgical (NASDAQ:ISRG) last released its earnings results on Thursday, January 25th. The medical equipment provider reported $2.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.27 by $0.27. The firm had revenue of $892.40 million during the quarter, compared to analyst estimates of $866.54 million. Intuitive Surgical had a net margin of 21.09% and a return on equity of 19.93%. The business’s revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the business earned $2.03 EPS. equities analysts forecast that Intuitive Surgical, Inc. will post 7.85 earnings per share for the current year.
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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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