Crossvault Capital Management LLC Buys New Position in Intuitive Surgical, Inc. (ISRG)

Share on StockTwits

Crossvault Capital Management LLC bought a new stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 6,790 shares of the medical equipment provider’s stock, valued at approximately $3,252,000. Intuitive Surgical accounts for 1.8% of Crossvault Capital Management LLC’s holdings, making the stock its 21st largest position.

Several other large investors also recently modified their holdings of ISRG. Cornerstone Advisors Inc. raised its holdings in shares of Intuitive Surgical by 32.3% during the 3rd quarter. Cornerstone Advisors Inc. now owns 123 shares of the medical equipment provider’s stock valued at $71,000 after purchasing an additional 30 shares in the last quarter. Fiduciary Trust Co. raised its holdings in shares of Intuitive Surgical by 5.0% during the 4th quarter. Fiduciary Trust Co. now owns 839 shares of the medical equipment provider’s stock valued at $402,000 after purchasing an additional 40 shares in the last quarter. SPC Financial Inc. raised its holdings in shares of Intuitive Surgical by 2.6% during the 4th quarter. SPC Financial Inc. now owns 1,662 shares of the medical equipment provider’s stock valued at $796,000 after purchasing an additional 42 shares in the last quarter. Arlington Financial Advisors LLC raised its holdings in shares of Intuitive Surgical by 0.6% during the 4th quarter. Arlington Financial Advisors LLC now owns 7,243 shares of the medical equipment provider’s stock valued at $3,469,000 after purchasing an additional 44 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT raised its holdings in shares of Intuitive Surgical by 1.0% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 4,627 shares of the medical equipment provider’s stock valued at $2,216,000 after purchasing an additional 45 shares in the last quarter. 84.13% of the stock is owned by institutional investors.

NASDAQ ISRG traded up $7.94 during midday trading on Thursday, hitting $516.42. The company had a trading volume of 10,556 shares, compared to its average volume of 882,341. The firm has a market capitalization of $56.44 billion, a price-to-earnings ratio of 54.35, a P/E/G ratio of 3.74 and a beta of 1.07. Intuitive Surgical, Inc. has a fifty-two week low of $380.00 and a fifty-two week high of $581.12.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Thursday, January 24th. The medical equipment provider reported $2.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.07 by ($0.11). The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. Intuitive Surgical had a return on equity of 18.11% and a net margin of 30.29%. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.54 earnings per share. Sell-side analysts forecast that Intuitive Surgical, Inc. will post 10.07 earnings per share for the current year.

In other news, COO Salvatore Brogna sold 2,090 shares of Intuitive Surgical stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $541.88, for a total transaction of $1,132,529.20. Following the sale, the chief operating officer now directly owns 2,049 shares in the company, valued at approximately $1,110,312.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lonnie M. Smith sold 225 shares of Intuitive Surgical stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $540.04, for a total transaction of $121,509.00. Following the sale, the director now owns 379,175 shares in the company, valued at $204,769,667. The disclosure for this sale can be found here. Insiders sold a total of 30,627 shares of company stock worth $16,621,017 over the last 90 days. Company insiders own 2.20% of the company’s stock.

Several research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Thursday, December 6th. BidaskClub downgraded shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $620.00 target price on shares of Intuitive Surgical in a report on Friday, January 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the stock. Intuitive Surgical has an average rating of “Buy” and a consensus price target of $566.40.

COPYRIGHT VIOLATION NOTICE: “Crossvault Capital Management LLC Buys New Position in Intuitive Surgical, Inc. (ISRG)” was originally reported by Ticker Report and is owned by of Ticker Report. If you are accessing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.tickerreport.com/banking-finance/4115991/crossvault-capital-management-llc-buys-new-position-in-intuitive-surgical-inc-isrg.html.

Intuitive Surgical Profile

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.

Featured Story: Catch-Up Contributions

Want to see what other hedge funds are holding ISRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuitive Surgical, Inc. (NASDAQ:ISRG).

Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

Receive News & Ratings for Intuitive Surgical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuitive Surgical and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Pebblebrook Hotel Trust  Increases Dividend to $0.38 Per Share
Pebblebrook Hotel Trust Increases Dividend to $0.38 Per Share
APN Industria REIT  To Go Ex-Dividend on March 28th
APN Industria REIT To Go Ex-Dividend on March 28th
Volution Group PLC  Announces Dividend of GBX 1.60
Volution Group PLC Announces Dividend of GBX 1.60
Insider Selling: Ambarella Inc  VP Sells 3,700 Shares of Stock
Insider Selling: Ambarella Inc VP Sells 3,700 Shares of Stock
iShares Morningstar Mid-Cap Value ETF  Shares Bought by MML Investors Services LLC
iShares Morningstar Mid-Cap Value ETF Shares Bought by MML Investors Services LLC
Zacks: Analysts Expect Cloudera Inc  Will Announce Earnings of -$0.23 Per Share
Zacks: Analysts Expect Cloudera Inc Will Announce Earnings of -$0.23 Per Share


© 2006-2019 Ticker Report