Meeder Asset Management Inc. lessened its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 81.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 143 shares of the medical equipment provider’s stock after selling 609 shares during the quarter. Meeder Asset Management Inc.’s holdings in Intuitive Surgical were worth $75,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Arlington Financial Advisors LLC boosted its holdings in Intuitive Surgical by 0.7% in the second quarter. Arlington Financial Advisors LLC now owns 7,093 shares of the medical equipment provider’s stock worth $3,721,000 after acquiring an additional 52 shares in the last quarter. Buckingham Asset Management LLC lifted its holdings in shares of Intuitive Surgical by 10.4% during the second quarter. Buckingham Asset Management LLC now owns 571 shares of the medical equipment provider’s stock worth $300,000 after purchasing an additional 54 shares during the period. Rudd International Inc. acquired a new stake in shares of Intuitive Surgical during the second quarter worth about $265,000. Whitener Capital Management Inc. lifted its holdings in shares of Intuitive Surgical by 1.6% during the second quarter. Whitener Capital Management Inc. now owns 1,961 shares of the medical equipment provider’s stock worth $1,028,000 after purchasing an additional 30 shares during the period. Finally, Mondrian Capital Management LLC acquired a new stake in shares of Intuitive Surgical during the second quarter worth about $3,410,000. 86.12% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on the company. Morgan Stanley set a $620.00 target price on Intuitive Surgical and gave the stock a “buy” rating in a report on Friday, July 19th. Cantor Fitzgerald set a $620.00 target price on Intuitive Surgical and gave the stock a “buy” rating in a report on Friday, July 19th. Citigroup decreased their target price on Intuitive Surgical from $611.00 to $575.00 and set a “buy” rating for the company in a report on Tuesday, May 14th. ValuEngine downgraded Intuitive Surgical from a “hold” rating to a “sell” rating in a report on Friday, July 12th. Finally, Northland Securities set a $375.00 target price on Intuitive Surgical and gave the stock a “sell” rating in a report on Friday, July 19th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $579.92.
Shares of NASDAQ:ISRG opened at $495.38 on Wednesday. Intuitive Surgical, Inc. has a 12-month low of $430.24 and a 12-month high of $589.32. The company has a market capitalization of $55.85 billion, a PE ratio of 52.20, a PEG ratio of 3.60 and a beta of 1.12. The business has a 50 day moving average of $515.18 and a two-hundred day moving average of $524.65.
Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results on Thursday, July 18th. The medical equipment provider reported $3.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.23 by $1.02. Intuitive Surgical had a return on equity of 17.35% and a net margin of 29.95%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the company posted $2.76 earnings per share. Intuitive Surgical’s revenue for the quarter was up 20.9% on a year-over-year basis. On average, equities research analysts anticipate that Intuitive Surgical, Inc. will post 10.15 EPS for the current year.
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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