Griffin Asset Management Inc. reduced its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG – Get Rating) by 9.1% during the 1st quarter, Holdings Channel reports. The fund owned 1,271 shares of the medical equipment provider’s stock after selling 127 shares during the quarter. Griffin Asset Management Inc.’s holdings in Intuitive Surgical were worth $383,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in ISRG. BlackRock Inc. lifted its holdings in Intuitive Surgical by 197.3% during the 4th quarter. BlackRock Inc. now owns 26,538,660 shares of the medical equipment provider’s stock worth $9,535,341,000 after buying an additional 17,612,768 shares in the last quarter. State Street Corp lifted its holdings in Intuitive Surgical by 209.4% during the 4th quarter. State Street Corp now owns 14,834,746 shares of the medical equipment provider’s stock worth $5,330,124,000 after buying an additional 10,040,407 shares in the last quarter. Capital World Investors lifted its holdings in Intuitive Surgical by 165.4% during the 4th quarter. Capital World Investors now owns 9,658,541 shares of the medical equipment provider’s stock worth $3,470,421,000 after buying an additional 6,018,962 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Intuitive Surgical by 207.0% during the 4th quarter. Geode Capital Management LLC now owns 6,385,862 shares of the medical equipment provider’s stock worth $2,288,520,000 after buying an additional 4,305,989 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Intuitive Surgical by 238.2% during the 4th quarter. Alliancebernstein L.P. now owns 6,287,228 shares of the medical equipment provider’s stock worth $2,259,001,000 after buying an additional 4,428,375 shares in the last quarter. 83.69% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have issued reports on the company. Wolfe Research initiated coverage on Intuitive Surgical in a report on Tuesday, April 5th. They set a “peer perform” rating and a $315.00 price objective on the stock. Bank of America initiated coverage on Intuitive Surgical in a research note on Tuesday, March 1st. They issued a “buy” rating on the stock. Raymond James cut their price target on Intuitive Surgical from $334.00 to $330.00 and set an “outperform” rating on the stock in a research note on Friday, April 22nd. Evercore ISI cut their price target on Intuitive Surgical from $294.00 to $280.00 in a research note on Friday, April 22nd. Finally, Wells Fargo & Company cut their price target on Intuitive Surgical from $350.00 to $339.00 and set an “overweight” rating on the stock in a research note on Friday, April 22nd. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Intuitive Surgical currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.24.
Intuitive Surgical (NASDAQ:ISRG – Get Rating) last released its earnings results on Thursday, April 21st. The medical equipment provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.07. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Intuitive Surgical had a return on equity of 14.16% and a net margin of 27.84%. The company’s revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 EPS. On average, equities analysts expect that Intuitive Surgical, Inc. will post 4.14 earnings per share for the current year.
In other Intuitive Surgical news, EVP Myriam Curet sold 6,000 shares of the stock in a transaction dated Tuesday, April 26th. The stock was sold at an average price of $252.51, for a total transaction of $1,515,060.00. Following the completion of the transaction, the executive vice president now owns 361 shares in the company, valued at approximately $91,156.11. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.90% of the stock is currently owned by corporate insiders.
Intuitive Surgical Company Profile (Get Rating)
Intuitive Surgical, Inc develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System to enable complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung.
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