First Heartland Consultants Inc. decreased its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 10.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 388 shares of the medical equipment provider’s stock after selling 43 shares during the period. First Heartland Consultants Inc.’s holdings in Intuitive Surgical were worth $204,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of ISRG. BlackRock Inc. grew its position in Intuitive Surgical by 1.2% during the 1st quarter. BlackRock Inc. now owns 8,424,675 shares of the medical equipment provider’s stock worth $4,806,951,000 after purchasing an additional 96,860 shares during the last quarter. FMR LLC lifted its holdings in shares of Intuitive Surgical by 7.3% during the first quarter. FMR LLC now owns 6,807,862 shares of the medical equipment provider’s stock valued at $3,884,429,000 after purchasing an additional 462,957 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Intuitive Surgical by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 2,768,213 shares of the medical equipment provider’s stock valued at $1,452,065,000 after purchasing an additional 68,868 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Intuitive Surgical by 37.4% during the first quarter. Jennison Associates LLC now owns 2,679,394 shares of the medical equipment provider’s stock valued at $1,528,809,000 after purchasing an additional 729,710 shares during the last quarter. Finally, Edgewood Management LLC lifted its holdings in shares of Intuitive Surgical by 1.1% during the second quarter. Edgewood Management LLC now owns 2,453,310 shares of the medical equipment provider’s stock valued at $1,286,884,000 after purchasing an additional 26,298 shares during the last quarter. Institutional investors own 85.97% of the company’s stock.
ISRG traded up $1.47 on Friday, hitting $524.59. 4,522 shares of the company were exchanged, compared to its average volume of 594,557. Intuitive Surgical, Inc. has a 12 month low of $430.24 and a 12 month high of $589.32. The company has a market cap of $60.46 billion, a PE ratio of 55.39, a PEG ratio of 3.89 and a beta of 1.13. The stock’s fifty day moving average is $508.23 and its 200-day moving average is $522.18.
Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results on Thursday, July 18th. The medical equipment provider reported $3.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $1.02. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.03 billion. Intuitive Surgical had a return on equity of 17.35% and a net margin of 29.95%. The business’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.76 earnings per share. On average, equities research analysts predict that Intuitive Surgical, Inc. will post 10.12 earnings per share for the current fiscal year.
In related news, VP Jamie Samath sold 259 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $532.14, for a total value of $137,824.26. Following the completion of the sale, the vice president now directly owns 277 shares in the company, valued at $147,402.78. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Curet Myriam sold 4,974 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $532.14, for a total value of $2,646,864.36. Following the completion of the sale, the executive vice president now owns 3,851 shares of the company’s stock, valued at $2,049,271.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,869 shares of company stock worth $13,664,252. Company insiders own 1.70% of the company’s stock.
Several brokerages have recently commented on ISRG. Piper Jaffray Companies upped their target price on Intuitive Surgical from $610.00 to $633.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Canaccord Genuity reaffirmed a “buy” rating and set a $610.00 target price (up from $575.00) on shares of Intuitive Surgical in a report on Friday, July 19th. Cantor Fitzgerald set a $620.00 target price on Intuitive Surgical and gave the company a “buy” rating in a report on Friday, July 19th. BidaskClub downgraded Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Morgan Stanley set a $620.00 price objective on Intuitive Surgical and gave the stock a “buy” rating in a research note on Friday, July 19th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $575.33.
Intuitive Surgical Company Profile
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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