Endurance Wealth Management Inc. lifted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 200.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 750 shares of the medical equipment provider’s stock after buying an additional 500 shares during the quarter. Endurance Wealth Management Inc.’s holdings in Intuitive Surgical were worth $274,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. First Bank & Trust raised its stake in shares of Intuitive Surgical by 192.5% during the 4th quarter. First Bank & Trust now owns 2,182 shares of the medical equipment provider’s stock worth $796,000 after buying an additional 1,436 shares during the period. Valicenti Advisory Services Inc. raised its stake in shares of Intuitive Surgical by 186.7% during the 4th quarter. Valicenti Advisory Services Inc. now owns 16,779 shares of the medical equipment provider’s stock worth $6,123,000 after buying an additional 10,926 shares during the period. Alpha Windward LLC raised its stake in shares of Intuitive Surgical by 176.5% during the 4th quarter. Alpha Windward LLC now owns 741 shares of the medical equipment provider’s stock worth $270,000 after buying an additional 473 shares during the period. Westpac Banking Corp raised its stake in shares of Intuitive Surgical by 704.7% during the 4th quarter. Westpac Banking Corp now owns 22,267 shares of the medical equipment provider’s stock worth $8,126,000 after buying an additional 19,500 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Intuitive Surgical by 143.6% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,727 shares of the medical equipment provider’s stock worth $630,000 after buying an additional 1,018 shares during the period. 32.82% of the stock is owned by institutional investors and hedge funds.
Shares of Intuitive Surgical, Inc. (NASDAQ ISRG) traded up $11.03 during trading hours on Thursday, reaching $431.10. The company’s stock had a trading volume of 896,400 shares, compared to its average volume of 1,069,345. The stock has a market cap of $48,140.00, a PE ratio of 55.70, a P/E/G ratio of 5.23 and a beta of 0.47. Intuitive Surgical, Inc. has a 12 month low of $217.19 and a 12 month high of $432.23.
Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.78. The company had revenue of $806.10 million during the quarter, compared to analysts’ expectations of $753.25 million. Intuitive Surgical had a return on equity of 18.20% and a net margin of 30.16%. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.06 EPS. equities analysts predict that Intuitive Surgical, Inc. will post 7.98 EPS for the current fiscal year.
ISRG has been the subject of several recent research reports. Wedbush reissued an “outperform” rating and issued a $353.33 price objective on shares of Intuitive Surgical in a research note on Monday, September 25th. Wells Fargo & Co reissued a “buy” rating on shares of Intuitive Surgical in a research note on Monday, October 16th. Canaccord Genuity reissued a “hold” rating on shares of Intuitive Surgical in a research note on Tuesday, October 17th. Barclays reissued an “overweight” rating on shares of Intuitive Surgical in a research note on Friday, October 20th. Finally, Zacks Investment Research raised Intuitive Surgical from a “hold” rating to a “buy” rating and set a $418.00 price objective for the company in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $368.71.
In other Intuitive Surgical news, SVP Curet Myriam sold 262 shares of the company’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $373.00, for a total value of $97,726.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Craig H. Barratt sold 15,000 shares of the company’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $371.18, for a total value of $5,567,700.00. Following the completion of the sale, the insider now owns 7,500 shares of the company’s stock, valued at $2,783,850. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,944 shares of company stock valued at $21,432,971. 2.20% of the stock is owned by company insiders.
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Intuitive Surgical Company Profile
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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