Strategic Capital Advisers Inc. acquired a new stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,893 shares of the medical equipment provider’s stock, valued at approximately $2,516,000. Intuitive Surgical accounts for 2.5% of Strategic Capital Advisers Inc.’s portfolio, making the stock its 11th biggest position.
Several other hedge funds and other institutional investors also recently bought and sold shares of ISRG. Raymond James Financial Services Advisors Inc. grew its position in Intuitive Surgical by 86.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 8,899 shares of the medical equipment provider’s stock worth $9,307,000 after buying an additional 4,135 shares during the last quarter. Dupont Capital Management Corp acquired a new stake in shares of Intuitive Surgical during the 3rd quarter valued at $251,000. State of Tennessee Treasury Department boosted its stake in shares of Intuitive Surgical by 7.2% during the 3rd quarter. State of Tennessee Treasury Department now owns 15,847 shares of the medical equipment provider’s stock valued at $16,574,000 after buying an additional 1,071 shares during the period. Cavalier Investments LLC boosted its stake in shares of Intuitive Surgical by 51.1% during the 3rd quarter. Cavalier Investments LLC now owns 1,035 shares of the medical equipment provider’s stock valued at $1,082,000 after buying an additional 350 shares during the period. Finally, Breton Hill Capital Ltd. boosted its stake in shares of Intuitive Surgical by 329.2% during the 3rd quarter. Breton Hill Capital Ltd. now owns 4,056 shares of the medical equipment provider’s stock valued at $1,414,000 after buying an additional 3,111 shares during the period. Institutional investors and hedge funds own 87.85% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Barclays reissued an “overweight” rating and set a $465.00 target price on shares of Intuitive Surgical in a research note on Thursday, January 11th. Piper Jaffray Companies restated a “hold” rating on shares of Intuitive Surgical in a report on Friday, January 26th. Vetr cut shares of Intuitive Surgical from a “buy” rating to a “hold” rating and set a $447.93 target price on the stock. in a research note on Tuesday, February 27th. ValuEngine lowered shares of Intuitive Surgical from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Finally, BidaskClub upgraded shares of Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $408.76.
Intuitive Surgical, Inc. (NASDAQ:ISRG) traded up $0.55 during trading on Wednesday, reaching $440.77. 627,136 shares of the company were exchanged, compared to its average volume of 761,559. The company has a market capitalization of $49,830.00, a P/E ratio of 51.73, a P/E/G ratio of 5.23 and a beta of 0.51. Intuitive Surgical, Inc. has a 1-year low of $242.81 and a 1-year high of $452.00.
Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, January 25th. The medical equipment provider reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.27. Intuitive Surgical had a net margin of 21.09% and a return on equity of 19.93%. The company had revenue of $892.40 million during the quarter, compared to analysts’ expectations of $866.54 million. During the same quarter last year, the company posted $2.03 EPS. Intuitive Surgical’s quarterly revenue was up 17.9% compared to the same quarter last year. equities research analysts predict that Intuitive Surgical, Inc. will post 7.85 EPS for the current year.
In related news, Director Mark J. Rubash sold 1,000 shares of Intuitive Surgical stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $420.01, for a total transaction of $420,010.00. Following the sale, the director now directly owns 4,453 shares of the company’s stock, valued at approximately $1,870,304.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mark J. Meltzer sold 24,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $433.00, for a total transaction of $10,392,000.00. Following the transaction, the senior vice president now owns 34,052 shares in the company, valued at approximately $14,744,516. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 102,770 shares of company stock worth $43,410,836. 2.20% of the stock is owned by insiders.
TRADEMARK VIOLATION NOTICE: “Strategic Capital Advisers Inc. Buys New Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://ledgergazette.com/2018/03/14/strategic-capital-advisers-inc-takes-2-52-million-position-in-intuitive-surgical-inc-isrg.html.
About Intuitive Surgical
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.
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.