Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 200.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 74,700 shares of the medical equipment provider’s stock after buying an additional 49,800 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned 0.07% of Intuitive Surgical worth $27,261,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Disciplined Growth Investors Inc. MN grew its position in Intuitive Surgical by 198.7% in the fourth quarter. Disciplined Growth Investors Inc. MN now owns 420,568 shares of the medical equipment provider’s stock worth $153,482,000 after buying an additional 279,752 shares during the last quarter. Fieldpoint Private Securities LLC acquired a new position in Intuitive Surgical in the 4th quarter worth approximately $146,000. DF Dent & Co. Inc. boosted its stake in Intuitive Surgical by 132.1% in the 4th quarter. DF Dent & Co. Inc. now owns 305,292 shares of the medical equipment provider’s stock worth $111,413,000 after purchasing an additional 173,753 shares during the period. MetLife Investment Advisors LLC acquired a new position in Intuitive Surgical in the 4th quarter worth approximately $12,652,000. Finally, Gotham Asset Management LLC acquired a new position in Intuitive Surgical in the 4th quarter worth approximately $4,730,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.
A number of research firms recently commented on ISRG. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $490.00 price objective on shares of Intuitive Surgical in a research note on Friday, January 26th. Zacks Investment Research lowered shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. ValuEngine lowered shares of Intuitive Surgical from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Piper Jaffray Companies reaffirmed a “hold” rating on shares of Intuitive Surgical in a research note on Friday, January 26th. Finally, Evercore ISI began coverage on shares of Intuitive Surgical in a research note on Wednesday, January 3rd. They issued an “in-line” rating and a $380.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $415.21.
Shares of ISRG stock opened at $430.19 on Wednesday. The stock has a market cap of $48,261.68, a price-to-earnings ratio of 75.74, a price-to-earnings-growth ratio of 5.09 and a beta of 0.51. Intuitive Surgical, Inc. has a 52 week low of $247.50 and a 52 week high of $452.00.
Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Thursday, January 25th. The medical equipment provider reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.27. The company had revenue of $892.40 million during the quarter, compared to analyst estimates of $866.54 million. Intuitive Surgical had a net margin of 21.09% and a return on equity of 19.93%. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter last year, the business posted $2.03 EPS. equities research analysts anticipate that Intuitive Surgical, Inc. will post 7.85 earnings per share for the current year.
In other news, COO Salvatore Brogna sold 7,934 shares of the firm’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $421.37, for a total transaction of $3,343,149.58. Following the transaction, the chief operating officer now owns 6,159 shares in the company, valued at approximately $2,595,217.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jamie Samath sold 964 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $428.60, for a total transaction of $413,170.40. Following the transaction, the vice president now owns 118 shares in the company, valued at approximately $50,574.80. The disclosure for this sale can be found here. Insiders have sold a total of 102,770 shares of company stock valued at $43,410,836 in the last three months. Company insiders own 2.20% of the company’s stock.
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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.
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