ProShare Advisors LLC lifted its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 12.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,103 shares of the medical equipment provider’s stock after buying an additional 1,508 shares during the quarter. ProShare Advisors LLC’s holdings in Intuitive Surgical were worth $13,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Guardian Life Insurance Co. of America increased its position in shares of Intuitive Surgical by 2.2% during the first quarter. Guardian Life Insurance Co. of America now owns 142 shares of the medical equipment provider’s stock valued at $109,000 after buying an additional 3 shares during the period. D. Scott Neal Inc. purchased a new position in shares of Intuitive Surgical during the second quarter valued at about $120,000. Parallel Advisors LLC increased its position in shares of Intuitive Surgical by 10.1% during the first quarter. Parallel Advisors LLC now owns 153 shares of the medical equipment provider’s stock valued at $129,000 after buying an additional 14 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in shares of Intuitive Surgical during the first quarter valued at about $190,000. Finally, Aureus Asset Management LLC purchased a new position in shares of Intuitive Surgical during the first quarter valued at about $205,000. Institutional investors own 94.23% of the company’s stock.
Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) traded down 0.24% on Friday, hitting $1038.03. 370,043 shares of the stock traded hands. The stock has a market cap of $38.56 billion, a P/E ratio of 49.72 and a beta of 0.38. Intuitive Surgical, Inc. has a 52-week low of $610.71 and a 52-week high of $1,054.77. The stock’s 50 day moving average price is $984.34 and its 200 day moving average price is $884.74. Intuitive Surgical’s stock is set to split before the market opens on Friday, October 6th. The 3-1 split was announced on Friday, August 11th. The newly minted shares will be issued to shareholders after the closing bell on Thursday, October 5th.
Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, July 20th. The medical equipment provider reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.05. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The firm had revenue of $756.20 million for the quarter, compared to the consensus estimate of $724.51 million. During the same quarter in the previous year, the firm earned $1.87 EPS. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities analysts expect that Intuitive Surgical, Inc. will post $23.92 EPS for the current fiscal year.
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In other news, CEO Gary S. Guthart sold 17,975 shares of Intuitive Surgical stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $937.27, for a total value of $16,847,428.25. Following the transaction, the chief executive officer now owns 101,798 shares of the company’s stock, valued at approximately $95,412,211.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Salvatore Brogna sold 899 shares of Intuitive Surgical stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $1,001.90, for a total transaction of $900,708.10. Following the completion of the transaction, the executive vice president now directly owns 570 shares in the company, valued at approximately $571,083. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,172 shares of company stock worth $21,923,487. Insiders own 2.20% of the company’s stock.
Several equities analysts recently issued reports on the stock. Royal Bank Of Canada reiterated a “hold” rating and set a $1,000.00 price target on shares of Intuitive Surgical in a research report on Friday, September 1st. Morgan Stanley reiterated an “overweight” rating on shares of Intuitive Surgical in a research report on Tuesday, September 5th. BidaskClub upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research cut shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, Leerink Swann reiterated an “outperform” rating on shares of Intuitive Surgical in a research report on Wednesday, July 5th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Intuitive Surgical currently has a consensus rating of “Buy” and a consensus price target of $366.12.
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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