Intuitive Surgical, Inc. (ISRG) Position Reduced by Berkeley Capital Partners LLC
Berkeley Capital Partners LLC reduced its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 19.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 871 shares of the medical equipment provider’s stock after selling 209 shares during the period. Berkeley Capital Partners LLC’s holdings in Intuitive Surgical were worth $779,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Intuitive Surgical by 2,770.9% in the first quarter. BlackRock Inc. now owns 2,846,621 shares of the medical equipment provider’s stock worth $2,181,851,000 after buying an additional 2,747,465 shares during the last quarter. Vanguard Group Inc. boosted its position in Intuitive Surgical by 1.2% in the first quarter. Vanguard Group Inc. now owns 2,503,817 shares of the medical equipment provider’s stock worth $1,919,101,000 after buying an additional 30,306 shares during the last quarter. FMR LLC boosted its position in Intuitive Surgical by 3.4% in the first quarter. FMR LLC now owns 2,277,567 shares of the medical equipment provider’s stock worth $1,745,686,000 after buying an additional 75,894 shares during the last quarter. Edgewood Management LLC boosted its position in Intuitive Surgical by 38.8% in the first quarter. Edgewood Management LLC now owns 919,617 shares of the medical equipment provider’s stock worth $704,859,000 after buying an additional 257,165 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Intuitive Surgical by 6.0% in the first quarter. American Century Companies Inc. now owns 551,992 shares of the medical equipment provider’s stock worth $423,085,000 after buying an additional 31,132 shares during the last quarter. 96.84% of the stock is owned by institutional investors.
Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at 942.25 on Friday. Intuitive Surgical, Inc. has a 52-week low of $610.71 and a 52-week high of $974.66. The firm has a market capitalization of $35.00 billion, a price-to-earnings ratio of 45.13 and a beta of 0.39. The company’s 50-day moving average is $941.15 and its 200-day moving average is $833.76.
Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Thursday, July 20th. The medical equipment provider reported $5.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.79 by $0.16. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The company had revenue of $756.20 million for the quarter, compared to analysts’ expectations of $724.51 million. During the same period last year, the company earned $5.62 EPS. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. Equities analysts predict that Intuitive Surgical, Inc. will post $23.86 earnings per share for the current year.
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A number of research analysts have weighed in on ISRG shares. Zacks Investment Research raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $911.00 price objective for the company in a report on Monday, April 24th. Barclays PLC reaffirmed a “buy” rating and issued a $830.00 price objective (up previously from $800.00) on shares of Intuitive Surgical in a report on Wednesday, April 19th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $1,100.00 price objective (up previously from $850.00) on shares of Intuitive Surgical in a report on Saturday, July 22nd. Leerink Swann reaffirmed an “outperform” rating on shares of Intuitive Surgical in a report on Wednesday, July 5th. Finally, Royal Bank Of Canada lifted their price objective on shares of Intuitive Surgical from $800.00 to $950.00 and gave the company a “sector perform” rating in a report on Tuesday, July 18th. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $980.03.
In other Intuitive Surgical news, EVP Salvatore Brogna sold 1,306 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $915.09, for a total transaction of $1,195,107.54. Following the sale, the executive vice president now directly owns 977 shares of the company’s stock, valued at approximately $894,042.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amal M. Johnson sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $917.27, for a total transaction of $917,270.00. Following the sale, the director now directly owns 3,787 shares in the company, valued at $3,473,701.49. The disclosure for this sale can be found here. Insiders have sold a total of 34,065 shares of company stock worth $31,659,090 over the last ninety days. 2.50% of the stock is owned by corporate insiders.
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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